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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.
Saks said it does not comment on rumors or speculation in a statement to Reuters.
Earlier this year, Hudson (NYSE:HUD)’s Bay Co (HBC), the owner of Saks Fifth Avenue, launched the luxury department store’s e-commerce segment as a separate business following investment from U.S. private equity firm Insight Partners in the online business.
The deal valued the Saks e-commerce business, called Saks, at $2 billion, HBC said.
