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Saks Incorporated’s Saks Fifth Avenue OFF 5TH to Launch Online Store on September 30, 2013

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  • Saks Incorporated’s Saks Fifth Avenue OFF 5TH to Launch Online Store on September 30, 2013

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    Saks Incorporated’s Saks Fifth Avenue OFF 5TH to Launch Online Store on September 30, 2013 Press Release : Saks Incorporated – 19 hours ago
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    RELATED QUOTES Symbol Price Change SKS 15.94
    watches NEW YORK--(BUSINESS WIRE)--
    Saks Incorporated’s ( SKS ) Saks Fifth Avenue OFF 5TH, a premier
    destination for top designer shopping at extraordinary prices, is proud
    to announce the highly anticipated launch of its online store, on Monday, September 30. With up to 55% off year-round,
    Saks OFF 5TH offers carefully curated, off-the-runway trends,
    exceptional service, and unbelievable savings—now available anytime,
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    “This is a significant milestone for Saks OFF 5TH as the company rounds
    out our omni-channel offerings. In addition to our 70 nationwide stores,
    the e-commerce site is yet another platform through which we can provide
    our curated off-price shopping experience. We want it to be the Saks of
    the off price world, a true extension of the brand,” said Robert
    Wallstrom, President of Saks Fifth Avenue OFF 5TH.
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    “We designed the site to be a sleek, modern online reflection of the
    elevated design of the OFF 5TH stores with a strong value message. We
    think it will become a best in class off price fashion destination
    online,” said Michael Burgess, President of Saks Direct.
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    Along with our expanding base of stores, customers can now shop 24 hours
    a day—with round-the-clock assistance from our customer care team.
    Mobile and tablet enhancements for shopping will be part of the
    evolution of the site interface.
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    Saks OFF 5TH online will offer the same great men’s and women’s
    collections as in-store. Shoppers can discover our expanded collections
    of new designer labels, the latest fashion and trends, and high-quality
    merchandise at an extraordinary value ranging from men’s and women’s
    ready-to-wear, footwear, handbags, accessories, jewelry, watches and
    Online customers will have visibility and accessibility to shop all of
    the top designer brands that may have limited distribution and only in
    select stores nationwide. Additionally, the e-commerce site will offer
    customer’s access to Salon Z, a plus size women’s program not available
    in all stores.
    The site is designed to reflect the experience of in-store shopping and
    modeled after the loft like, bright, open atmosphere of Saks OFF 5TH
    stores. The online store will be best in class with superior
    functionality. Customers will have more control over their filter
    options, they will be able to hover over product images animated through
    multiple views of the item, and full-screen zoom is available for all
    products, among other innovative features.
    Online promotions for will mirror in-store promotions
    with new product offerings daily. There will also be the specialized
    offers and exclusive merchandise for top customers to enjoy.
    Additionally, the site will include FashionFix events, which will
    migrate from to FashionFix is an additional
    space that provides exceptional deals on non-outlet premier designer
    products through curated flash sales.
    Customers will also be able to sign up for emails to learn about current
    promotions, in store events and connect to social media channels, i.e.
    Facebook, Twitter, Instagram and Pinterest.
    The Saks OFF 5TH More! Program will be offered on the e-commerce site.
    It is a free membership that gives customers access to additional
    savings in stores and online. Members will receive advance notice of
    special events, special coupons and invitations to private sales.
    During the launch all shoppers of will receive free
    shipping on all orders during a limited introductory period. SaksFirst
    members will be honored with free shipping on all orders, all of the
    time. Other services on the site include shipment tracking, SaksFirst
    Card management and the opportunity to purchase and redeem gift cards.
    About Saks Incorporated and Saks Fifth Avenue
    OFF 5TH
    Saks Incorporated currently operates 41 Saks Fifth Avenue stores, 70
    Saks Fifth Avenue OFF 5TH stores, and .
    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 70 nationwide stores and online store, ,
    combine the two great joys of shopping: the delight of discovering the
    very best and the thrill of the deal. A carefully curated off-priced
    shopping experience, we feature highly coveted designers alongside
    exclusive Saks brands you won’t find anywhere else, all in a
    luxury-in-a-loft environment. Saks Fifth Avenue OFF 5TH simply offers
    more style, more savings and more service than any other value retailer.
    Forward-looking Information
    The information contained in this press release that addresses future
    results or expectations is considered “forward-looking” information
    within the definition of the Federal securities laws. Forward-looking
    information in this document can be identified through the use of words
    such as “may,” “will,” “intend,” “plan,” “project,” “expect,”
    “anticipate,” “should,” “would,” “believe,” “estimate,” “contemplate,”
    “possible,” and “point.” The forward-looking information is premised on
    many factors, some of which are outlined below. Actual
    consolidated results might differ materially from projected
    forward-looking information.
    The forward-looking information and statements are or may be based on
    a series of projections and estimates and involve risks and
    uncertainties. These risks and uncertainties include such factors
    as: the level of consumer spending for luxury apparel and other
    merchandise carried by the Company and its ability to respond quickly to
    consumer trends; macroeconomic conditions and their effect on consumer
    spending; the Company’s ability to secure adequate financing; adequate
    and stable sources of merchandise; the competitive pricing environment
    within the retail sector; the effectiveness of planned advertising,
    marketing, and promotional campaigns; favorable customer response to
    relationship marketing efforts of proprietary credit card loyalty
    programs; appropriate inventory management; effective expense control;
    successful operation of the Company’s proprietary credit card strategic
    alliance with Capital One Financial Corporation; geo-political
    risks; weather conditions and natural disasters; the performance of the
    financial markets; changes in interest rates; and fluctuations in
    foreign currency and exchange rates. For additional information
    regarding these and other risk factors, please refer to the Company’s
    filings with the SEC, including its Annual Report on Form 10-K for the
    fiscal year ended February 2, 2013, its Quarterly Reports on Form 10-Q,
    and its Current Reports on Form 8-K, which may be accessed via the
    Internet at .
    The Company undertakes no obligation to correct or update any
    forward-looking statements, whether as a result of new information,
    future events, or otherwise.

    Saks Fifth Avenue OFF 5TH
    Jenny Dong, 212-451-1931
    PR Specialist
    [email protected]
    Molly Ellingson, 212-320-4719
    Director Marketing
    [email protected]
    Julia Bentley, 865-981-6243
    SVP Investor Relations
    [email protected]

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