Saks Incorporated January 2007 comparable store sales increased 11.4% over the prior year. Comparing four-week January periods sales were $182.8 million compared to $161.5 million, a 13.2% increase.

For the current year, the January, fourth quarter, and fiscal year periods ended February 3, 2007 and included five weeks, 14 weeks, and 53 weeks, respectively. For the prior year, the January, fourth quarter, and fiscal year periods ended January 28, 2006 and included four weeks, 13 weeks, and 52 weeks, respectively. Comparable store sales numbers below do not reflect the benefit of the additional week and are based on comparisons of the four weeks, 13 weeks, and 52 weeks ended January 27, 2007 to the prior year comparable periods. The current year January period includes an extra week, creating a 53-week fiscal year that occurs every six years in the accounting cycle for many retailers. Total and comparable store sales for all periods below represent Saks Fifth Avenue (“SFA”) and Club Libby Lu sales only. Sales below are in millions and represent owned departments only.

For the periods ended January 27, 2007 compared to the periods ended
 January 28, 2006, owned sales were:

                                                    Total   Comparable
                               This Year Last Year Increase  Increase
                               --------- --------- -------- ----------
January (4 weeks)              $  182.8  $  161.5     13.2%      11.4%
Fourth quarter (13 weeks)      $  902.0  $  808.2     11.6%       9.9%
Fiscal year (52 weeks)         $2,867.7  $2,750.4      4.3%       4.9%

For the periods ended February 3, 2007 compared to the periods ended
 January 28, 2006, owned sales were:

                                                               Total
                                          This Year Last Year Increase
                                          --------- --------- --------
January (5 weeks TY/4 weeks LY)           $  225.8  $  161.5     39.8%
Fourth quarter (14 weeks TY/13 weeks LY)  $  945.0  $  808.2     16.9%
Fiscal year (53 weeks TY/52 weeks LY)     $2,910.7  $2,750.4      5.8%

For January, SFA generated strong sales performances across most merchandise categories and businesses. Some of the strongest areas in January were women's modern collections and designer apparel, shoes, handbags, fine jewelry, accessories, men's advanced sportswear and accessories, and Off 5th.