<ARTICLE> 5 <LEGEND> This schedule contains summary financial information extracted from the Condensed Consolidated Financial Statements as presented in Saks Incorporated's Form 10-Q for the three and six month periods ended July 31, 1999 and August 1, 1998. (Dollar Amounts in Thousands except Per Share Amounts) </LEGEND> <PERIOD-TYPE> 3-MOS 3-MOS 6-MOS 6-MOS <FISCAL-YEAR-END> JAN-29-2000 JAN-30-1999 JAN-29-2000 JAN-30-1999 <PERIOD-END> JUL-31-1999 AUG-01-1998 JUL-31-1999 AUG-01-1998 <CASH> 22,683 31,411 22,683 31,411 <SECURITIES> 0 0 0 0 <RECEIVABLES> 160,816 137,418 160,816 137,418 <ALLOWANCES> 0 0 0 0 <INVENTORY> 1,516,710 1,369,498 1,516,710 1,369,498 <CURRENT-ASSETS> 1,861,676 1,693,892 1,861,676 1,693,892 <PP&E> 2,224,033 1,822,735 2,224,033 1,822,735 <DEPRECIATION> 0 0 0 0 <TOTAL-ASSETS> 4,972,750 4,157,139 4,972,750 4,157,139 <CURRENT-LIABILITIES> 803,819 758,295 803,819 758,295 <BONDS> 1,946,928 980,840 1,946,928 980,840 <PREFERRED-MANDATORY> 0 0 0 0 <PREFERRED> 0 0 0 0 <COMMON> 14,456 14,314 14,456 14,314 <OTHER-SE> 2,047,328 1,985,525 2,047,328 1,985,525 <TOTAL-LIABILITY-AND-EQUITY> 4,972,750 4,157,139 4,972,750 4,157,139 <SALES> 1,426,535 1,283,744 2,971,056 2,696,346 <TOTAL-REVENUES> 1,426,535 1,283,744 2,971,056 2,696,346 <CGS> 912,609 829,140 1,907,002 1,742,154 <TOTAL-COSTS> 912,609 829,140 1,907,002 1,742,154 <OTHER-EXPENSES> 451,182 424,199 909,827 851,398 <LOSS-PROVISION> 0 0 0 0 <INTEREST-EXPENSE> 34,312 24,498 69,288 49,292 <INCOME-PRETAX> 31,256 6,533 87,759 54,256 <INCOME-TAX> 12,437 3,551 35,205 23,150 <INCOME-CONTINUING> 18,819 2,982 52,554 31,106 <DISCONTINUED> 0 0 0 0 <EXTRAORDINARY> 0 334 9,261 334 <CHANGES> 0 0 0 0 <NET-INCOME> 18,819 2,648 43,293 30,772 <EPS-BASIC> .13 .02 .30 .22 <EPS-DILUTED> .13 .02 .29 .21