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Saks Incorporated, formerly known as Proffitt's Inc., is headquartered in New York City and is a Fortune 1000 operator of high-end department stores in the United States under the nameplate Saks Fifth Avenue.==History=====Proffitt's Inc.===Proffitt's Inc. began as five Proffitt's stores in the Knoxville, Tennessee metropolitan area. After going public under the symbol PRFT on the NASDAQ stock exchange in 1987, Proffit's Inc. grew by acquiring several department stores. In 1989 the company purchased 18 Hess's locations in Tennessee, Virginia, Kentucky, and Georgia. From 1994 to 1998, the company added McRae's, Younkers, Parisian, Herberger's, Carson Pirie Scott, Boston Store, and Bergner's chains, as well as additional stores from Loveman's, Parks-Belk, and Brody's, which were converted into existing store nameplates. After acquiring Parisian, Proffitt's relocated its corporate headquarters to Birmingham, Alabama from Knoxville in October 1997. - Source: Wikipedia

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