620:(SEC) investigated the complaint for years, and according to the New York Times "exposed a tangle of illicit tactics that let Saks ... keep money it owed to clothing makers", inflating Saks' yearly earnings up to 43% and abusively collecting around $ 30 million from suppliers over seven years. Saks settled with the SEC in 2007, after firing three or more executives involved in the fraudulent activities. In March, 2005, Saks announced to restate financial results from fiscal 1999 through the third quarter of fiscal 2004 to correct some accounting errors related to its previously recorded operating leases.
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The former Saks Fifth Avenue properties became the Saks Fifth Avenue
Enterprises division of the company with the larger Birmingham-based department store division becoming the Saks Department Store Group. The company's main-line department store group was made up of its Southern Department Store
638:
On
October 31 that same year, Saks announced that it was selling the 142 stores within its Northern Department Store Group, including Carson Pirie Scott, Bergner's, Younkers, Herberger's, and Boston Store to
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By 2005, Saks
Incorporated began to seek a narrower focus towards the luxury-oriented retail synonymous with its Saks Fifth Avenue stores. The decision resulted in a July 2005 sale of its combined 47
646:
On August 2, 2006, Saks
Incorporated announced that it had agreed to sell its upscale 38 Parisian stores, along with two regional distribution centers and Birmingham corporate headquarters to
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and one of the largest operators of department stores in the United States. The company was also a primary sponsor of the Bruno's
Memorial Classic golf tournament, now known as the
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438:(1919–2005). It acquired several mid-range department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s.
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announced that it will buy Saks, Inc. for US$ 2.4 billion. Through this ownership, Saks Fifth Avenue and Saks Fifth Avenue Off 5th became affiliated with
517:, from Knoxville in October 1997. Although the full Saks company no longer has a store in Mississippi, Saks operates its data services from the former
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stock exchange in 1987, Proffitt's Inc. grew by acquiring several department stores. In 1989 the company purchased 18
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locations in
Tennessee, Virginia, Kentucky, and Georgia. From 1994 to 1998, the company added
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In 2001, the company recorded record revenues of $ 6.6 billion, making it a member of the
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1061:"Saks to restate financial results over accounting errors, announces informal SEC probe"
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HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores,
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19:
This article is about the defunct holding company. For the department store chain, see
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franchises, as well as Folio, a mail-order business and Saks.com, an online retailer.
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In
September 1998, the company acquired the holding company for the luxury retailer
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Stores, Inc., for $ 1.1 billion; the transaction was complete as of March 6, 2006.
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465:, metropolitan area. After going public under the symbol PRFT on the
1042:(Press release). Securities and Exchange Commission. 5 September 2007
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On
November 5, 2008, Saks announced the closure of the unprofitable
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1040:"Saks Inc. Settles Financial Reporting and Related Charges by SEC"
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in 2013, it held ownership of department store chains including
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1115:"Hudson's Bay to Buy Luxury Retailer Saks for $ 2.4 Billion"
418:
founded in 1919. Before acquisition by the
Canadian-founded
1096:
Saks To Close Club Libby Lu Chain After 5 Turbulent Years
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Companies formerly listed on the New York Stock
Exchange
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In 2005, vendors filed against Saks alleging unlawful
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972:. United States Securities and Exchange Commission.
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993:." Saks Incorporated. Retrieved on March 1, 2010.
945:"Hudson's Bay Company acquires Saks Fifth Avenue"
577:, the company's Specialty Department Store Group
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26:
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1008:"Saks Settles With S.E.C. on Overpayments"
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501:chains, as well as additional stores from
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904:Acquired by Hudson's Bay Company in 2013
885:Acquired by Hudson's Bay Company in 2013
605:. The company moved its headquarters to
1079:"Investor Relations - Saks Incorporated"
661:2013 acquisition by Hudson's Bay Company
943:da Silva, Michelle (November 4, 2013).
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618:U.S. Securities and Exchange Commission
557:, the Northern Department Store Group:
1679:Holding companies of the United States
1659:American companies established in 1919
188:46 full-line, 69 off-price (2013)
1674:Holding companies established in 1919
7:
1689:Retail companies established in 1919
1001:
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970:"2010 Form 10-K, Saks Incorporated"
14:
635:for approximately $ 622 million.
529:1998 acquisition of Saks Holdings
44:Proffitts, Inc. (1919–1998)
1664:Companies based in New York City
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16:American defunct holding company
1006:Barbaro, Michael (2007-09-06).
399:Footnotes / references
294:US$ 138.49 million (2013)
1699:1919 establishments in Alabama
1129:– via www.bloomberg.com.
790:Brand dissolved by Saks, Inc.
593:Operations during 21st century
457:Proffitt's Inc. began as five
453:Operations during 20th century
345:US$ 1.149 billion (2013)
311:US$ 62.88 million (2013)
1:
1704:2013 mergers and acquisitions
328:US$ 2.09 billion (2013)
1384:Hudson's Bay Trading Company
105:; 105 years ago
660:
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449:coworking space provider.
18:
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1251:(1978–2020, 2023–present)
891:Saks Fifth Avenue Off 5th
689:List of department stores
609:, New York City in 2007.
