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Press release from Business Wire

Saks Incorporated Announces May Comparable Store Sales

Thursday, May 31, 2012

Saks Incorporated Announces May Comparable Store Sales08:30 EDT Thursday, May 31, 2012 NEW YORK (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $215.8 million for the four weeks ended May 26, 2012 compared to $208.2 million for the four weeks ended May 28, 2011, a 3.7% increase. Comparable store sales increased 4.0% for the month. For May, the strongest categories included women's contemporary and WEAR NOW apparel, women's shoes, fashion and fine jewelry, cosmetics and fragrances, men's contemporary apparel, and men's shoes. For the four months ended May 26, 2012, owned sales totaled $959.7 million compared to $921.8 million for the prior year four months ended May 28, 2011, a 4.1% increase. Comparable store sales increased 4.6% for the four months. Saks Incorporated operates 45 Saks Fifth Avenue stores, 61 Saks OFF 5TH stores, and saks.com. Saks Fifth Avenue is proud to be named a J.D. Power and Associates 2012 Customer Service Champion and is only one of 50 U.S. companies so named. Saks IncorporatedJulia Bentley, 865-981-6243www.saksincorporated.com