Wikipedia: Saks Fifth Avenue is a luxury American department store owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated. It competes in the high-end department store market with Barneys New York, Bergdorf Goodman, Bloomingdale's, and Neiman Marcus. Saks is headquartered in New York City. Saks Fifth Avenue Enterprises (SFAE) consists of 54 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and saks. com.