USA. New York City. Yellow cabs and MTA public city buses on 5th Avenue. Saks Fifth Avenue is a luxury American specialty store owned and operated by Saks Fifth Avenue Enterprises (SFAE), a subsidiary of Saks Incorporated (Saks & Company). The retailer is near the top of the line in fashion, selling apparel, cosmetics, jewelry, and shoes from top designers as well as Saks' own private label merchandise. The company headquarters and the company-designated flagship store are in Midtown Manhattan. The New York flagship store accounts for a significant amount of the entire chain's annual revenue. American flags. 25.10.2011 © 2011 Didier Ruef