LYCOS RETRIEVER 
Saks: Saks Fifth Avenue Enterprises
built 289 days ago
Saks Inc. announced Andrew Jennings is stepping down as president and COO of its Saks Fifth Avenue Enterprises unit to return overseas. The luxury retailer does not plan to replace Jennings at the current time.
Source:
From the mid-1990s until 2003, employees of the department store operator’s Saks Fifth Avenue Enterprises division allegedly understated the sales performance of suppliers’ goods and deferred permanent markdowns from one period to another. The result: an overstatement of earnings from 2000 through 2002 and for two quarters in 2001 and 1999, according to the commission.
Source:
The company's flagship and namesake stores operate under the name of Saks Fifth Avenue. It ... operates several outlet stores under the Off 5th nameplate, and the e-commerce website Saks.com. The ventures comprise the Saks Fifth Avenue Enterprises division of the company. The company also currently operates 62 Club Libby Lu specialty shops targeted to girls between the ages of 6-12 years old.
Source:
MORE ABOUT
Saks Fifth Avenue Enterprises