Comps

Saks Incorporated reported net sales of USD 159.3 million for the four weeks ended August 28, 2010, a 0.9% decrease over numbers reported for the same period in 2009. Comparable-store sales (comps) increased 1% during the month. The comps were negatively impacted due to reduced levels of clearance inventory. The increase in comps was positively impacted by strong performance of women's shoes, fine and fashion jewelry, dresses, cosmetics, and women's designer and WEAR apparel. In addition, Saks Direct performed well during the month. Year-to-date (YTD) sales were USD 1,399.5 million, up 5% compared to USD 1,332.3 million in the

Comps for Gap North America declined 6% compared to a decline of 9% in the prior year. Comps for Banana Republic North America increased 2% compared to a decline of 7% in the prior year. Old Navy North America reported positive 6% comps as compared to a negative 8% in the prior year. Comps for the international markets increased 3% as compared to a decline of 4% in the prior year.