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Press release from Business Wire

Saks Incorporated Announces November Comparable Store Sales

Thursday, December 02, 2010

Saks Incorporated Announces November Comparable Store Sales08:30 EST Thursday, December 02, 2010 NEW YORK (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $254.9 million for the four weeks ended November 27, 2010 compared to $245.1 million for the four weeks ended November 28, 2009, a 4.0% increase. Comparable store sales increased 5.3% for the month. On a year-to-date basis, for the ten months ended November 27, 2010, owned sales totaled $2,144.7 million compared to $2,039.4 million for the ten months ended November 28, 2009, a 5.2% increase. Comparable store sales increased 5.5% for the ten months. For November, the strongest categories at Saks Fifth Avenue stores were women's shoes, women's designer and WEAR (bridge) apparel, women's outerwear, fashion jewelry, soft accessories, men's private brand (Saks Fifth Avenue Men's Collection), and men's contemporary sportswear. Saks Direct performed well during the month. Saks Incorporated operates 47 Saks Fifth Avenue stores, 58 Saks OFF 5TH stores, and saks.com. Saks IncorporatedJulia Bentley, 865-981-6243www.saksincorporated.com