Saks Incorporated, through its subsidiaries, operates traditional and luxury departmental stores in the United States. The company Saks Fifth Avenue Enterprises (SFAE) offers luxury fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. As of November 17, 2006, the company operated 54 Saks Fifth Avenue stores, 50 Off 5th stores, and 62 Club Libby Lu specialty stores. Saks Incorporated has a strategic relationship with Roosevelt China Investments Corp. to locate and develop appropriate sites for Saks Fifth Avenue stores within People's Republic of China and Macau. The company was incorporated in 1919 and is headquartered in Birmingham, Alabama.