Saks OFF 5TH to Open New Store Mississippi

Saks Fifth Avenue OFF 5TH announced that it plans to open a new store in Pearl, Mississippi (metropolitan Jackson) on Thursday, November 14, 2013. The store will be located in the Outlets of Mississippi in Rankin County, one of the fastest growing areas in the state. The outlet is developed by Spectrum Capital, an affiliate of the Yates Companies, Inc., and has a 15-mile-radius of the best brand name retailers. With approximately 17,000 square feet of space, the new Saks Fifth Avenue OFF 5TH boutique-style shop will offer over 800 different world-renowned designer brands at value prices.

"We've always felt at home in Jackson with our Saks Service Center located here. Now, with the opening of our new Saks Fifth Avenue OFF 5TH location, we are happy to see the Saks family continue to grow," said Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH.

The store will be the first Saks Fifth Avenue OFF 5TH store in Mississippi and will be modeled after the company's innovative "luxury-in-a-loft" store design, which beautifully highlights the merchandise and facilitates easy shopping. The modern and uncluttered layout includes an open floor plan, moveable fixtures and bright lighting. Customers will have access to a distinctive assortment of designer and contemporary brands available at outlet prices, including women's and men's apparel, fine jewelry, handbags, shoes and children's collections. Women will find the season's most sought-after women's wear trends from designers such as Oscar de la Renta, Giorgio Armani, Escada, Michael Kors, Helmut Lang, Vince and Joie. Men will find a wide range of sportswear, contemporary apparel and formalwear from brands such as Versace, Theory, Armani, Hickey Freeman and Robert Graham.

"Saks Fifth Avenue OFF 5TH is not only a key anchor tenant in the outlet industry, but a globally recognized and respected brand that will attract shoppers to the Outlets of Mississippi from throughout the state," stated Outlets of Mississippi General Manager Kathy Hackshaw. "We are proud to welcome Saks Fifth Avenue OFF 5TH to our line-up of designer brands and wish the store and its staff members a highly successful grand opening weekend."

To celebrate the grand opening, Saks Fifth Avenue OFF 5TH will host a Private preview charity event celebration on Wednesday, November 13th, benefiting Baston Children's Hospital at the University of Mississippi Medical Center. Saks OFF 5TH will donate 5% of the evening's proceeds to help fund the non-profit's research and treatment of providing high-quality health care for children. Guests will be treated to Champagne and hors d'oeuvres and a live DJ, and throughout the evening Saks OFF 5TH will be leveraging social media with postings from the event.

For opening weekend, children will receive balloons on a stick from a balloon tree while guests will enjoy music from a DJ on Friday and Saturday from 5pm to 8pm. Free signature totes will be available with any purchase (while supplies last), and guests will have the opportunity to win a $50 gift card (one each day) when signing up for the MORE! Loyalty Program. Guests will also be able to enjoy a snack bar throughout the weekend.

About Saks Incorporated and Saks Fifth Avenue OFF 5TH

Saks Incorporated currently operates 41 Saks Fifth Avenue stores, 72 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 72 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.

ABOUT THE OUTLETS OF MISSISSIPPI

At 325,000 square feet, Outlets of Mississippi is the largest outlet shopping destination in Mississippi. Located minutes from the capital city of Jackson in the city of Pearl, the Outlets of Mississippi features a collection of more than 80 leading designer and name brands including Saks Fifth Avenue OFF 5TH, COACH FACTORY, Michael Kors, Banana Republic Factory Store, Gap Factory Store, J.Crew, Cole Haan, Anny Taylor, BCBG Max Azria, LOFT, Chico's Outlet, White House/Black Market, Levi's, adidas, Nike Factory Store and Under Armour, among many more, which offer everyday savings of up to 65 percent off regular retail prices. Visit www.outletsofms.com for more information.

ABOUT SPECTRUM CAPITAL

Spectrum Capital is a privately owned, diversified real estate and hospitality firm focused on the development, investment and management of real estate assets including full service resorts, high-rise condominiums, retail and entertainment destinations, sports facilities and mixed-use properties. As a full-service real estate company, Spectrum maintains in-house expertise in such critical areas as market research, sales and leasing, capital markets, construction and asset management. For more information please visit www.spectrumcapitalre.com.

About Batson Hospital

Batson Children's Hospital, part of Children's Health Care of Mississippi, is located at the University of Mississippi Medical Center. It is the only hospital in the state devoted exclusively to the care and treatment of sick and injured youngsters. More than 150,000 children from all of the state's 82 counties come to Batson each year. The spectrum of care ranges from well-child care for healthy newborns to care for cancer, birth defects, epilepsy, cystic fibrosis, sickle cell anemia, neurological disorders, pulmonary disease, trauma, allergies, diabetes and numerous other childhood illnesses.