Type: Business Segment
On the web: http://www.saksfifthavenue.com

Saks Fifth Avenue is Saks Inc.'s most expensive accessory. A subsidiary of Saks, Saks Fifth Avenue (SFA) operates about 45 upscale department stores in 20-plus states. The retailer is near the top of the line in fashion, selling apparel, cosmetics, jewelry, and shoes from top designers such as Burberry, Chanel, and Prada, as well as Saks' own private label merchandise. SFA's off-price sister chain, Off 5th, caters to thriftier customers and has overtaken SFA with more than 55 locations across the US. SFA also operates a catalog and an online store and runs smaller shops in chic vacation spots. The flagship store at 611 Fifth Ave. opened in 1924 and accounts for about 20% of SFA's total sales.

Officers:
Chairman and CEO: Stephen I. (Steve) Sadove
President and Chief Merchandising Officer: Ronald L. (Ron) Frasch
EVP and CFO: Kevin G. Wills

Competitors:
Barneys
Bloomingdale's
Neiman Marcus

© 2012 Hoover's, Inc. All rights reserved.