Saks Sales Comparable Sales Increase 4.7%

Sales SKS comparable sales increase 4.7% For the current and prior year second quarters and six months ended July 28, 2012 and July 30, 2011, respectively, the Company's two convertible debt instruments were not dilutive; therefore, the applicable shares (approximately 40.9 million) were not added to the weighted average shares outstanding and the applicable after-tax interest expense (approximately $4.2 million per quarter) was not added to net income for the fully diluted earnings per share calculation. Consistent with many other retail companies, Saks will no longer report monthly comparable store sales results on a go-forward basis.