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Saks Incorporated began as Proffitt’s, Inc. with just five Proffitt’s stores in metropolitan Knoxville, Tennessee. Proffitt's, Inc. became a public company in June 1987. From 1994 to 1998, we added McRae’s, Parisian, Younkers, Herberger's, and Carson Pirie Scott & Co. (which included Bergner's and Boston Store) as well as 32 additional stores from Lovemans, Hess, Parks-Belk, and Brody’s, which were converted into existing store nameplates.

Sears, Roebuck and Co., a wholly owned subsidiary of Sears Holdings Corporation (NASDAQ: SHLD), is a leading broadline retailer providing merchandise and related services. Sears, Roebuck offers its wide range of home merchandise, apparel and automotive products and services through more than 2,300 Sears-branded and affiliated stores in the United States and Canada, which includes approximately 929 full-line and approximately 1,200 specialty stores in the U.S. Sears, Roebuck also offers a variety of merchandise and services through sears.com, landsend.com, and specialty catalogs. Sears, Roebuck offers consumers leading proprietary brands including Kenmore, Craftsman, DieHard and Lands' End -- among the most trusted and preferred brands in the U.S. Sears, Roebuck is the 2010 ENERGY STAR® Retail Partner of the Year. The company is the nation's largest provider of home services, with more than 12 million service calls made annually.

Sears, Roebuck and Co. hasn't outgrown the mall scene, but it's spending more time in other places. Beyond its 850 US mall-based stores, Sears has more than 1,300 other locations nationwide. The company operates more than 900 independently owned Sears Hometown Stores (formerly known as dealer stores) in small towns and about 105 Sears hardware stores and some 85 Orchard Supply Hardware shops. Sears' stores sell apparel, tools, and appliances, and provide home services (remodeling, appliance repairs) under the Sears Parts & Repair Services and A&E Factory brands. It also sells appliances and tools online. Sears was acquired by Kmart Holding Corp. in 2005. The deal formed Sears Holdings, which owns both chains.

Selfridges Retail Limited Company Profile Manhattan has Macy's; London has Selfridges. With 540,000 sq. ft. of selling space, the flagship Selfridges & Co. department store is still one of the biggest stores in the world and one of the top shops on London's posh Oxford Street. Selfridges also runs two smaller department stores in Manchester and a fourth location in Birmingham. The upmarket retailer sells a wide selection of brand-name fashion apparel, electronics, and housewares, but it aims to entertain as well with 15 in-store bars, cafes, and restaurants and a nearby 250-room, four-star hotel.

The consumption structure is changing rapidly with an aging society, a falling birthrate and the rise of other business categories. It is no exaggeration to say that those department stores that are unable to respond to these changes will be shunned by consumers and will go into decline. We are at an existential moment, where the very value of department stores is in question. In this environment, Takashimaya aims to become the leading region-oriented department store, taking advantage of its powerful network of 20 stores nationwide. We are committed to earning the confidence of customers in the communities in which we operate, reflecting regional characteristics in our store operations, while at the same time cherishing features that have been specific to Takashimaya.

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