The Group's principal activity is operating the free-standing stores in exclusive shopping destinations or anchor stores in upscale regional malls and the stores typically offer a wide assortment of distinctive luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts. Customers may also purchase SFA products by catalog or online at saks.com. The Group operates through following subsidiaries: Saks Fifth Avenue (SFA), Off Fifth and Club Libby Lu (CLL). As of 31-Jan-2009, the Group operates 53 Saks Fifth Avenue stores and 51 Off fifth stores. It also operates 38 Parisian stores. The Group has disposed CLL specialty store business which consisted of 98 leased, mall based business.
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