Cosmetics

Saks Fifth Avenue Corporate Office

Andrew Saks founded Saks & Company in New York in 1867. The company was incorporated in 1902.

In 1923 Saks & Co. merged with Gimbel Brothers, Inc. In 1924 Horace Saks and Bernard Gimbel opened Saks Fifth Avenue in New York City.

When Bernard’s brother, Adam Gimbel, took over the company in 1926 the company began to expand nationally.

In 1973 Saks was acquired by BATUS Inc. Saks was sold again in 1990, this time to Investcorp S.A. Investcorp took the company public in 1996.

In August of 2007, the United States Post Office began an experimental program selling the plus zip code extension to businesses. The first company to do so was Saks Fifth Avenue, which received the zip code of 10022-7463 (“SHOE”) for their eighth-floor shoe department in its flagship Fifth Avenue, New York, location.

In 2013 the Hudson Bay Company (owners of competitor Lord & Taylor) announced it would acquire Saks Fifth Avenue’s parent company for $2.9 billion. The new owners are planning to expand Saks Fifth Avenue into Canada and in 2016, opened their first store in Toronto, with a second location opening in Calgary, Alberta, in February of 2018.

In 2015, the company began a 3-year, $250 million restoration plan for their flagship Fifth Avenue location. Completion is expected by the end of 2018.

In August 2023, Neiman Marcus was in talks with Saks about a possible merger.

Saks 5th Avenue maintains a corporate office in New York, New York.

Saks Fifth Avenue

Andrew Saks founded Saks & Company in New York in 1867. The company was incorporated in 1902.

In 1923 Saks & Co. merged with Gimbel Brothers, Inc. In 1924 Horace Saks and Bernard Gimbel opened Saks Fifth Avenue in New York City.

History

When Bernard’s brother, Adam Gimbel, took over the company in 1926 the company began to expand nationally.

In 1973 Saks was acquired by BATUS Inc. Saks was sold again in 1990, this time to Investcorp S.A. Investcorp took the company public in 1996.

In 2015, the company began a 3-year, $250 million restoration plan for their flagship Fifth Avenue location. Completion is expected by the end of 2018.

In August 2023, Neiman Marcus was in talks with Saks about a possible merger.

Saks 5th Avenue maintains a corporate office in New York, New York.

Rakuten.com Shopping Corporate Office

Scott Blum founded Buy.com in 1997. The company sold electronics at below cost and made up the difference with advertising and ancillary services like warranties and equipment leases.

Buy.com had the record for first year sales of any company with $111 million in 1998, its first full year of business.

Scott Blum sold his stake in the company to SoftBank in 1999 for $195 million, right before the company filed an IPO. Stock values plummeted the following year and he bought his stake back for $23.6 million in 2001.

In 2002 Buy.com expanded beyond electronics and began adding soft goods to their catalog.

Buy.com has an extensive eBay store and has over 1 million positive reviews.

In 2010 Buy.com was acquired by Rakuten, Inc., Japan’s biggest e-commerce company. The acquisition had an approximate value of $250 million.

In 2013 Rakuten, Inc. announced the official rebranding of Buy.com to “Rakuten.com Shopping.”

Rakuten.com Shopping offers more than 17 million products and is ranked in the top three e-commerce companies in the world.

Rakuten.com Shopping

Scott Blum founded Buy.com in 1997. The company sold electronics at below cost and made up the difference with advertising and ancillary services like warranties and equipment leases.

Buy.com had the record for first year sales of any company with $111 million in 1998, its first full year of business.

History

In 2002 Buy.com expanded beyond electronics and began adding soft goods to their catalog.

Buy.com has an extensive eBay store and has over 1 million positive reviews.

In 2010 Buy.com was acquired by Rakuten, Inc., Japan’s biggest e-commerce company. The acquisition had an approximate value of $250 million.

In 2013 Rakuten, Inc. announced the official rebranding of Buy.com to “Rakuten.com Shopping.”

Rakuten.com Shopping offers more than 17 million products and is ranked in the top three e-commerce companies in the world.

Overstock.com Corporate Office

Patrick M. Byrne founded Overstock.com in 1997 to sell surplus and returned inventory of retail stores, liquidating the inventories of at least 18 failed dot-com companies at prices that were below wholesale.

The first year of operation, Overstock.com had $1.8 million in revenue.

