SFA Enterprises

Value-Creating Strategy

• Top line growth will be driven by:

  • comp store sales
  • new and expanded stores
  • Saks Direct (saksfifthavenue.com)
  • international opportunities
  • brand extension opportunities

• Continued improved gross margin rate and return on investment through additional inventory productivity improvements and effective execution of merchandising, marketing and service strategies

• Incremental leverage on efficient administrative support services (fixed expense base)

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