Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 60 Saks Fifth Avenue stores and 53 Saks Off 5th stores. The Company also operates its Saks Department Store Group (SDSG) with 241 department stores under the names of Parisian, Proffitt's, McRae's, Younkers, Herberger's, Carson Pirie Scott, Bergner's, and Boston Store 

Saks Incorporated Announces Results for the Fourth Quarter and Fiscal Year Ended February 2, 2008
- Comparable store sales growth of 11.7%, gross margin rate improvement, and expense leverage drive significant improved performance for the fiscal year -
- Company also provides outlook for 2008 -
NEW YORK--(BUSINESS WIRE)--March 5, 2008--Retailer Saks Incorporated (NYSE: SKS) ("Saks" or the "Company") today announced results for the fourth quarter and fiscal year ended February 2, 2008.
The Company sold its Saks Department Store Group ("SDSG") businesses in 2005 and 2006, and the sold SDSG businesses are presented as "discontinued operations" in the prior year period. Saks Fifth Avenue ("SFA") and Club Libby Lu are reflected in the Company's continuing operations.
Overview of Fourth Quarter Results
Saks recorded net income of $39.5 million, or $.26 per share, for the fourth quarter ended February 2, 2008.
The fourth quarter included the following after-tax items totaling a net gain of $10.4 million, or $.07 per share:
    --  expenses of approximately $1.9 million for retention,  severance, and transition costs related to the Company's    downsizing and consolidation following the disposition of its  SDSG businesses,
    --  charges of $0.4 million related to asset impairments and   dispositions,
    --  a gain of $8.1 million associated with proceeds from an    insurance settlement related to the New Orleans store, which   was destroyed in the aftermath of hurricane Katrina,
    --  a net gain of $1.6 million related to an Off 5th store closing  and the sale of an unused support facility, and
    --  a $3.0 million state income tax valuation adjustment (credit).
For the prior year fourth quarter ended February 3, 2007, the Company recorded income from continuing operations of $21.6 million, or $.14 per share. After recognition of the Company's after-tax loss from discontinued operations of $0.1 million, or $.00 per share, net income totaled $21.5 million, or $.14 per share, in last year's fourth quarter. The prior year fourth quarter included the following after-tax items totaling net charges of $6.9 million, or $.05 per share:
    --  expenses of approximately $10.0 million for retention,  severance, and transition costs,
    --  an $8.2 million non-cash charge related to the treatment under   Financial Accounting Standard 123(r) ("FAS 123(r)") of the anti-dilutive adjustment made to outstanding options resulting  from the Company's $4 per share dividend paid in the fourth  quarter,
    --  net charges of $2.7 million primarily related to asset  impairments and dispositions,
    --  expenses of approximately $1.4 million for legal and other
        costs associated with the previously disclosed investigation  by the Securities and Exchange Commission ("SEC") (which has
        been concluded) and the investigation by the Office of the   United States Attorney for the Southern District of New York,
    --  income of approximately $14.4 million primarily due to the  favorable conclusion of certain tax examinations and the   adjustment of certain tax valuation allowances, and
    --  an insurance deductible adjustment (credit) of $1.0 million       related to the New Orleans store.

Saks Incorporated Announces August Comparable Store Sales Increase of 18.2%
NEW YORK--(BUSINESS WIRE)--Sept. 6, 2007--Retailer Saks Incorporated (NYSE: SKS) (the "Company") today announced that owned sales totaled $213.5 million for the four weeks ended September 1, 2007 compared to $178.2 million for the four weeks ended August 26, 2006, a 19.9% increase. Comparable store sales increased 18.2% for the four-week period.
On a year-to-date basis, for the seven months ended September 1, 2007, owned sales totaled $1,687.2 million compared to $1,452.6 million for the seven months ended August 26, 2006, a 16.1% increase. Comparable store sales increased 14.4% for the seven-month period.
For August, nearly all merchandise categories at Saks Fifth Avenue performed well. The strongest categories for the month were women's shoes; handbags; men's apparel, accessories, and shoes; women's designer apparel and modern collections; and fine jewelry. Saks Direct and Off 5th also performed well for the month.
As previously disclosed, management expects comparable store sales growth of high-single digits in the aggregate for the fall season. The Company previously disclosed that, due to the retail calendar shift and promotional adjustments, it expected to see outsized comparable store sales growth in August and expects to see outsized comparable store sales growth in September and November and below-average comparable store sales growth in October and December.
Saks Incorporated currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 49 Saks Off 5th stores, and saks.com. The Company also operates Club Libby Lu specialty stores.

