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Press release from Business Wire

Saks Fifth Avenue OFF 5TH Store Opening in Syracuse

Wednesday, June 20, 2012

Saks Fifth Avenue OFF 5TH Store Opening in Syracuse12:47 EDT Wednesday, June 20, 2012 NEW YORK (Business Wire) -- Saks Fifth Avenue OFF 5TH announced today that it plans to open its doors in Syracuse's Carousel Center on Thursday, June 21. The 24,962 square foot space will be situated in the Shopping Center's new expansion called Destiny USA, which is the largest LEED® Certified commercial retail project in the country. The Carousel Center is located in the geographical center of New York State, and has a collection of nearly 200 retail and outlet stores, a movie theatre, five restaurants, a food court, a race track and bowling center, and indoor carousel. “We look forward to debuting Saks Fifth Avenue OFF 5TH's fresh assortment of top designer brands to the heart of New York State,” noted Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH. “For our launch, we are proud to partner with Say Yes to Education, to support students in the local community.” The new store will feature Saks Fifth Avenue OFF 5TH's innovative ‘luxury-in-a-loft' store design, a novel layout that has been well received and set a new standard in outlet shopping. This design maximizes efficiency and flexibility, enabling easy changes in the general layout. The store will be bright, uncluttered, with no hard aisles and one consistent hard-surface floor throughout. All fixtures will be on casters, ensuring ease in movement, and all hardware will be interchangeable between fixtures. A distinctive assortment of brands will be available at outlet prices in the new store, including women's and men's apparel, fine jewelry, and children's collections. Women will find both designer and contemporary merchandise, with summer's most sought-after womenswear trends, such as bold colors and prints, maxi skirts and dresses, and loosely woven knits. Shoppers can choose from a selection of items by leading women's designer brands, including Stella McCartney, St. John, Donna Karan, Escada, and Michael Kors, as well as Black Label and Threads by Saks Fifth Avenue OFF 5TH. Men can shop from an assortment of classic sportswear and contemporary brands, including Hugo Boss, Fred Perry, Robert Graham, Michael Kors, Affliction, Members Only, Marc by Marc Jacobs, Vince, and John Varvatos; a variety of menswear denim options, such as True Religion, 7 for All Mankind, Joe's Jeans, Levi's, and Hudson, and a shoe selection from John Varvatos Star USA, To Boot New York, and Cole Haan, will also be available. For children, the store will offer a range of fun pieces for the summer, including bright colors, prints, and sportswear. The Saks Fifth Avenue OFF 5TH location will additionally provide customers with luxury Jewelry brands, such as Roberto Coin, Penny Preville, John Hardy, Judith Ripka, Stephen Webster, Elizabeth and James, Ippolita, Alexis Bittar, Tara Pears, Saks Fifth Avenue, and Nava Zahavi, which will include a selection 18 and 14 karat gold, diamond, precious, semi precious, and pearl options. In celebration of the store's grand opening, Saks Fifth Avenue OFF 5TH will be hosting a private event for its loyal customers on Wednesday, June 20 from 6 to 9, at which BC Restaurant, located in Armory Square, will be serving a selection of its famed dishes, including caprese skewers, lobster puffs, risotto balls, asparagus and prosciutto, and cheese tarts. Attendees will enjoy an exclusive preview of the summer OFF 5TH assortment and receive a complimentary signature tote with any purchase. Additionally, 5% of sales throughout the evening will be donated to Say Yes to Education, a charity dedicated to improving inner-city graduation rates throughout the nation; its largest chapter is based locally in Syracuse. Continuing with celebrations through the weekend, Saks Fifth Avenue OFF 5TH shoppers will also receive a complimentary signature tote with a purchase of $50 or more, and all customers will receive 30% off any purchase by signing up for the Saks Fifth Avenue OFF 5TH MORE! Rewards loyalty program. This program offers weekly discounts, sales and promotions on merchandise throughout the store. About Saks Fifth Avenue OFF 5TH Saks Fifth Avenue OFF 5TH is a world-class, full-service destination for value-priced clothes and accessories for men, women, children and the home. The retailer's 63 stores combine the two great joys of shopping: the delight of finding the very best and the thrill of the deal. Highly coveted designers are displayed alongside exclusive Saks brands you won't find anywhere else, all in a luxury-in-a-loft environment that can showcase an emerging trend one day and a great deal the next. Saks Fifth Avenue OFF 5TH simply offers more style, more savings and more service than any other value retailer. Saks Fifth Avenue OFF 5THSophia Brown, 212-451-3957PR DirectorSophia_Brown@s5a.comorAmber Cacali, 212-320-4783VP MarketingAmber_Cacali@s5a.comorJulia Bentley, 865-981-6243SVP Investor RelationsJulia_Bentley@saksinc.com