The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

Press release from Business Wire

Saks Incorporated Names Denise Incandela Chief Marketing Officer of Saks Fifth Avenue

<p class='bwalignc'> <i>– Incandela also continues as President, Saks Direct –</i> </p>

Wednesday, September 14, 2011

Saks Incorporated Names Denise Incandela Chief Marketing Officer of Saks Fifth Avenue13:30 EDT Wednesday, September 14, 2011 NEW YORK (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) (“Saks” or the “Company”) today announced that Denise Incandela, President, Saks Direct and Executive Vice President of Saks Fifth Avenue, has been named Chief Marketing Officer for Saks Fifth Avenue, a newly created role. She also will continue as President, Saks Direct. Chairman and Chief Executive Officer, Steve Sadove, noted, “Denise is a proven leader, a strategic thinker, and a great executor who has led the development and extraordinary growth of Saks Direct. Denise's experience in maximizing and capitalizing on customer insights, data analytics and digital marketing will be of tremendous value in driving more integrated marketing initiatives across our lines of business.” Incandela joined Saks Fifth Avenue in 1999 to spearhead the development of Saks Direct. She held the post of Senior Vice President of Business Development and Saks Direct between 2002 and 2007 at which time she was promoted to President, Saks Direct and Group Senior Vice President of Saks Fifth Avenue. Incandela was promoted to President, Saks Direct and Executive Vice President of Saks Fifth Avenue in 2010. Prior to joining Saks, she was a consultant at McKinsey & Company, where she was a leader within its Retail Practice and served Saks Fifth Avenue as a client. Incandela received her B.S. in Finance from Boston College and a MBA from The Wharton School of the University of Pennsylvania. Incandela will continue to report to Sadove. Kimberly Grabel, Senior Vice President of Marketing, will report to Incandela. Terron Schaefer, Executive Vice President and Chief Creative Officer, will continue in that role, reporting to Sadove. The Company currently operates 46 Saks Fifth Avenue stores, 59 OFF 5TH stores, and saks.com. Forward-looking InformationThe information contained in this press release that addresses future results or expectations is considered “forward-looking” information within the definition of the Federal securities laws.Forward-looking information in this document can be identified through the use of words such as “may,” “will,” “intend,” “plan,” “project,” “expect,” “anticipate,” “should,” “would,” “believe,” “estimate,” “contemplate,” “possible,” and “point.” The forward-looking information is premised on many factors, some of which are outlined below.Actual consolidated results might differ materially from projected forward-looking information.The forward-looking information and statements are or may be based on a series of projections and estimates and involve risks and uncertainties.These risks and uncertainties include such factors as: the level of consumer spending for luxury apparel and other merchandise carried by the Company and its ability to respond quickly to consumer trends; macroeconomic conditions and their effect on consumer spending; the Company's ability to secure adequate financing; adequate and stable sources of merchandise; the competitive pricing environment within the retail sector; the effectiveness of planned advertising, marketing, and promotional campaigns; favorable customer response to relationship marketing efforts of proprietary credit card loyalty programs; appropriate inventory management; effective expense control; successful operation of the Company's proprietary credit card strategic alliance with HSBC Bank Nevada, N.A.; geo-political risks; the performance of the financial markets; changes in interest rates; and fluctuations in foreign currency and exchange rates.For additional information regarding these and other risk factors, please refer to the Company's filings with the SEC, including its Annual Report on Form 10-K for the fiscal year ended January 29, 2011, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K, which may be accessed viathe Internet at www.sec.gov.The Company undertakes no obligation to correct or update any forward-looking statements, whether as a result of new information, future events, or otherwise. Saks IncorporatedJulia Bentley, 865-981-6243www.saksincorporated.com