Saks Incorporated
Industry: Department Stores
For the 26 weeks ended 30 July 2005, Saks Incorporated's revenues decreased 1% to $2.87B. The Company's net income for the period totaled $24.4M vs. a loss of $5.2M. Revenues reflect a decrease in comparable store sales. Earnings benefited from $159.9M in realized gains from impairments and dispositions, primarily related to the sale of Profitt's, the absence of $7.4M in charges related to asset write-offs, and decreased interest costs.
Saks Incorporated and its subsidiaries is a retailer operating through two business segments: Saks Department Store Group (SDSG) and Saks Fifth Avenue Enterprises (SFAE). SDSG consists of stores operated under the nameplates: Younkers, Parisian, Herberger's, Carson Pirie Scott (Carson's), Bergner's and Boston Store, and Club Libby Lu mall-based specialty stores. SFAE includes Saks Fifth Avenue (SFA) luxury department stores and Off 5th Saks Fifth Avenue Outlets (Off 5th). On July 5, 2005, the Company consummated a transaction with Belk, Inc. (Belk), in which Belk acquired from the Company, substantially all of the assets directly involved in the Company's Proffitt's and McRae's business operations.
Saks Incorporated's rank changes
The company's ranking in 2007 was a decline from 2006 when it was ranked 362nd on the Fortune 500. The Previous ranking was based on its 2006 revenue of $5,953 million (a change of -2 million compared to 2007) and profits of $22 million (a change of 32 million compared to 2007).
Another point of view
To many investors, profits are more important than the revenue a company earns. If the Fortune 500 was ranked by profits instead of revenue then Saks Incorporated would be ranked 531st rather than 570th due to its profits of $54 in 2007.
| Saks Incorporated | Revenue* | Profit* | Fortune Ranking |
|---|---|---|---|
| 2007 | 3,564 | 54 | 570 |
| 2006 | 5,953 | 22 | 362 |
* US$ Million
-
Address
-
Saks Incorporated
750 Lakeshore Pkwy
Birmingham
AL
35211
-
Saks Incorporated
-
Contact Details
- Phone: 205-940-4000
- Fax: 423-981-6325
- Website: www.saksincorporated.com
- Stock Symbol: SKS
Saks Incorporated is not ranked in this year's Fortune 500