The operations of Saks Incorporated, a Tennessee corporation first incorporated
in 1919, and its subsidiaries (collectively, �we�, �us�, and �our�) consist of
Saks Fifth Avenue (�SFA�) stores and SFA�s e-commerce operations (�Saks Direct�)
as well as Saks Fifth Avenue OFF 5TH (�OFF 5TH�) stores.
We are an omni-channel luxury retailer offering a wide assortment of distinctive
fashion apparel, shoes, accessories, jewelry, cosmetics, and gifts. SFA stores
are primarily free-standing stores in premier shopping destinations or anchor
stores in upscale regional malls. Customers may also purchase SFA products
online at saks.com or by catalog. OFF 5TH is a luxury off-price retailer. OFF
5TH stores are primarily located in upscale mixed-use and off-price centers and
offer luxury apparel, shoes, and accessories, targeting the value-conscious
customer. As of February 2, 2013, we operated 43 SFA stores with a total of
5.3 million square feet and 65 OFF 5TH stores with a total of 1.