Saks to Close Saks Fifth Avenue in Stamford, Connecticut

Retailer Saks Incorporated

(“Saks” or the “Company”) today announced that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Connecticut. The store is expected to close in early 2014. Approximately 80 associates are employed in the Stamford store. All affected associates either will be offered transfer opportunities or will receive appropriate employment separation packages. “Store closing decisions are never easy,” continued Sadove. “We are very thankful for our Stamford associates, many of whom have worked with Saks for a number of years. As always, we are committed to providing our associates with needed assistance during this time.”