Business
Saks Inc. announced Monday that it was selling its Northern department store group for $1.1 billion in cash to Bon-Ton Stores Inc., bolstering Bon-Ton as a regional player in the Midwest.
Nov. 1, 2005
With a slew of new plans, the department store tries to reconnect with the well-heeled.
Sept. 19, 2006
Macy’s targets Millennials, Saks blames Sandy in Q4 earnings
Feb. 26, 2013
Brick-and-mortar is not enough for Macy’s Inc. and Saks Inc.
There is much that glitters on the counters and racks of Saks Fifth Avenue, but to Wall Street, nothing shines as bright as the retailer itself.
May 22, 1996
Retailing: Stock rises 39% in initial public offering, surpassing analysts’ predictions.
May 23, 1996
Department store retailer Saks Inc. said fiscal first-quarter profit fell 86% from the year-ago period, which included gains on the sale of its Saks Department Store Group businesses.
May 22, 2007
The prestigious Saks Fifth Avenue chain attracted a hefty buyout offer Thursday that, if successful, probably would be the biggest Japanese investment ever in a U.S. retailer.
March 16, 1990
Saks Inc. agreed to sell nine of its Proffitt’s, Parisian and McRae’s stores in Southern states to rival May Department Stores Co. for about $310 million.
Jan. 31, 2001
Saks Inc. said Friday that it would close 11 stores -- including five Saks Fifth Avenue locations in California -- in an effort to boost profit.
Oct. 2, 2004