812900--3/18/2010--SAKS_INC

related topics
{condition, economic, financial}
{operation, natural, condition}
{system, service, information}
{customer, product, revenue}
{loan, real, estate}
{operation, international, foreign}
{competitive, industry, competition}
{property, intellectual, protect}
{debt, indebtedness, cash}
{product, market, service}
{capital, credit, financial}
A decline in the demand for luxury goods due to difficult macroeconomic conditions has had and could continue to have an adverse impact on the Company s results of operations. Poor economic conditions have affected and may continue to affect consumer spending which has harmed and may continue to harm the Company s business. The Company is restricted in its ability to incur additional debt which may affect its ability to adequately finance its operations. We are unable to predict the impact of potential disruptions in the credit markets and the resulting costs or constraints in obtaining financing on our business and financial results. The Company is dependent on its relationships with certain designers, vendors, and other sources of merchandise. The Company s business and results of operations may be adversely affected by weather conditions and natural disasters. The Company s business is intensely competitive and increased or new competition could have a material adverse effect on the Company. The Company faces risks associated with consumer preferences, demand, and fashion trends. The Company faces a number of risks in opening new stores. The loss of, or disruption in, the Company s centralized distribution centers would have a material adverse effect on the Company s business and operations. Loss of the Company s trademarks and service marks or damage to the Company s brand could have a material adverse effect on the Company s results of operations. Fluctuations in foreign currency could have an adverse impact on the Company s business. If the Company does not successfully upgrade, maintain and secure our information systems to support the needs of the organization, it could have an adverse impact on the Company s business. A privacy breach could adversely affect the Company s business. Ownership and leasing of significant amounts of real estate exposes the Company to possible liabilities and losses.

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