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Article: Saks Fifth Avenue
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- Contemporary Fashion
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CopyrightCOPYRIGHT 2002 The Gale Group Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SAKS FIFTH AVENUE
American retail store
Opened:
in 1924 as a joint venture between Horace Saks of Saks & Co. and Bernard Gimbel of Gimbel Bros.
Company History:
Targeting upscale customers, it was the first specialty store to expand across the
nation; financial stresses precipitated the sale of Saks Fifth Avenue to the U.S. subsidiary of British American Tobacco in 1973; company changed hands again in 1990; was acquired by Alabama-based Proffitt's, 1998.
Awards:
Fifth Avenue store earned a Gold Medal award from the Fifth Avenue Association and remains a New York landmark.
Company Address:
12 East 49th Street, New York, NY 10017, USA.
Company Website:
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