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Press release from Business Wire

Saks Fifth Avenue OFF 5TH Opens Ninth Texas Location in Grand Prairie

Wednesday, August 15, 2012

Saks Fifth Avenue OFF 5TH Opens Ninth Texas Location in Grand Prairie12:55 EDT Wednesday, August 15, 2012 NEW YORK (Business Wire) -- Saks Fifth Avenue OFF 5TH announced today that it plans to open its doors in Grand Prairie, TX, on Friday, August 17 at the new Paragon Outlets. The 27,548 sq ft store will be the ninth Saks Fifth Avenue OFF 5TH location in Texas, and is one of the first stores to debut at Paragon Outlets, which opened this month in Grand Prairie. “We are thrilled to open Saks Fifth Avenue OFF 5TH's ninth location in Texas at the Paragon Outlets,” noted Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH. “We look forward to bringing the Grand Prairie community top designer merchandise at great prices.” The store will be modeled in 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 merchandise from top designer brands, including St. John, Escada, Donna Karan, Etro, Stella McCartney, Ralph Lauren, and Armani, as well as contemporary options in line with fall's most sought-after trends, like jewel-tones, printed denim, and woven tops, and gorgeous leather, wool, and down topcoats. Jewelry options will include gold, diamond, pearl, and colored pieces from Roberto Coin, John Hardy, Judith Ripka, Lagos, Stephen Webster, Stephen Dweck, Ippolita, Tara Pearls, Nava Zahavi, Michael Kors, Heather Benjami, and Anzie. For men and women, OFF 5TH's premier private labels BLACK Saks Fifth Avenue and GRAY Saks Fifth Avenue, and its Cashmere collection will also be available. The store will offer a selection perfect for children during the back-to-school season, including bold colors, printed denim, and athletic-wear. Saks Fifth Avenue OFF 5TH will celebrate the new store opening with a private party for top customers on Wednesday, August 15 from 6 to 9. The store has partnered with Dallas-based charity Paws in the City, which serves to end animal abuse and neglect in the community, and 10% of sales from the event will be donated to the cause. Guests will be among the first to tour the store's beautiful new facility and preview its fall merchandise. With any purchase, guests will receive a complimentary signature tote. 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 be eligible for “FashCash” worth up to $500 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 64 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 AvenueSophia Brown, PR Director, 212-451-3957Sophia_Brown@s5a.comorAmber Cacali, VP Marketing, 212-320-4783Amber_Cacali@s5a.comorSaks IncorporatedJulia Bentley, SVP Investor Relations, 865-981-6243Julia_Bentley@saksinc.com