Saks Fifth Avenue Revenue and Competitors

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Location

N/A

Total Funding

Retail

Industry

Estimated Revenue & Valuation

  • Saks Fifth Avenue's estimated annual revenue is currently $3.6B per year.(i)
  • Saks Fifth Avenue's estimated revenue per employee is $317,800

Employee Data

  • Saks Fifth Avenue has 11477 Employees.(i)
  • Saks Fifth Avenue grew their employee count by 8% last year.
Competitor NameRevenueNumber of EmployeesEmployee GrowthTotal FundingValuation
#1
$52.7M0N/A$675MN/A
#2
$381.7M12019%N/AN/A

Saks Fifth Avenue's Inception Saks Fifth Avenue was the brainchild of Horace Saks and Bernard Gimbel, who operated independent retail stores on New York's 34th Street at Herald Square in the early 1900s. Their dream was to construct a unique specialty store that would become synonymous with fashionable, gracious living. The combined financial input of these great merchant families led to the purchase of a site between 49th and 50th Streets on upper Fifth Avenue, then jointly occupied by the Democratic Club and the Buckingham Hotel. With the opening of its founders' "dream store" on September 15, 1924, Saks Fifth Avenue became the first large retail operation to locate in what was then primarily a residential district. By offering the finest quality men's and women's fashions, as well as an extraordinary program of customer services, Saks Fifth Avenue has become the byword for taste and elegance.

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N/A

Total Funding

11477

Number of Employees

$3.6B

Revenue (est)

8%

Employee Growth %

N/A

Valuation

N/A

Accelerator

Saks Fifth Avenue News

2022-04-20 - Man with designer tastes nabbed for stealing more than $6,000 in clothing from Saks Fifth Avenue: Beachwood p

At 5:35 p.m. April 16, police arrested a Cleveland man, 48, who was in possession of seven items stolen from Saks Fifth Avenue at Beachwood...

2022-04-20 - Serial offender charged after allegedy stealing from Saks Fifth Avenue in Waikiki

Narito allegedly entered Saks Fifth Avenue and took the items, but a store employee detained him until Honolulu Police Department officers...

2022-04-19 - Saks Fifth Avenue OFF 5th clearance sale: Up to 75% off select designer brands

Saks Fifth Avenue OFF 5th clearance sale: Up to 75% off select designer brands. Published: Apr. 18, 2022, 10:33 a.m.. facebook. twitter.

2021-05-26 - I spent the day at Saks Fifth Avenue in NYC without a mask – here’s what it was like

The author at L’Avenue restaurant at Saks Fifth Avenue in New York City. Michelle Gross If you’re fully vaccinated in New York City, you may now be able to go maskless at certain places. Writer Michelle Gross recently went to luxury department store Saks Fifth Avenue without wearing a mask. Gros ...

2018-11-26 - Former Saks CEO: What’s Fascinating is the Convergence of Online and Stores

The former CEO of Saks, Steve Sadove, says that what’s really fascinating is the convergence that is currently happening with online and brick and mortar stores. You have the Amazon’s of the world adding brick and mortar store options and then you have Walmart and Target and many others growing ...

Company NameRevenueNumber of EmployeesEmployee GrowthTotal Funding
#1
$2946.4M11692N/AN/A
#2
$3798.2M118992%N/A
#3
$2417.1M11907N/AN/A
#4
$2363M12056N/AN/A
#5
$300M1243718%N/A