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Saks, Inc.
Saks, Inc. was an American holding company founded in 1998 through the merger of Proffitts, Inc. and Saks Fifth Avenue. Before acquisition by the Canadian-founded Hudson's Bay Company in 2013, it held ownership of numerous regional department store chains including Carson's, McRae's, Parisian, and Proffitt's as well as the New York City-based Saks Fifth Avenue. It acquired several mid-range and specialty department store chains in the 1990s, however, refocused on upscale retailing and divested of them in the mid-2000s. HBC maintains the Saks Fifth Avenue nameplate through the full-line department stores, Saks Off 5th off-price stores, and SaksWorks coworking space provider. Operations during 20th century Saks, Inc. originally began as five Proffitt's stores in the Knoxville, Tennessee, metropolitan area. After going public under the symbol PRFT on the NASDAQ stock exchange in 1987, Proffitt's Inc. grew by acquiring several department stores. In 1989 the company purchased ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Public Company
A public company is a company whose ownership is organized via shares of share capital, stock which are intended to be freely traded on a stock exchange or in over-the-counter (finance), over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (listing (finance), listed company), which facilitates the trade of shares, or not (unlisted public company). In some jurisdictions, public companies over a certain size must be listed on an exchange. In most cases, public companies are ''private'' enterprises in the ''private'' sector, and "public" emphasizes their reporting and trading on the public markets. Public companies are formed within the legal systems of particular states and so have associations and formal designations, which are distinct and separate in the polity in which they reside. In the United States, for example, a public company is usually a type of corporation, though a corporation need not be a public company. In the United Kin ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saks Off 5th
Saks OFF 5TH, formerly Saks Fifth Avenue Off 5th, is an American off-price department store chain founded in 1990, and a sister brand to the luxury department store chain Saks Fifth Avenue. Both chains were owned by holding company Saks, Inc., acquired by the Canadian-founded Hudson's Bay Company in 2013, and spun-off into Saks Global in 2024. Saks Off 5th grew throughout the United States before expanding into Canada in 2016. It competes with off-price department stores including Burlington, Macy's Backstage, Nordstrom Rack, Ross Dress for Less, and the TJX Companies. , Saks Off 5th operates 98 off-price department stores across 22 U.S. states: Arizona, California, Connecticut, Florida, Georgia, Hawaii, Illinois, Massachusetts, Maryland, Michigan, Minnesota, North Carolina, New Hampshire, New Jersey, Nevada, New York, Ohio, Oregon, Pennsylvania, South Carolina, Texas, and Virginia; Washington, D.C.; and 4 Canadian provinces: Alberta, British Columbia, Manitoba, and Ontario. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Carson Pirie Scott
Carson Pirie Scott & Co. (also known as Carson's) is an American department store that was founded in 1854, which grew to over 50 locations, primarily in the Midwestern United States. It was sold to the holding company of Bon-Ton in 2006, but still operated under the Carson name. The entire Bon-Ton collection of stores, including Carson's, went into bankruptcy and closed in 2018. Bon-Ton's intellectual property was quickly sold while in bankruptcy, and the new owners reopened shortly afterwards as a BrandX virtual retailer. History Origins: Carson and Pirie The chain began in 1854 when Samuel Carson and John Thomas Pirie first clerked in the Murray's dry goods store in Peru, Illinois, then opened their own store in LaSalle, Illinois, LaSalle, followed by one in Amboy, Illinois, Amboy. In 1871, the Great Chicago Fire destroyed 60% of the store's stock. Origins: Scott John Edwin Scott operated a dry goods store in Ottawa, Illinois. He later moved up to Chicago and became the first ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Herberger's
