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Press release from Business Wire

Saks Incorporated Announces September Comparable Store Sales

Thursday, October 07, 2010

Saks Incorporated Announces September Comparable Store Sales08:30 EDT Thursday, October 07, 2010 NEW YORK (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $256.4 million for the five weeks ended October 2, 2010 compared to $242.2 million for the five weeks ended October 3, 2009, a 5.9% increase. Comparable store sales increased 6.5% for the month. On a quarter-to-date basis, for the two months ended October 2, 2010, owned sales totaled $415.6 million compared to $402.9 million for the two months ended October 3, 2009, a 3.2% increase. Comparable store sales increased 4.3% for the two months. On a year-to-date basis, for the eight months ended October 2, 2010, owned sales totaled $1,655.8 million compared to $1,574.4 million for the eight months ended October 3, 2009, a 5.2% increase. Comparable store sales increased 5.1% for the eight months. For September, the strongest categories at Saks Fifth Avenue stores were women's shoes; fashion jewelry; dresses; women's designer apparel; and men's clothing, sportswear, and accessories. Saks Direct performed well during the month. Saks Incorporated operates 49 Saks Fifth Avenue stores, 56 Saks OFF 5TH stores, and saks.com.