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Saks Fifth Avenue (originally Saks & Company; colloquially Saks) is an American luxury department store chain headquartered in New York City and founded by Andrew Saks. The original store opened in the F Street shopping district of Washington, D.C. in 1867. Saks expanded into Manhattan with its Herald Square store in 1902 and flagship store on Fifth Avenue in 1924. The chain was acquired by Tennessee-based Proffitt's, Inc. (renamed Saks, Inc.) in 1998, and Saks, Inc. was acquired by the Canadian-based Hudson's Bay Company (HBC) in 2013.As of March 2021, Saks Fifth Avenue operates its brick-and-mortar stores and e-commerce platform as separate divisions, distinguished as SFA and Saks, respectively. Saks Off 5th, originally a clearance store for Saks Fifth Avenue, is now a large off-price division in its own right.
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This article uses material from the Wikipedia article "Saks_Fifth_Avenue", which is released under the Creative Commons Attribution-ShareAlike License 4.0.
