Saks Fifth Avenue to Debut in Kazakhstan in 2012

Saks Inc. announced its plans to open a Saks Fifth Avenue store in Almaty in the emerging market of
Kazakhstan in August 2012.

This is the company’s first store in Asia.

The tri-level 91,000-square-foot store will be located in
the Esentai Shopping Mall. The Almaty store will be congruent with Saks
Fifth Avenue stores in the United States but will cater to local tastes and
preferences. The store will offer collections of fine designer apparel for
women and men, as well as shoes, jewelry, accessories, handbags, cosmetics,
intimate apparel, children’s apparel, and select gift items.

The store will reflect a modern, streamlined design and will
feature a three-story digital video screen on the building’s façade.

De Beers Diamond Jewellers opened a store in Almaty on July