Saks Inc. said that its internal investigation confirmed the results of an earlier audit that one of its Saks Fifth Avenue stores overcharged vendors by millions.

Saks said that next month it plans to make restatements to financial statements from 1999 through the third quarter of 2004. The pricing discrepancies during those years arose from one of Saks' merchandising divisions improperly collecting $26 million in markdown allowances from suppliers, as well as another $8 million in allowances from 1996 to 1998.

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