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  • SAKS INC Profile

    Once one of the top US department store operators, Saks Incorporated has retrenched to focus on its luxury Saks Fifth Avenue Enterprises (SFAE) business. Following the sale of its 38-store Alabama-based Parisian chain to Belk and its 142-store Northern Department Store Group (Bergner's, Boston Store, Carson Pirie Scott, Herberger's, and Younkers) to The Bon-Ton Stores, both in 2006, Saks operates some 55 Saks Fifth Avenue high-end department stores in 25 states, about 50 outlet stores under the Off 5th banner, and 95 Club Libby Lu specialty shops (acquired 2003). The company bought renowned luxury retailer Saks Holdings (owner of Saks Fifth Avenue) and adopted the high-dollar Saks name in 1998.
    Stephen I. Sadove
    CEO
    12 East 49th St.

    New York, NY 10017

    http://www.saksincorporated.com

    Phone: 212-940-5305

    Fax: —
    Sector: Services Industry: Retail
  • 2008 Sales 2008 Sales Growth 2008 Net Income 2008 Employees
    $3,282,600,000 11.7% $47,500,000 16,700
  • Key Executives: SKS

    Name Title Officer Since
    Stephen I. Sadove CEO 1/1/98
    Kevin G. Wills CFO -
    Michael Rodgers Chief Information Officer -
    Ronald L. Frasch President -
    Michael A. Brizel General Counsel -
    Charles J. Hansen General Counsel -
    Carolyn R. Biggs Executive VP, Divisional -
    Jerry W. Levin Director 11/26/07
  • Top Competitors: SKS

  • Insider Trends: SKS

    Sentiment for SKS is POSITIVE

    • 0M
    • 2M
    • 4M
    • 6M
    • Market Value of Insider Sales
    • Market Value of Insider Purchases
    Total dollar value of all insider purchases and sales over 12 months
  • Insider Transactions: SKS

    Date Name Shares Transaction Type Market Value
    06/04/08 CARTER ROBERT B 4,000 Award of Stock Options $0.00
    06/04/08 LEVIN JERRY W 4,000 Award of Stock Options $0.00
    06/04/08 STADLER CHRISTOPHER J 4,000 Award of Stock Options $0.00
  • Ownership Breakdown : SKS

    Large Block Holder Type Number  
    Institutions 226.00
     
    Mutual Fund 319.00
    Other Major 17.00
  • Short Interest Volume: SKS

    Data as of 6/10/08
    Current Short Interest Shares 1.10 B
    Current Short Interest Ratio 12.70
    Float 127.08 M
    Short Interest as % of Float 21.00
    Average Daily Volume 2.67 M
    Outstanding Shares 143.59 M