Saks Incorporated Announces June Comparable Store Sales +11.9%

Retailer Saks Incorporated SKS today announced that owned sales totaled $258.6 million for the five weeks ended July 2, 2011 compared to $237.9 million for the five weeks ended July 3, 2010, an 8.7% increase. Comparable store sales increased 11.9% for the month. On a quarter-to-date basis, for the two months ended July 2, 2011, owned sales totaled $467.1 million compared to $415.5 million for the prior year two months ended July 3, 2010, a 12.4% increase. Comparable store sales increased 15.5% for the two months. On a year-to-date basis, for the five months ended July 2, 2011, owned sales totaled $1,180.8 million compared to $1,072.3 million for the prior year five months ended July 3, 2010, a 10.1% increase. Comparable store sales increased 12.3% for the five months.