Saks OFF 5TH to open 5 new stores in 2012

NEW YORK, Aug. 29, 2011 -- /PRNewswire/ -- Saks Incorporated's Saks Fifth Avenue OFF 5TH announced that it will continue to expand the company's store portfolio with addition of five new stores planned for 2012. This expansion is part of a long term growth opportunity for Saks Fifth Avenue OFF 5TH. The new stores will be located in upscale outlet, lifestyle, or strip centers, and each store will be designed in OFF 5TH's unique "luxury in a loft" format.

"There are numerous opportunities for new OFF 5TH stores throughout the country.  We will carefully weigh our options and open in select new markets that we believe have the greatest demand for our distinct merchandise offerings.  The further expansion of Saks Fifth Avenue OFF 5TH is an exciting step for us," stated Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH.

Five new stores are slated to open in 2012. The new locations will include outlets in Merrimack, NH, Syracuse, NY, Livermore, CA, Grand Prairie, TX, and Nashville, TN. The Merrimack store will be the first Saks Fifth Avenue OFF 5TH in New Hampshire, and the store in Nashville will be a replacement store for the one lost in the 2010 flood in Tennessee.

"We look forward to being a part of the Nashville community again, and we are delighted to bring our stores to customers in the new markets," noted Wallstrom.  The company recently opened new Saks Fifth Avenue OFF 5TH stores in Kansas City, KS and Oklahoma City, OK and plans to open stores in Charleston, SC, Northbrook, IL, and Sugar Land, TX (replacement store) later this year.

The stores will feature an open air loft-like environment and will range from 25,000 to 28,000 square feet. The layout offers maximized efficiency and flexibility, enabling easy change. The space will be bright, uncluttered with no hard aisles. All fixtures will be on casters, ensuring easy movement and all hardware will be interchangeable between fixtures.  Since its debut in 2008, this innovative store design has been well received and set a new standard in off price shopping.

An impressive array of the best designer names in sportswear, handbags, shoes and more including an expanded assortment of fine jewelry and a newly launched beauty department will be available at the new stores.  Shoppers will have the opportunity to purchase premier products at affordable prices. Each product category will have its own designated area within the store allowing shoppers to easily find what they are looking for.

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