Saks Incorporated’s (NYSE: SKS) Saks Fifth Avenue OFF 5TH, a
premier destination for top designer shopping at extraordinary
prices, is proud to announce the highly anticipated launch of its
online store, saksoff5th.com on Monday, September 30. With up to
55% off year-round, Saks OFF 5TH offers carefully curated,
off-the-runway trends, exceptional service, and unbelievable
savings—now available anytime, anywhere.
“This is a significant milestone for Saks OFF 5TH as the company
rounds out our omni-channel offerings. In addition to our 70
nationwide stores, the e-commerce site is yet another platform
through which we can provide our curated off-price shopping
experience. We want it to be the Saks of the off price world, a
true extension of the brand,” said Robert Wallstrom, President of
Saks Fifth Avenue OFF 5TH.
“We designed the site to be a sleek, modern online reflection of
the elevated design of the OFF 5TH stores with a strong value
message. We think it will become a best in class off price fashion
destination online,” said Michael Burgess, President of Saks
Direct.
Along with our expanding base of stores, customers can now shop
24 hours a day—with round-the-clock assistance from our customer
care team. Mobile and tablet enhancements for shopping will be part
of the evolution of the site interface.
Saks OFF 5TH online will offer the same great men’s and women’s
collections as in-store. Shoppers can discover our expanded
collections of new designer labels, the latest fashion and trends,
and high-quality merchandise at an extraordinary value ranging from
men’s and women’s ready-to-wear, footwear, handbags, accessories,
jewelry, watches and beauty.
Online customers will have visibility and accessibility to shop
all of the top designer brands that may have limited distribution
and only in select stores nationwide. Additionally, the e-commerce
site will offer customer’s access to Salon Z, a plus size women’s
program not available in all stores.
The site is designed to reflect the experience of in-store
shopping and modeled after the loft like, bright, open atmosphere
of Saks OFF 5TH stores. The online store will be best in class with
superior functionality. Customers will have more control over their
filter options, they will be able to hover over product images
animated through multiple views of the item, and full-screen zoom
is available for all products, among other innovative features.
Online promotions for saksoff5th.com will mirror in-store
promotions with new product offerings daily. There will also be the
specialized offers and exclusive merchandise for top customers to
enjoy. Additionally, the site will include FashionFix events, which
will migrate from Saks.com to saksoff5th.com. FashionFix is an
additional space that provides exceptional deals on non-outlet
premier designer products through curated flash sales.
Customers will also be able to sign up for emails to learn about
current promotions, in store events and connect to social media
channels, i.e. Facebook, Twitter, Instagram and Pinterest.
The Saks OFF 5TH More! Program will be offered on the e-commerce
site. It is a free membership that gives customers access to
additional savings in stores and online. Members will receive
advance notice of special events, special coupons and invitations
to private sales.
During the launch all shoppers of saksoff5th.com will receive
free shipping on all orders during a limited introductory period.
SaksFirst members will be honored with free shipping on all orders,
all of the time. Other services on the site include shipment
tracking, SaksFirst Card management and the opportunity to purchase
and redeem gift cards.
About Saks Incorporated and Saks Fifth
Avenue OFF 5TH
Saks Incorporated currently operates 41 Saks Fifth Avenue
stores, 70 Saks Fifth Avenue OFF 5TH stores, and saks.com.
Saks Fifth Avenue OFF 5TH is a world-class, full-service
destination for value-priced clothes and accessories for men,
women, children and the home. The retailer’s 70 nationwide stores
and online store, saksoff5th.com, combine the two great joys of
shopping: the delight of discovering the very best and the thrill
of the deal. A carefully curated off-priced shopping experience, we
feature highly coveted designers alongside exclusive Saks brands
you won’t find anywhere else, all in a luxury-in-a-loft
environment. Saks Fifth Avenue OFF 5TH simply offers more style,
more savings and more service than any other value retailer.
Forward-looking
Information
The information contained in this press release that addresses
future results or expectations is considered “forward-looking”
information within the definition of the Federal securities laws.
Forward-looking information in this document can be identified
through the use of words such as “may,” “will,” “intend,” “plan,”
“project,” “expect,” “anticipate,” “should,” “would,” “believe,”
“estimate,” “contemplate,” “possible,” and “point.” The
forward-looking information is premised on many factors, some of
which are outlined below. Actual consolidated results might differ
materially from projected forward-looking information.
The forward-looking information and statements are or may be
based on a series of projections and estimates and involve risks
and uncertainties. These risks and uncertainties include such
factors as: the level of consumer spending for luxury apparel and
other merchandise carried by the Company and its ability to respond
quickly to consumer trends; macroeconomic conditions and their
effect on consumer spending; the Company’s ability to secure
adequate financing; adequate and stable sources of merchandise; the
competitive pricing environment within the retail sector; the
effectiveness of planned advertising, marketing, and promotional
campaigns; favorable customer response to relationship marketing
efforts of proprietary credit card loyalty programs; appropriate
inventory management; effective expense control; successful
operation of the Company’s proprietary credit card strategic
alliance with Capital One Financial Corporation; geo-political
risks; weather conditions and natural disasters; the performance of
the financial markets; changes in interest rates; and fluctuations
in foreign currency and exchange rates. For additional information
regarding these and other risk factors, please refer to the
Company’s filings with the SEC, including its Annual Report on Form
10-K for the fiscal year ended February 2, 2013, its Quarterly
Reports on Form 10-Q, and its Current Reports on Form 8-K, which
may be accessed via the Internet at www.sec.gov.
The Company undertakes no obligation to correct or update any
forward-looking statements, whether as a result of new information,
future events, or otherwise.
Saks Fifth Avenue OFF 5THJenny Dong, 212-451-1931PR
SpecialistJenny_Dong@s5a.comorMolly Ellingson, 212-320-4719Director
MarketingMolly_Ellingson@s5a.comorJulia Bentley, 865-981-6243SVP
Investor RelationsJulia_Bentley@saksinc.com
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