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Press release from Business Wire

Saks Fifth Avenue OFF 5TH Remodels Stores in Milpitas, CA And Grapevine, TX

Friday, May 03, 2013

Saks Fifth Avenue OFF 5TH Remodels Stores in Milpitas, CA And Grapevine, TX

16:18 EDT Friday, May 03, 2013

NEW YORK (Business Wire) -- Saks Fifth Avenue OFF 5TH announced today that it plans to officially unveil its newly remodeled stores in Milpitas, California and Grapevine, Texas on Friday, May 10, 2013. Both stores have been remodeled in Saks Fifth Avenue's innovative “luxury-in-a-loft” store design, which beautifully highlights the merchandise and facilitates easy shopping. The modern and uncluttered layout includes an open floor plan, moveable fixtures and bright lighting.

“We are thrilled to showcase our newly renovated Saks Fifth Avenue OFF 5TH stores in Milpitas and Grapevine. We look forward to offering customers of both communities a deluxe shopping environment with a great selection of designers, the latest fashion and high-quality merchandise at an extraordinary value,” said Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH.

Located in the Milpitas Great Mall, Saks Fifth Avenue OFF 5TH Milpitas is the second store in the San Jose market, with a neighboring location in Gilroy. In Texas, there are three Saks Fifth Avenue OFF 5TH stores in the Dallas market, including Grapevine Mills, with neighboring stores in Grand Prairie and Dallas.

The approximately 27,000 square feet store in Milpitas and 35,000 square feet store in Grapevine both have a distinctive assortment of designer and contemporary brands available at outlet prices, including women's and men's apparel, fine jewelry, handbags, shoes and children's collections. Women will find spring's most sought-after women's wear trends, such as bold colors and prints, maxi skirts and dresses and loosely woven knits. Men will find a wide range of designer brands ranging from sportswear, contemporary to formalwear.

In celebration of the renovated Milpitas and Grapevine stores, Saks Fifth Avenue OFF 5TH has partnered with Style for Hire©, a national network of personal stylists handpicked by Stacy London (the host of TLC's What Not to Wear), to offer in-person consultations and on-demand shopping advice at the stores' launch party on the evening of Thursday, May 9. At the event, certified stylists will deliver a curated presentation on top style trends for spring and summer. Guests will also have the opportunity to win a complimentary shopping appointment with one of the style experts.

"Our expert stylists know all ends of the fashion spectrum, from luxury to bargains. Saks Fifth Avenue OFF 5TH allows us to source high-quality merchandise at surprisingly approachable prices. We're excited to share our style secrets, trend tips and hints for how to flatter every body type with the discerning Saks OFF 5TH customers,” said Tracy Gaillard Pendergast, Market Manager and Personal Stylist.

During the launch party, five percent of Thursday evening's sales will benefit Dress for Success® San Jose and Dallas, a nonprofit organization that promotes the independence of disadvantaged women by providing professional attire, a network of support, and the career development tools to help women thrive in work and in life.

“Dress for Success San Jose is very excited to serve the women in the Silicon Valley in our new office in Milpitas. We look forward to providing career services to help women in San Jose secure employment, sustain their positions and advance their careers,” said Renée Surcouf, Executive Director of Dress for Success San Jose. “We are thrilled to partner with Saks OFF 5TH to help local women improve their lives and in turn, the lives of their family.”

Throughout the weekend, customers will receive a free signature tote with any $50 purchase, 3 Months of Fashion coupons and an opportunity to win up to $500 in FashCash when signing up for the MORE! Loyalty card. Customers at each of the newly remodeled locations will be able to participate in Saks Fifth Avenue OFF 5TH's MORE! Rewards loyalty program. This free program offers weekly discounts, sales and promotions on merchandise at Saks Fifth Avenue OFF 5TH.

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 66 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 5TH
Jenny Dong, 212-451-1931
PR Specialist
Molly Ellingson, 212-320-4719
Director Marketing
Saks Incorporated
Julia Bentley, 865-981-6243
SVP Investor Relations

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