Saks Fifth Avenue OFF 5TH to Open New Stores in Charleston, SC and Oklahoma City, OK in 2011

NEW YORK, Dec. 27, 2010 /PRNewswire/ -- Saks Fifth Avenue OFF 5TH today announced two new locations opening in 2011: Oklahoma City, OK in August and Charleston, SC in October. This will be the first Saks Fifth Avenue OFF 5TH store in Oklahoma while in South Carolina, Charleston will join Hilton Head which is scheduled to relocate in the summer of next year to a remodeled store.

"We are always thrilled to open Saks Fifth Avenue OFF 5TH stores in new cities. We look forward to becoming part of the retail communities in Oklahoma City and Charleston to offer customers a great selection of designers, the latest fashion and high quality merchandise," said Robert Wallstrom, President of Saks Fifth Avenue OFF 5TH.

Located in the Outlet Shoppes at Oklahoma City, Saks Fifth Avenue OFF 5TH will open as part of the launch of Oklahoma's only outlet center in the state. In Charleston, Saks Fifth Avenue OFF 5TH will stand in the Tanger Outlet Center in North Charleston.

Each store will be 28,000 square feet and modeled in Saks Fifth Avenue's innovative 'luxury in a loft' store design that debuted in 2008.  This OFF 5TH store layout highlights the merchandise and facilitates easy shopping. The modern, uncluttered design includes open floor plans, moveable fixtures, and bright lighting.  

Customers at each of the new locations will be able to participate in Saks Fifth Avenue OFF 5TH's MORE! Rewards loyalty program. This free program offers weekly discounts, sales and promotions on merchandise throughout stores.

About Saks Fifth Avenue OFF 5TH

Saks Fifth Avenue OFF 5TH is the savvy shopper's premier source for value-priced designer clothing and accessories, offering customers an exceptional array of both coveted designer names and unique merchandise under the Saks Fifth Avenue label.  Saks Fifth Avenue OFF 5TH places the highest priority on style, selection, and customer service.  Today, there are a total of 58 Saks Fifth Avenue OFF 5TH stores in 23 states.  Saks Fifth Avenue OFF 5TH is a part of Saks Incorporated which also operates 47 Saks Fifth Avenue stores and saks.com.

About Tanger Factory Outlet Centers

Tanger Factory Outlet Centers, Inc., (NYSE: SKT), is a publicly-traded REIT headquartered in Greensboro, North Carolina that presently operates and owns, or has an ownership interest in, a portfolio of 33 upscale outlet shopping centers in 22 states coast to coast,  totaling approximately 10.2 million square feet leased to over 2,100 stores operated by more than 375 different brand name companies. More than 160  million shoppers visit Tanger Outlet Centers annually. For more information on Tanger Outlet Centers, call 1-800-4 TANGER or visit the company's web site at www.tangeroutlet.com.

About Horizon Group Properties

Based in Norton Shores, MI with executive offices in Rosemont, IL, Horizons Group Properties is an owner and developer of factory outlet centers. For more information contact 231.798.9100 or visit their website at www.horizongroup.com.

SOURCE Saks Fifth Avenue OFF 5TH