The company showed a profit for the first time in 2008. In 2009 the company resumed making losses and finally became profitable in 2010.

In recent years Overstock.com has expanded to sell new merchandise. From 2004 to 2011 the company offered online auctions but the practice was ultimately retired.

Overstock.com began rebranding in 2011 as “O.co” in an effort to simplify and unify its international operations. However, customer confusion led to a temporary retraction of the rebranding.

Today Overstock.com is an internet retailer providing discounts on brand name, non-brand name, and closeout merchandise in the United States and internationally. The company also has a vehicle selling service.

In September 2018, the company announced that it was selling Bitcoin through its website using Bitsey Wallet.

In August 2019, CEO Patrick Byrne stepped down after making claims that he had been an FBI informant and that he was involved romantically with a Russian spy. Jonathan Johnson was named as interim CEO.

Many products are made specifically for overstock.com and the company also sells merchandise of other retailers through its website. Overstock. com has 1,800 employees and had $1.745 billion in revenue in 2017.

Overstock.com

History

The first year of operation, Overstock.com had $1.8 million in revenue.

The company showed a profit for the first time in 2008. In 2009 the company resumed making losses and finally became profitable in 2010.

In recent years Overstock.com has expanded to sell new merchandise. From 2004 to 2011 the company offered online auctions but the practice was ultimately retired.

Overstock.com began rebranding in 2011 as “O.co” in an effort to simplify and unify its international operations. However, customer confusion led to a temporary retraction of the rebranding.

In September 2018, the company announced that it was selling Bitcoin through its website using Bitsey Wallet.

HSN Corporate Office

Lowell “Bud” Paxson and Roy Speer founded the Home Shopping Club in 1982 as a local cable channel in Pinellas County, Florida.

Three years later it expanded nationally and was the first national shopping network, under the name Home Shopping Network.

In 1986 HSN began a second network that broadcast over the air on a number of television stations it had acquired under the name Silver King Broadcasting.

The stations were sold in 1999 to Barry Diller and again in 2001 to Univision Communications.

In 1999 the company launched hsn.com, which is one of the most trafficked e-commerce websites.

Today HSN is an interactive, multichannel retailer with two operating segments: HSN and Cornerstone. The company’s brands include Bllard Designs, Chasing Fireflies, Frontgate, Garnet Hill, Grandin Road, Improvements, and TravelSmith. HSN has 6,700 employees and had $3 billion in revenue in 2012.

HSN, Inc.

Lowell “Bud” Paxson and Roy Speer founded the Home Shopping Club in 1982 as a local cable channel in Pinellas County, Florida.

Three years later it expanded nationally and was the first national shopping network, under the name Home Shopping Network.

In 1986 HSN began a second network that broadcast over the air on a number of television stations it had acquired under the name Silver King Broadcasting.

History

The stations were sold in 1999 to Barry Diller and again in 2001 to Univision Communications.

In 1999 the company launched hsn.com, which is one of the most trafficked e-commerce websites.

Nordstrom Corporate Office

John W. Nordstrom was a Swedish emigrant who arrived in the United States in 1887. He struck gold while prospecting and used this money to open a shoe store, Wallin & Nordstrom with co-founder Carl F. Wallin in 1901.

When the company opened its second store in 1923 Nordstrom’s son, Elmer J. Nordstrom, was put in charge of it. Elmer’s brother Everett, joined the business in 1928 when he and Elmer bought the co-founders shares when they reached retirement. A third brother, Lloyd, joined the business in 1933. The three brothers ran the business together for 40 years.

In 1958 Nordstrom’s had eight shoe stores.

In 1971 the company went public, trading on the NASDAQ. The shares were changed to the NYSE in 1999.

From 1978 to 1995 Nordstrom opened 46 full-line department stores.

Today Nordstrom, Inc. is an upscale fashion retailer that has 252 stores in 34 states, 52,000 employees, and had $8.7 billion in revenue in 2012.

Nordstrom, Inc.

In 1958 Nordstrom’s had eight shoe stores.

History

In 1971 the company went public, trading on the NASDAQ. The shares were changed to the NYSE in 1999.

From 1978 to 1995 Nordstrom opened 46 full-line department stores.

Today Nordstrom, Inc. is an upscale fashion retailer that has 252 stores in 34 states, 52,000 employees, and had $8.7 billion in revenue in 2012.