Myron E. (Mike) Ullman, III Appointed to Saks Incorporated’s Board of Directors

  Myron E. (Mike) Ullman, III Appointed to Saks Incorporated’s Board of
  Directors

Business Wire

NEW YORK -- February 4, 2013

Retailer Saks Incorporated (NYSE: SKS) (“Saks” or the “Company”) today
announced that Myron E. (Mike) Ullman, III, 66, has been appointed to the
Company’s Board of Directors effective today. He also will serve on the Audit
and Corporate Governance Committees of the Company’s Board of Directors.

Mr. Ullman is a highly experienced retail industry executive who has led large
consumer and luxury goods businesses both domestically and internationally
over the past thirty years.

In February 2012, Mr. Ullman retired as Chairman and Chief Executive Officer
of J.C. Penney Company, Inc., after serving in those positions since December
2004. Prior to that, he served as Directeur General of the world’s largest
luxury group, LVMH Moet Hennessey Louis Vuitton, in Paris; Chairman and Chief
Executive Officer of DFS Group Limited, the world’s leading travel retailer;
and Chairman and Chief Executive Officer of R.H. Macy & Co., Inc. Mr. Ullman’s
prior retail experience also includes leading Wharf Holdings Ltd. in Hong Kong
and posts at Federated Department Stores earlier in his career. In addition,
he previously served as a White House Fellow in the Reagan Administration,
Vice President of Business Affairs at the University of Cincinnati, and an
International Account Manager for IBM Corporation.

Mr. Ullman currently serves on the boards of directors of Starbucks
Corporation (NASDAQ: SBUX) and the COFRA Group headquartered in Zug,
Switzerland and as Deputy Chairman of the Federal Reserve Bank of Dallas. He
is also an advisor to the board of directors of the Retail Industry Leaders
Association and is a past Chairman of the National Retail Federation. Mr.
Ullman is also Chairman of the Board of Mercy Ships International, a global
medical and human services charity. He previously served as a director of
Ralph Lauren Corporation; Taubman Centers, Inc.; LVMH Moët Hennessy Louis
Vuitton; Federated Department Stores; and Segway, LLC.

Stephen I. Sadove, Chairman and Chief Executive Officer of Saks, commented,
“We are extremely pleased that Mike Ullman has joined our Board of Directors.
His exceptional retail and luxury goods experience and his strategic business
background will make him an outstanding contributor to our Board.”

The Company currently operates 43 Saks Fifth Avenue stores, 65 Saks Fifth
Avenue OFF 5TH stores, and saks.com. Saks Fifth Avenue is proud to be named a
J.D. Power and Associates 2012 Customer Service Champion and is only one of 50
U.S. companies so named.

Contact:

Saks Incorporated
Julia Bentley, 865-981-6243
www.saksincorporated.com
 
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