Saks October Comps Up 4.1%

Saks
Incorporated announced that for the four weeks ended November 1, 2003 compared to the four weeks ended
November 2, 2002 total sales increased 5.0% and comparable store sales increased 4.1% on a total company basis. By segment, comparable store sales decreased 2.1% for SDSG and increased 14.2% for SFAE for the month.

For the four weeks ended November 1, 2003 compared to the four
weeks ended November 2, 2002, owned sales were:

                               Total      Comparable 

                               Increase   Increase 

          This Year Last Year (Decrease) (Decrease) 

          --------- --------- ---------- ---------- 
SDSG      $ 270.2   $ 274.7     (1.6%)     (2.1%) 
SFAE        193.9     167.1     16.0%      14.2% 

          --------- --------- ---------- ---------- 
Total     $ 464.1   $ 441.8     5.0%       4.1% 

	   For the quarter ended November 1, 2003 compared to the quarter
ended November 2, 2002, owned sales were:


*T
                                                Total       Comparable
                  This Year     Last Year      Increase      Increase
                  ---------     ---------     ----------    ----------
SDSG              $  862.2      $  837.3         3.0%           1.8%
SFAE                 595.1         560.3         6.2%           5.0%
                  ---------     ---------     ----------    ----------
Total             $1,457.3      $1,397.6         4.3%           3.1%

On a year-to-date basis, for the nine months ended November 1, 2003 compared to the nine months ended November 2, 2002, owned sales were: 

                                                            Comparable
                                                Total        Increase
                  This Year     Last Year      Increase     (Decrease)
                  ---------     ---------     ----------    ----------
SDSG              $2,403.9      $2,402.5         0.1%          (0.9%)
SFAE               1,652.0       1,639.9         0.7%           0.5%
                  ---------     ---------     ----------    ----------
Total             $4,055.9      $4,042.4         0.3%          (0.3%)

Merchandise categories with the best sales performances for SDSG in October were dresses, furniture and hard home, cosmetics, intimate apparel, and women's moderate apparel. Categories with softer sales performances for SDSG in October were outerwear, children's apparel, and men's sportswear. Categories with the best sales performances for SFAE in October were jewelry, cosmetics and fragrances, women's “gold range” apparel, women's contemporary sportswear, women's European and American designer collections, designer eveningwear, shoes, and handbags. Categories with the softest performances for SFAE in October were women's designer sportswear, children's apparel, and outerwear.