One of the oldest departmental store in usa-Saks Fifth Avenue

Saks Fifth Avenue

We are talking about 151 year’s old retailer suppliers of America under the ownership of Hudson’s Bay Company. This luxury departmental store is working under the president Marc Metrick since 2015. The store is available with its product in around 40 national locations and 6 international whereas the flagship store is located on Fifth Avenue in Midtown Manhattan, New York City.

How it got started?

The company got founded in 1867 by Andrew Saks and later laid its foundation in New York for 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 1960s to 1990s turning their way including Midwest and South.

Now it has a huge chain of outlet stores as an offshoot of main brand under the name "Saks Off 5th" with around 110 stores worldwide.

Why they are so popular and what they offer?

The store is well known for its superlative American and international designer collections among handbags, jewellery, shoes, cosmetics and gifts and also for the first rated fashion expertise and exemplary client service of its associates. They have exclusive treasures for shoppers that are not found anywhere else in a redefined way with innovation like; in-store art exhibitions, world famous window displays and exclusive salons, among other unforgettable experiences.

Nowadays they are taking over the street-level beauty section to offer it a remake for the business. They are providing relief to shoppers offering services like spa treatments, exercises to combat sagging facial skin, eyebrow shaping as well as working on event space for celebrity appearances and workshops.

The company generates out $700 million in a sales from which 12% belongs to beauty department so they are looking forward in this section for work. The new beauty department is updated and is now ready to overhaul to Saks iconic 650,000 square foot Manhattan Fifth Avenue store. In end, it is launching the most visionary services.

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