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Press release from Business Wire

Saks Fifth Avenue OFF 5TH to Open Store in Chandler, Arizona

Friday, March 29, 2013

Saks Fifth Avenue OFF 5TH to Open Store in Chandler, Arizona

14:28 EDT Friday, March 29, 2013

NEW YORK (Business Wire) -- Saks Incorporated's Saks Fifth Avenue OFF 5TH announced today that it plans to open its doors in Chandler, AZ on Thursday, April 4, 2013. The new 28,000-square-foot store is located in Phoenix Premium Outlets, which is opening to the public that day. It is the second Saks Fifth Avenue OFF 5TH outlet facility that will service the Phoenix and Scottsdale area. The new outlet center, owned and operated by Simon Property Group, is part of Wild Horse Pass, within the Gila River Indian Community, which includes hotels, a spa, casino, golf, an equestrian center, fine dining and more.

“We are very happy about the collaboration with Simon and look forward to a continued successful partnership,” stated Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH. “Our team recognizes the opportunity and potential growth in the Phoenix/Scottsdale area and we are very excited to bring designer fashion at great prices to the community.”

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.

Savvy shoppers can find over 800 designer brands at 30% to 70% off comparable retail prices, including women's and men's apparel, fine jewelry, handbags, shoes, and children's collections. Women will find both designer and contemporary merchandise, including spring's most sought-after womenswear trends, from brands such as Free People, French Connection, DVF, James Perse, C&C, Splendid, BCBG Max Azria, Rock Revival and Vigoss, to name a few. A large selection of women's shoes from designers such as Stuart Weitzman, Coach, Ivanka Trump, Kate Spade, Cole Haan, Vince Camuto, Sam Edelman, DV by Dolce Vita and Donald J. Pliner will also be available to shoppers. Men will find great designs by brands such as Affliction, Members Only, Vince, Marc by Marc Jacobs, Robert Graham, Seven for All Mankind, Joes Jeans and True Religion, amongst many others. Additionally, the store will carry a lavish assortment of jewelry and watches including designers such as Roberto Coin, Ippolita, Charriol, Judith Ripka, John Hardy, Slane, Stephen Webster, Saks Fifth Avenue, Bavna, Heidi Daus, Belargo, Stephen Dweck, Adriana Orsini, and Michele.

In celebration of the store's opening, attendees will enjoy additional savings on stylish spring merchandise, and receive a complimentary signature tote with any $50 purchase from Thursday, April 4 to Sunday, April 7. Saks Fifth Avenue OFF 5TH will also treat customers with in-store treats, beverages and goodies. Throughout the opening weekend, customers will be eligible to receive a 3-Months of Fashion pass that offers additional discounts for three months following the opening.

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 65 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
Jenny Dong, 212-451-1931
PR Specialist
Jenny_Dong@s5a.com
or
Molly Ellingson, 212-320-4719
Director Marketing
Molly_Ellingson@s5a.com
or
Saks Incorporated
Julia Bentley, 865-981-6243
SVP Investor Relations
Julia_Bentley@saksinc.com

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