WARING COX, PLC 50 North Front Street Suite 1300 Memphis, Tennessee 38103 February 5, 1996 Proffitt's, Inc. 115 North Calderwood Alcoa, Tennessee 37703 Gentlemen: We have acted as counsel to Proffitt's, Inc., a Tennessee corporation (the "Company"), in connection with the Company's Registration Statement on Form S-8 (the "Registration Statement"), pursuant to the Securities Act of 1933, as amended, relating to the Company's 1994 Long-Term Incentive Plan (the "Plan"). This opinion is being furnished in response to Item 601 of Regulation S-K and the instructions to Form S-8. We are familiar with the proceedings to date with respect to the proposed offering and have examined such records, documents and matters of law and satisfied ourselves as to such matters of fact as we have considered relevant for purposes of this opinion. On the basis of the foregoing, we are of the opinion that: 1. The Company is a corporation duly organized and existing under the laws of the State of Tennessee and is duly authorized to carry on the business in which it is engaged. 2. The Plan has been duly and validly authorized and adopted, and the 1,711,000 shares of Common Stock of the Company, $.10 par value (the "Shares") that may be issued and sold from time to time upon the exercise of options granted in accordance with the Plan have been duly authorized for issuance and will, when issued, sold and paid for in accordance with the Plan, be validly issued, fully paid and non-assessable. We do not purport to cover herein the application of the securities laws of various states to sales of the Shares. We hereby consent to the use of this opinion as an exhibit to the Registration Statement. Very truly yours, WARING COX, PLC /s/ WARING COX, PLC