Saks Fifth Avenue
Saks Fifth Avenue is one of the most popular retail brands among the American people.
The company’s headquarters is situated in New York City, New York. Their owner is Hudson’s Bay Company, which is the oldest commercial corporation in North America.
The major flagship store of the company is situated in Midtown Manhattan. The company has more than 100 stores that operate under the name of various brands that include Saks Fifth Avenue, International & Off 5th.
Apart from that, they ship their products to various countries that include India, Canada, Singapore, Malaysia, & China among others. The President of the company is Marc Metrick.
How it got started?
The company got founded in 1867 by Andrew Saks and later laid its foundation in New York for the first time in 1902 as Saks & Company.
The company was taken over by Gimbel Brothers, Inc., in 1923 after Andrew’s death and the next year they set out for New York starting out as Saks Fifth Avenue.
The company got its real start with popularity and expansion in 1926 under the guidance of Adam Gimbel. They opened out new stores in Florida, California, Chicago, Idaho, Michigan, Pennsylvania, and San Francisco from the 1960s to 1990s turning their way including Midwest and South.
Now it has a huge chain of outlet stores as an offshoot of the main brand under the name “Saks Off 5th” with around 110 stores worldwide.
Saks Fifth Avenue Products
There is a great variety of products offered by the company that is divided into various categories that we have explained below:• Designers-
In this category, they sell handbags, jewelry, beauty products, and home improvement items.• Women’s apparel-
Here, the company provides a great variety of fashionable items for their female customers that include pants, shorts, jeans, coats, jackets, formal dresses, & many more.
The customers can buy a plethora of shoes that include slippers, sneakers, wedding shoes, booties, flats, etc.• Jewelry-
The Company’s jewelry product portfolio includes bracelets, necklaces, earrings, rings, etc.• Beauty-
This is one of the most popular categories as the majority of the company’s products are sold from this category.
Here, the Saks Fifth Avenue sells the product like high tech tools, candles, makeup products, moisturizers, serums, face masks, & other related items.