G. R. Herberger Inc. is a digitally native retailer. It was established in 1927 in the Midwestern United States as a department store. History Herberger's began in Osakis, Minnesota, when G.R. "Bob" Herberger opened his first store in 1927. Herberger's was incorporated for the purpose of acquiring additional stores and expanding into other communities in 1943. By 1972, it grew to 11 stores in four states, with its headquarters in downtown St. Cloud, Minnesota. G. R. Herberger's, Inc., by then an employee-owned company, merged with Proffitt's Inc. in 1997 in stock deal valued at approximately $160 million (~$ in ). As Proffitt's Inc. evolved into Saks Incorporated with the company's acquisition of Saks Fifth Avenue, Herberger's eventually became part of the corporation's Northern Department Store Group, an assortment of store locations initially acquired by Proffitt's Inc. as Carson Pirie Scott & Company. On October 31, 2005, Saks announced that it was selling Herberger's ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parisian (department Store Chain)
Parisian Inc. (, ) was an American chain of upmarket department stores founded and headquartered in Birmingham, Alabama. Competing mainly through the 1980s against Nordstrom, Neiman Marcus, and Gus Mayer, Parisian underwent a series of restructurings and mergers during its 130-year history, and was taken over by Saks Incorporated, Proffitt’s, Inc. in 1996. In September 2006, Belk purchased Parisian from Saks for $285 million with twenty-four locations later becoming Belk by September 2007. Belk sold four stores in Michigan, Indiana, and Ohio to The Bon-Ton in October 2006. Bon-Ton operated these stores individually under the Parisian name until 2013 when the exclusive marketing rights to operate under the Parisian name expired, marking the end of this upmarket department store brand. History Early history Parisian was founded in Birmingham, Alabama in 1877 by Estella and Bertha Sommers. The sisters sold it to Carl Hess and William Holiner in the 1920s. Hess's son Emil and H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Younkers
Younkers Inc. () is an American online retailer and former department store chain founded as a family-run dry goods business in 1856 in Keokuk, Iowa. The retailer had evolved over more than 150 years to include a presence in locations throughout Iowa and bordering states in the Midwestern United States, Midwest region of the United States. Younkers became influential as it acquired several rivals throughout the 20th century both inside and outside of Iowa. In the late 1990s, the chain was sold with ownership transferring out of state, and its Des Moines, Iowa-based headquarters closed by 2003 as a part of a corporate consolidation. Following its last sale in 2006, Younkers operated as a subsidiary of The Bon-Ton, with locations in seven Midwestern states, primarily in shopping malls. the chain operated more than fifty locations in the region. On August 29, 2018, Younkers closed its doors one last time. History Beginnings The company was founded by three Polish Jewish immigra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hess's
Hess's, originally known as Hess Brothers, was a department store chain based in Allentown, Pennsylvania. The company was founded a single store in 1897, and grew to nearly 80 stores by its commercial peak in the late 1980s. The chains stores were closed or sold off in a series of deals in the early to mid-1990s. History 19th century In the summer of 1896, Max Hess Sr., a German-Jewish immigrant from Perth Amboy, New Jersey, visited Allentown, and returned to Perth Amboy, advising his brother Charles that Allentown was a major business opportunity for the company. Hess Brothers was founded on February 19, 1897, by Charles and Max Hess. The brothers moved to Allentown that year, and leased space in what was then the Grand Central Hotel at 3rd and Hamilton streets.Hellerich, Mahlon H, and Pennsylvania) Lehigh County Historical Society Allentown. Allentown, 1762–1987: a 225-year history. Allentown, Pennsylvania: Lehigh County Historical Society, 1987 Hess's first store opene ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
NASDAQ
The Nasdaq Stock Market (; National Association of Securities Dealers Automated Quotations) is an American stock exchange based in New York City. It is the most active stock trading venue in the U.S. by volume, and ranked second on the list of stock exchanges by market capitalization of shares traded, behind the New York Stock Exchange. The exchange platform is owned by Nasdaq, Inc. (which the exchange also lists; ticker symbol NDAQ), which also owns the Nasdaq Nordic stock market network and several U.S.-based stock and options exchanges. Although it trades stock of healthcare, financial, media, entertainment, retail, hospitality, and food businesses, it focuses more on technology stocks. The exchange is made up of both American and foreign firms, with China and Israel being the largest foreign sources. History 1972–2000 Nasdaq, Inc. was founded in 1971 by the National Association of Securities Dealers (NASD), which is now known as the Financial Industry Regulatory A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Knoxville, Tennessee
