Saks Announces August 2010 Comps Up 1%

Saks Incorporated reported net sales of USD 159.3 million for the four weeks ended August 28, 2010, a 0.9% decrease over numbers reported for the same period in 2009. Comparable-store sales (comps) increased 1% during the month. The comps were negatively impacted due to reduced levels of clearance inventory. The increase in comps was positively impacted by strong performance of women's shoes, fine and fashion jewelry, dresses, cosmetics, and women's designer and WEAR apparel. In addition, Saks Direct performed well during the month. Year-to-date (YTD) sales were USD 1,399.5 million, up 5% compared to USD 1,332.3 million in the