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Saks Fifth Avenue is a chain of upscale department stores founded in 1898. Its headquarters is located in New York, NY. Saks Fifth Avenue operates 42 stores, as well as 48 Saks Off Fifth stores.
Legal controversies[]
In 2005, vendors filed against Saks alleging unlawful chargebacks. The U.S. Securities and Exchange Commission (SEC) investigated the complaint for years and, according to the New York Times, "exposed a tangle of illicit tactics that let Saks... keep money it owed to clothing makers", inflating Saks' yearly earnings up to 43% and abusively collecting around $30 million from suppliers over seven years Saks settled with the SEC in 2007, after firing three or more executives involved in the fraudulent activities.
A Saks Fifth Avenue At Tysons Galleria In McLean, Virginia
In 2014, Saks fired transgender employee Leyth Jamal after she was allegedly "belittled by coworkers, forced to use the men's room and repeatedly referred to by male pronouns (he and him)". After Jamal submitted a lawsuit for unfair dismissal, the company stated in a motion to dismiss that "it is well settled that transsexuals are not protected by Title VII." In a court filing, the United States Department of Justice rebuked Saks' argument, stating that "discrimination against an individual based on gender identity is discrimination because of sex." The company was removed from the Human Rights Campaign's list of "allies" during the controversy. The lawsuit was later settled amicably, without disclosing the terms of the settlement.
In 2017, following the events of Hurricane Maria in Puerto Rico, Saks's San Juan store located in Mall of San Juan suffered major damages along with its neighboring anchor store Nordstrom. Taubman Centers, the company who owns the mall, filed a lawsuit against Saks for failing to provide an estimated reopening date and failing to restore damages after the hurricane due to a binding contract. Nordstrom has reopened November 9, 2018, the Saks store does not have an official reopening date yet.