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The explosion of identity theft has hit one of the world's premier luxury department stores.Five people have been indicted in a scheme to use stolen personal information from Saks Fifth Avenue customers to buy hundreds of thousands of dollars-worth of high-end handbags and shoes from the Manhattan flagship store that were later resold on the black market or returned for a store credit.Most of the theft involved designer brands like Christian Louboutin, YSL and Givenchy purchased from the Saks shoe floor, so famous it has its own zip code."American consumers have never been at greater risk from commercial retail fraud and theft," said James Hayes, special agent in charge of Homeland Security Investigations' New York field office.
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