Saks June Comps Climb 6%

Saks Incorporated, for the five weeks ended July 2, 2005 compared to the five weeks ended July 3, 2004, total sales increased 5.0% and comparable store sales increased 6.0% on a total company basis. By segment, comparable store sales increased 5.3% for SDSG and increased 7.0% for SFAE for the month. Sales below are in millions and represent sales from owned departments only.

For the five weeks ended July 2, 2005 compared to the five weeks ended July 3, 2004, owned sales were:

                                             Total         Comparable
         This Year        Last Year        Increase         Increase
         ---------        ---------        --------        ----------
SDSG     $   307.0        $   292.3           5.0%             5.3%
SFAE         239.1            227.8           4.9%             7.0%
         ---------        ---------        --------        ----------
Total    $   546.1        $   520.1           5.0%             6.0%

Merchandise categories with the best sales performances for SDSG in June were intimate apparel, women's moderate sportswear, junior's apparel, children's apparel, and shoes. Categories with the softest sales performances for SDSG in June were dresses, women's suits, men's furnishings, and home. Categories with the best sales performances for SFAE in June were women's and men's contemporary and modern sportswear, women's designer apparel, accessories, and handbags. Categories with the softest performances for SFAE in June were private brand, women's bridge apparel, and designer evening apparel.

On a quarter-to-date basis, for the two months ended July 2, 2005 compared to the two months ended July 3, 2004, owned sales were:

 

                                             Total          Comparable
         This Year         Last Year        Increase         Increase
         ---------         ---------        --------        ----------
SDSG     $   547.8         $   542.3           1.0%            1.6%
SFAE         417.9             409.2           2.1%            4.2%
         ---------         ---------        --------        ----------
Total    $   965.7         $   951.5           1.5%            2.8%

On a year-to-date basis, for the five months ended July 2, 2005 compared to the five months ended July 3, 2004, owned sales were:
 

                                             Total
                                            Increase        Comparable
         This Year         Last Year       (Decrease)        Increase
         ---------         ---------        --------        ----------
SDSG      $1,388.1         $1,396.0          (0.6%)            0.1%
SFAE       1,117.1          1,083.8           3.1%             5.1%
         ---------         ---------        --------        ----------
Total     $2,505.2         $2,479.8           1.0%             2.3%

The Company completed the sale of its Proffitt's/McRae's business to Belk, Inc. effective Midnight on July 2, 2005. Revenues for Proffitt's/McRae's are included above. Proffitt's/McRae's will be excluded from sales reporting beginning in July 2005 (the four weeks ending July 30).