Knoxville is a city in Knox County, Tennessee, United States, and its county seat. It is located on the Tennessee River and had a population of 190,740 at the 2020 United States census. It is the largest city in the East Tennessee Grand Divisions of Tennessee, Grand Division and the state's List of municipalities in Tennessee, third-most populous city, after Nashville and Memphis, Tennessee, Memphis.U.S. Census Bureau2010 Census Interactive Population Search. Retrieved: December 20, 2011. It is the principal city of the Knoxville metropolitan area, which had a population of 879,773 in 2020. First settled in 1786, Knoxville was the first capital of Tennessee. The city struggled with geographic isolation throughout the early 19th century; the History of rail transportation in the United States#Early period (1826–1860), arrival of the railroad in 1855 led to an economic boom. The city was bitterly Tennessee in the American Civil War#Tennessee secedes, divided over the issue of sec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SaksWorks
Saks Fifth Avenue (colloquially Saks) is an American luxury department store chain founded in 1867 by Andrew Saks. The first store opened in the F Street shopping district of Washington, D.C., and expanded into Manhattan with its Herald Square store in 1902. Saks was bought by the Gimbels department store chain in 1923 and expanded nationwide during this ownership, and opened its flagship store on Fifth Avenue in 1924. Gimbels and Saks were acquired by Brown & Williamson in 1973, and transferred to sister company Batus Inc. in 1980. While Gimbels was liquidated in 1987, Saks was sold to Investcorp in 1990. Saks Off 5th was established as a Saks clearance store the same year, and has since evolved into an off-price store chain. Saks was acquired by Proffitt's, Inc. (renamed Saks, Inc.) in 1998. Saks, Inc. was acquired by the Hudson's Bay Company in 2013. Saks and Saks Off 5th were spun-off into Saks Global, and consequently became sister brands with department stores Bergdor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Proffitt's
Proffitt's was a department store chain based in Alcoa, Tennessee. The chain was founded in 1919 by David W. Proffitt and James Ellis. In 2006, the Proffitt's and McRae's stores were converted into Belk after Belk had acquired the two chains in July 2005 from Saks, Inc. At the time of their demise they operated 47 Proffitts & McRae's stores. History Beginnings Jeweler David W. Proffitt and James Ellis founded the Ellis-Proffitt Co. on Main Street in downtown Maryville, Tennessee, in 1919. The first store had seven departments: ladies ready-to-wear, ladies accessories, millinery, men's shoes, dry goods, and bargain basement. Ellis sold his share of the company to Proffitt in 1921 due to illness. The company expanded by opening its second store in Athens, Tennessee, in 1936. In the 1960s, the Maryville, Tennessee, Maryville store moved from downtown to Midland Plaza in Alcoa, Tennessee, Alcoa. In 1982 the store relocated again to Foothills Mall (Tennessee), Foothills Mall in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Parisian (department Store)
Parisian Inc. (, ) was an American chain of upmarket department stores founded and headquartered in Birmingham, Alabama. Competing mainly through the 1980s against Nordstrom, Neiman Marcus, and Gus Mayer, Parisian underwent a series of restructurings and mergers during its 130-year history, and was taken over by Saks Incorporated, Proffitt’s, Inc. in 1996. In September 2006, Belk purchased Parisian from Saks for $285 million with twenty-four locations later becoming Belk by September 2007. Belk sold four stores in Michigan, Indiana, and Ohio to The Bon-Ton in October 2006. Bon-Ton operated these stores individually under the Parisian name until 2013 when the exclusive marketing rights to operate under the Parisian name expired, marking the end of this upmarket department store brand. History Early history Parisian was founded in Birmingham, Alabama in 1877 by Estella and Bertha Sommers. The sisters sold it to Carl Hess and William Holiner in the 1920s. Hess's son Emil and H ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
