Company Profile For Saks Incorporated

Saks Incorporated is a fashion retail company offering a range of luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts. The Company’s operations consist of Saks Fifth Avenue (SFA), Saks Fifth Avenue OFF 5TH (OFF 5th) and SFA’s e-commerce operations. SFA stores are freestanding stores in shopping destinations or anchor stores in upscale regional malls. OFF 5th stores are primarily located in upscale mixed-use and off-price centers, and offer luxury apparel, shoes and accessories. As of January 31, 2009, the Company operated 53 SFA stores with a total of approximately 5.9 million square feet and 51 OFF 5th stores with a total of approximately 1.4 million square feet. In January 2009, the Company discontinued the operations of Club Libby Lu (CLL).

BRIEF: For the twenty six weeks ended 1 August 2009, Saks Incorporated's revenues fell 22% to $1.18B. Net loss from continuing operations totaled $59.4M, up from $11.9M. Revenues reflect lower guarantor subsidiaries income. Net loss reflects a rise in depreciation & other amortization, higher store pre-opening costs and a fall in other income. Saks Incorporated is a fashion retail Company offering luxury fashion apparel, shoes, accessories & gifts.