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stores in the United States. The company Saks Fifth Avenue Enterprises (SFAE) offers
luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. As of November
17, 2006, the company operated 54 Saks Fifth Avenue stores, 50 Off 5th stores, and 62
Club Libby Lu specialty stores. Saks Incorporated has a strategic relationship with
Roosevelt China Investments Corp. to locate and develop appropriate sites for Saks Fifth
Avenue stores within People's Republic of China and Macau. The company was
incorporated in 1919 and is headquartered in Birmingham, Alabama.