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Press release from Business Wire

Saks Fifth Avenue OFF 5TH Opens Store in Aventura, Florida

Tuesday, September 17, 2013

Saks Fifth Avenue OFF 5TH Opens Store in Aventura, Florida

09:00 EDT Tuesday, September 17, 2013

NEW YORK (Business Wire) -- Saks Fifth Avenue OFF 5TH announced today that it plans to open a new store in Aventura, Florida with the grand opening celebration starting on Friday, September 20, 2013. The store will be located in Town Center Aventura developed in partnership with Turnberry Media and will be the third Saks Fifth Avenue OFF 5TH location in Miami. With over 800 name brands and the latest covet-worthy sportswear, handbags, fine jewelry, Saks Fifth Avenue OFF 5TH's 28,000 square foot boutique-style space is the destination for a sophisticated shopping experience at an exceptional price.

“Miami, Florida is a great market for Saks Fifth Avenue OFF 5TH, where we have many loyal customers. We believe the opening of our new store at the Town Center of Aventura, will quickly become a premier destination for shoppers in this vibrant market,” noted Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH . “Our new store will allow us to better showcase our unique product, great service and extraordinary savings.”

The modern and uncluttered layout includes an open floor plan, moveable fixtures and bright lighting. Customers will have access to a distinctive assortment of designer and contemporary brands available at outlet prices, including women's and men's apparel, jewelry, handbags, shoes and children's collections. Women will find the season's most sought-after women's wear trends such as bold prints, biker jackets, tailored skirts and fall statement pieces. Men will find a wide range of designer brands ranging from sportswear, contemporary to formalwear. Shoppers will also be able to find a large assortment of fine jewelry items by top designers ranging from diamond tennis bracelets to sapphire earrings to glamorous emerald necklaces.

In celebration of the opening, Saks Fifth Avenue OFF 5TH will host a private preview party the night of Thursday, September 19 with speeches from the executives of Saks OFF 5TH and Aventura elected officials. Guests will enjoy music, cocktails, hors d'oeuvres, complimentary valet parking and receive gift with purchases. Shoppers will also get the chance to win a $1000 shopping spree. Additionally, 5% of the evening's proceeds will benefit Dress for Success® Miami, a non-profit that promotes the economic independence of disadvantaged women by providing professional attire, a network of support and career development tools.

“We are excited that Dress for Success Miami has been selected as the charity partner for the new Saks Fifth Avenue OFF 5TH store in Aventura. We know that this is just the beginning of a long relationship where we can mutually benefit and support many more in Miami," stated Sonia Jacobson, Founder of Suited for Success and Executive Director Dress for Success Miami.

Throughout the opening weekend, shoppers will be able to enjoy special promotions including buy one get one free men's suits and additional discounts on men's and women's ready-to-wear, shoes, jewelry, sunglasses, handbags and watches.

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 69 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.

About Turnberry Media

Town Center Aventura, located just south of Aventura Mall, is a 187,000 square-foot shopping center currently being transformed into a gathering place where local residents and area visitors can shop, dine and enjoy family-friendly entertainment. Formerly Loehmann's Fashion Island, Town Center Aventura's new architectural design features high, dramatic facades, lush landscaping, beautiful streetscapes, and Town Center Park with its gazebo for afternoon and evening events. Town Center Aventura's grand opening is set for January 2014.

About Dress for Success Miami

Dress for Success Miami promotes the economic 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. Through its dedicated services and programs Dress for Success addresses every phase of a woman's career—from being unemployed and searching, to recently employed and adjusting, to gainfully employed and succeeding. Our programs transition women towards self-sufficiency by addressing their social and economic needs in relation to work, home and community. Each woman is a success story: she has gone from unemployment to economic independence. Since 1994, Dress for Success Miami has assisted over 30,000 reentering the workforce. For more information, visit www.dfsmiami.org.

Saks Fifth Avenue OFF 5TH
Jenny Dong, 212-451-1931
PR Specialist
Jenny_Dong@s5a.com
or
Molly Ellingson, 212-320-4719
Director Marketing
Molly_Ellingson@s5a.com
or
Julia Bentley, 865-981-6243
SVP Investor Relations
Julia_Bentley@saksinc.com

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