Saks

Saks is a renowned luxury retailer that offers an extensive selection of high-end fashion, beauty, jewelry, home décor, and more.

With a strong emphasis on providing an exceptional digital shopping experience, Saks seamlessly integrates its online platform with a network of extraordinary physical stores, ensuring cohesive and personalized service for customers.

In addition to its curated merchandise, Saks provides inspiring editorial content, access to digital stylists, and exclusive lifestyle experiences, enhancing the overall shopping journey.

The company is committed to becoming the preeminent destination for luxury internationally, continually expanding its offerings and enhancing its platforms to meet the evolving needs of its discerning clientele.

Acquisition and Expansion

In July 2024, Saks' parent company, Hudson's Bay Company (HBC), announced the acquisition of luxury retailer Neiman Marcus for $2.65 billion.

This strategic move aimed to strengthen their position in the luxury retail market by combining resources and enhancing negotiating power with vendors.

The acquisition led to the formation of Saks Global, a new entity encompassing Saks Fifth Avenue, Neiman Marcus, and other luxury assets.

The merger was supported by technology giants Amazon and Salesforce, who invested in Saks Global, providing technology and AI integration support.

Marc Metrick, CEO of Saks' e-commerce business, was appointed as the CEO of the combined company, leading the integration of the two luxury retailers.

Locations

As of July 2025, Saks operates its flagship store in New York City, New York, USA.

The company also expanded internationally with stores in Canada, including:

• Toronto
• Calgary

However, in March 2025, it was announced that Hudson's Bay would liquidate and shutter two of the three Saks Fifth Avenue locations in Canada and all 13 Saks Off 5th locations in Canada.

Liquidation sales began shortly thereafter, with locations permanently shuttered by June 2025.

Future Outlook

Through its innovative approach and strategic acquisitions, Saks continues to solidify its position as a leading luxury retailer.

The company offers a seamless and personalized shopping experience to its global clientele.