Saks Fifth Avenue e-commerce unit said to be aiming for IPO at $6 bln valuation

​The e-commerce business of luxury department store Saks Fifth Avenue is preparing for an initial public offering and targeting a $6 billion valuation, the Wall Street Journal reported Sunday, citing sources.

The company is interviewing potential underwriters this week for an IPO that could take place in the first half of next year, according to the report.