Saks Incorporated Announces Results for the Second Quarter and Six Months Ended August 4, 2007
Comparable Store Sales Growth of 13.2%, Gross Margin Rate Expansion, and Expense Leverage Drive Improved Operating Performance for the Quarter
NEW YORK--(BUSINESS WIRE)--Aug. 21, 2007--Retailer Saks Incorporated (NYSE: SKS) ("Saks" or the "Company") today announced results for the second quarter and six months ended August 4, 2007.
The Company sold its Saks Department Store Group ("SDSG") businesses in 2005 and 2006, and the sold SDSG businesses are presented as "discontinued operations" in the prior year period. Saks Fifth Avenue ("SFA") and Club Libby Lu are reflected in the Company's continuing operations.
Overview of Second Quarter Results
Saks Incorporated recorded a net loss of $24.6 million, or $.17 per share, for the second quarter ended August 4, 2007.
The second quarter included the following after-tax items totaling $4.3 million, or $.03 per share:
-- expenses of approximately $2.0 million for retention, severance, and transition costs related to the Company's downsizing and consolidation following the disposition of its SDSG businesses,
-- $2.0 million related to asset impairments and dispositions, and
-- a loss on extinguishment of debt totaling $0.2 million related to the repurchase of $10.4 million of senior notes.
For the prior year second quarter ended July 29, 2006, the Company recorded a loss from continuing operations of $53.1 million, or $.39 per share. After recognition of the Company's after-tax gain from discontinued operations of $1.2 million, or $.01 per share, the net loss totaled $51.9 million, or $.38 per share, for the prior year second quarter. The prior year second quarter included the following after-tax items totaling $18.1 million, or $.13 per share:
-- a $12.8 million non-cash charge related to the treatment under Financial Accounting Standard 123r ("FAS 123r") of the anti-dilution adjustment made to outstanding options related to the Company's $4 per share dividend paid in May 2006,
-- expenses of approximately $3.7 million for retention, severance, and transition costs,
-- expenses of approximately $0.8 million associated with the previously disclosed ongoing investigations by the Securities and Exchange Commission and the Office of the United States Attorney for the Southern District of New York, and
-- $0.8 million related to asset impairments and dispositions.
Overview of Results for the Six Months
Saks Incorporated recorded a net loss of $13.6 million, or $.10 per share, for the six months ended August 4, 2007.
The six months included the following after-tax items totaling $22.2 million, or $.16 per share:
-- expenses of approximately $15.6 million for retention, severance, and transition costs,
-- a loss on extinguishment of debt totaling $3.4 million related to the repurchase of $106.3 million of senior notes,
-- $2.2 million related to asset impairments and dispositions, and
-- expenses of approximately $1.0 million associated with the ongoing investigations.
For the prior year six months ended July 29, 2006, the Company recorded a loss from continuing operations of $41.4 million, or $.31 per share. After recognition of the Company's after-tax gain from discontinued operations of $67.5 million, or $.50 per share, net income totaled $26.0 million, or $.19 per share, for the prior year six months. The prior year six months included the following after-tax items netting $23.1 million, or $.17 per share:
-- a $12.8 million non-cash charge related to FAS 123r,
-- expenses of approximately $7.6 million for retention, severance, and transition costs,
-- $3.4 million primarily related to asset impairments and dispositions,
-- expenses of approximately $1.8 million associated with the ongoing investigations, and
-- income of approximately $2.5 million due to the favorable conclusion of certain tax examinations.

Saks Incorporated Announces June Comparable Store Sales Results
Combined May/June comparable store sales increased 12.5%
NEW YORK--(BUSINESS WIRE)--July 12, 2007--Retailer Saks Incorporated (NYSE: SKS) (the "Company") today announced that owned sales totaled $237.6 million for the five weeks ended July 7, 2007 compared to $247.3 million for the five weeks ended July 1, 2006, a 3.9% decrease. Comparable store sales decreased 5.6% for the five-week period. As previously disclosed, May comparable store sales were positively impacted by a promotional calendar shift, and consequently, management expected that June comparable store sales would be negative.
On a quarter-to-date basis, for the two months ended July 7, 2007, owned sales totaled $486.5 million compared to $425.8 million for the two months ended July 1, 2006, a 14.3% increase. Comparable store sales increased 12.5% for the two months combined. Management continues to expect low-double digit comparable store sales growth for the second fiscal quarter.
On a year-to-date basis, for the five months ended July 7, 2007, owned sales totaled $1,272.1 million compared to $1,102.2 million for the five months ended July 1, 2006, a 15.4% increase. Comparable store sales increased 13.7% for the five-month period.
For June, the strongest categories at Saks Fifth Avenue stores were men's apparel, accessories, and shoes; women's contemporary and designer sportswear; handbags; and fragrances. The softest categories at Saks Fifth Avenue were jewelry and women's modern bridge apparel. Saks Direct and Saks Off 5th performed well for the month.
Saks Incorporated currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 49 Saks Off 5th stores, and saks.com. The Company also operates Club Libby Lu specialty stores.