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Press release from Business Wire

Saks Incorporated Announces June Comparable Store Sales

Thursday, July 07, 2011

Saks Incorporated Announces June Comparable Store Sales08:30 EDT Thursday, July 07, 2011 NEW YORK (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $258.6 million for the five weeks ended July 2, 2011 compared to $237.9 million for the five weeks ended July 3, 2010, an 8.7% increase. Comparable store sales increased 11.9% for the month. On a quarter-to-date basis, for the two months ended July 2, 2011, owned sales totaled $467.1 million compared to $415.5 million for the prior year two months ended July 3, 2010, a 12.4% increase. Comparable store sales increased 15.5% for the two months. On a year-to-date basis, for the five months ended July 2, 2011, owned sales totaled $1,180.8 million compared to $1,072.3 million for the prior year five months ended July 3, 2010, a 10.1% increase. Comparable store sales increased 12.3% for the five months. For June, the strongest categories at Saks Fifth Avenue stores included women's shoes and designer apparel; men's clothing, sportswear, shoes, and accessories; and fine and fashion jewelry. Saks Direct performed well during the month. Saks Incorporated operates 46 Saks Fifth Avenue stores, 57 Saks OFF 5TH stores, and saks.com. Saks IncorporatedJulia Bentley, 865-981-6243www.saksincorporated.com