Saks, Inc.

Saks, Inc.
Formerly	Proffitts, Inc. (1919–1998)
Company type	Public
Traded as	PRFT (1987–1998); SKS (1998–2013);
Industry	Retail
Genre	Department stores
Founded	1998 in Birmingham, Alabama, U.S.
Defunct	November 4, 2013
Fate	Acquired by Hudson's Bay Company
Successor	Hudson's Bay Company
Headquarters	New York City, New York, U.S.
Number of locations	46 full-line, 69 off-price (2013)
Area served	United States; Bahrain; Mexico; Saudi Arabia; United Arab Emirates (2013);
Key people	Stephen Sadove (chairman and CEO); Kevin Wills (CFO);
Revenue	US$ 3.147 billion (2013)
Operating income	US$ 138.49 million (2013)
Net income	US$ 62.88 million (2013)
Total assets	US$ 2.09 billion (2013)
Total equity	US$ 1.149 billion (2013)
Number of employees	12,900 (2011)
Subsidiaries	Saks Fifth Avenue; Saks Fifth Avenue Off 5th;
Website	Official website at the Wayback Machine (archived December 8, 2013)
	Footnotes / references;

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.