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374:Saks Fifth Avenue Off 5th
277:3.147 billion (2013)
31:
1399:North-Western Territory
603:Regions Charity Classic
1372:Rupert's Land Act 1868
493:, the Wisconsin-based
445:off-price stores, and
430:(1998–2013) and
128:; 10 years ago
69:PRFT (1987–1998)
126:November 4, 2013
72:SKS (1998–2013)
1684:Hudson's Bay Company
1619:NRDC Equity Partners
1414:York Factory Express
1215:Hudson's Bay Company
1164:New York City portal
1083:phx.corporate-ir.net
949:The Georgia Straight
671:Hudson's Bay Company
523:Jackson, Mississippi
463:Knoxville, Tennessee
420:Hudson's Bay Company
222:United Arab Emirates
156:Hudson's Bay Company
146:Hudson's Bay Company
116:Maryville, Tennessee
1290:I. G. Baker Company
984:Corporate Addresses
515:Birmingham, Alabama
351:Number of employees
184:Number of locations
28:
1394:North West Company
1101:2008-11-08 at the
1012:The New York Times
989:2005-10-18 at the
758:Carson Pirie Scott
665:On July 29, 2013,
567:Carson Pirie Scott
491:Carson Pirie Scott
414:) was an American
355:12,900 (2011)
1694:Saks Fifth Avenue
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1473:Fort Chesterfield
1377:Deed of Surrender
1350:Lord & Taylor
1234:Saks Fifth Avenue
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683:Lord & Taylor
607:Midtown Manhattan
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21:Saks Fifth Avenue
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387:Official website
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1121:. 29 July 2013
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1409:Pemmican War
1326:Kmart Canada
1239:Saks Off 5th
1229:Hudson's Bay
1123:. Retrieved
1118:
1109:
1091:
1082:
1073:
1065:the original
1055:
1044:. Retrieved
1034:
1023:. Retrieved
1011:
978:
964:
952:. Retrieved
948:
938:
739:Boston Store
675:Hudson's Bay
664:
652:
645:
637:
622:
611:
596:
563:Boston Store
547:
532:
495:Boston Store
456:
443:Saks Off 5th
440:
411:
410:(originally
407:
406:
398:
361:Subsidiaries
335:Total equity
318:Total assets
217:Saudi Arabia
162:Headquarters
144:Acquired by
49:Company type
1508:Mount Royal
1352:(2012–2019)
1346:(1998–2019)
1340:(2015–2018)
1334:(2015–2018)
1316:(1990–1991)
1310:(1978-1991)
1304:(1960-1972)
1298:(1972-1973)
1286:(1978–2012)
1280:(2008–2009)
1274:(2004–2008)
1268:(1972–1982)
954:January 18,
796:Herberger's
614:chargebacks
599:Fortune 500
571:Herberger's
497:chain, and
487:Herberger's
194:Area served
1653:Categories
1550:Strathcona
1494:Labouchere
1320:Woodward's
1046:2014-05-21
1025:2015-09-21
930:References
853:Proffitt's
631:stores to
625:Proffitt's
555:Proffitt's
507:Parks-Belk
459:Proffitt's
436:Proffitt's
408:Saks, Inc.
301:Net income
233:Key people
133:2013-11-04
27:Saks, Inc.
1589:York boat
1567:Equipment
1557:Vancouver
1278:Fortunoff
1266:Shop-Rite
1244:SaksWorks
1020:0362-4331
720:Bergner's
711:divested
706:acquired
559:Bergner's
503:Loveman's
499:Bergner's
447:SaksWorks
432:Tennessee
152:Successor
61:Traded as
1640:Category
1515:Nascopie
1487:Hazelton
1466:Columbia
1445:Baychimo
1308:Simpsons
1302:Morgan's
1296:Freimans
1099:Archived
987:Archived
910:Younkers
834:Parisian
701:founded
579:Parisian
575:Younkers
483:Parisian
479:Younkers
245:chairman
171:New York
80:Industry
41:Formerly
1536:Pelican
1522:Nonsuch
1480:Grahame
1459:Cadboro
1431:Aklavik
1360:History
1249:Zellers
1146:at the
815:McRae's
669:-based
667:Toronto
657:chain.
641:Bon-Ton
629:McRae's
587:Off 5th
551:McRae's
549:Group:
543:Off 5th
519:McRae's
511:Brody's
475:McRae's
434:-based
426:-based
389:at the
383:Website
266:Revenue
207:Bahrain
131: (
123:Defunct
108: (
100:Founded
1574:Capote
1452:Beaver
1328:(1998)
1322:(1993)
1314:Towers
1292:(1891)
1284:Fields
1125:23 May
1018:
714:Notes
681:, and
616:. The
509:, and
471:Hess's
467:NASDAQ
224:(2013)
212:Mexico
173:, U.S.
118:, U.S.
84:Retail
53:Public
1529:Otter
1423:Ships
920:2006
917:1996
914:1856
898:1998
895:1990
879:1998
876:1867
863:2005
857:1919
844:2006
841:1996
838:1877
825:2005
822:1998
819:1902
806:2006
803:1997
800:1927
787:2009
781:2000
768:2006
765:1998
762:1854
749:2006
746:1998
743:1897
730:2006
727:1991
724:1889
696:Name
90:Genre
1614:Flag
1501:Maud
1332:Gilt
1127:2018
1016:ISSN
956:2022
709:Year
704:Year
699:Year
648:Belk
633:Belk
627:and
585:and
573:and
553:and
541:and
275:US$
247:and
141:Fate
110:1919
103:1919
256:CFO
249:CEO
114:in
1655::
1117:.
1081:.
1014:.
1010:.
998:^
947:.
901:—
882:—
860:—
784:—
685:.
677:,
589:.
569:,
565:,
561:,
525:.
505:,
489:,
485:,
481:,
477:,
177:US
175:,
169:,
1207:e
1200:t
1193:v
1085:.
1049:.
1028:.
982:"
958:.
258:)
251:)
243:(
135:)
112:)
23:.
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