Saks February Comps Increase 3.5%

Saks Incorporated, for the four weeks ended February 26, 2005 compared to the four weeks ended February 28, 2004, total sales increased 2.6% and comparable store sales increased 3.5% on a total company basis. By segment, comparable store sales increased 0.9% for SDSG and increased 7.1% for SFAE for the month. Sales below are in millions and represent sales from owned departments only.

For the four weeks ended February 26, 2005 compared to the four weeks ended February 28, 2004, owned sales were:

 

                                              Total        Comparable
                    This Year    Last Year   Increase       Increase
                    ----------  ----------  -----------  -------------
SDSG                $   249.0   $   247.2         0.7%           0.9%
SFAE                    188.2       178.9         5.2%           7.1%
                    ----------  ----------  -----------  -------------
Total               $   437.2   $   426.1         2.6%           3.5%

Merchandise categories with the best sales performances for SDSG in February were children’s apparel, hard home, furniture, women’s better sportswear, and women’s large size sportswear. Categories with the softest sales performances for SDSG in February were cosmetics, men’s furnishings, soft home, and accessories. Categories with the best sales performances for SFAE in February were women’s contemporary apparel, women’s designer apparel, men’s contemporary sportswear, jewelry, and accessories. Categories with the softest performances for SFAE in February were private brand, women’s bridge apparel, outerwear, and Salon Z