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<PRE><font face="Times New Roman">As filed with the Securities and Exchange Commission on June 28, 2002               Registration No. 333-__________
</font></PRE>
<P><HR SIZE=5></P>
<P ALIGN="CENTER">SECURITIES AND EXCHANGE COMMISSION<BR>
WASHINGTON, DC&nbsp; 20549</P>
<B><FONT SIZE=5><P ALIGN="CENTER">FORM S-8</P>
</B></FONT><P ALIGN="CENTER">REGISTRATION STATEMENT UNDER THE<BR>
SECURITIES ACT OF 1933</P>
<B><P ALIGN="CENTER">SAKS INCORPORATED<BR>
</B><FONT SIZE=2>(Exact Name of Registrant as Specified in Its Charter)</P></FONT>
<P ALIGN="RIGHT"><TABLE BORDER CELLSPACING=1 BORDERCOLOR="#ffffff" WIDTH=570>
<TR><TD WIDTH="55%" VALIGN="MIDDLE" HEIGHT=37>
<P ALIGN="CENTER"><B>Tennessee<BR>
</B><FONT SIZE=2>(State or Other Jurisdiction of Incorporation)</FONT></TD>
<TD WIDTH="45%" VALIGN="MIDDLE" HEIGHT=37>
<B><P ALIGN="CENTER">62-0331040<BR>
</B><FONT SIZE=2>(IRS Employer Identification No.)</FONT></TD>
</TR>
<TR><TD WIDTH="55%" VALIGN="MIDDLE">
<B><P ALIGN="CENTER">750 Lakeshore Parkway<BR>
Birmingham, Alabama<BR>
</B><FONT SIZE=2>(Address of Principal Executive Offices)</FONT></TD>
<TD WIDTH="45%" VALIGN="MIDDLE">
<P ALIGN="CENTER"><BR>
<B>35211<BR>
</B><FONT SIZE=2>(Zip Code)</FONT></TD>
</TR>
</TABLE>
</P>

<B><P ALIGN="CENTER">Amended and Restated Saks Incorporated Employee Stock Purchase Plan                         </B><FONT SIZE=2>(Full Title of Plan)</P>
</FONT><B><P ALIGN="CENTER">R. Brad Martin<BR>
Chairman of the Board and Chief Executive Officer<BR>
Saks Incorporated<BR>
750 Lakeshore Parkway<BR>
Birmingham, Alabama&nbsp; 35211</B><BR>
<FONT SIZE=2>(Name and Address of Agent for Service of Process)</P>
</FONT><B><P ALIGN="CENTER">(205) 940-4000</B><BR>
<FONT SIZE=2>(Telephone Number, Including Area Code, of Agent For Service)</P>
<P ALIGN="CENTER">Copies to:</P></FONT>
<P ALIGN="RIGHT"><TABLE BORDER CELLSPACING=1 BORDERCOLOR="#ffffff" WIDTH=534>
<TR><TD WIDTH="53%" VALIGN="TOP" HEIGHT=78>
<P ALIGN="CENTER"><FONT SIZE=2>Philip L. McCool, Esq.<BR>
Sommer &amp; Barnard, PC<BR>
4000 Bank One Tower<BR>
111 Monument Circle<BR>
Indianapolis, Indiana&nbsp; 46204-5198</FONT></TD>
<TD WIDTH="47%" VALIGN="TOP" HEIGHT=78>
<FONT SIZE=2><P ALIGN="CENTER">Brian J. Martin, Esq.<BR>
Saks Incorporated<BR>
12 East 49<SUP>th</SUP> Street<br>
New York, NY  10017</FONT></P>
  </TD>
</TR>
</TABLE>
</P>

<FONT SIZE=4><STRONG><P ALIGN="CENTER">CALCULATION OF REGISTRATION FEE</P></FONT></STRONG>
<div align="center">
  <center>
<TABLE BORDER CELLSPACING=0 WIDTH=630 style="border-collapse: collapse" bordercolor="#111111" cellpadding="0">
<TR><TD WIDTH="28%" VALIGN="MIDDLE">
<P ALIGN="CENTER"><FONT SIZE=2><STRONG>Title of each class of</STRONG> <STRONG>securities to be registered(1)</STRONG></FONT></TD>
<TD WIDTH="13%" VALIGN="MIDDLE">
<STRONG>
<FONT SIZE=2><P ALIGN="CENTER">Amount to be registered </FONT></STRONG></TD>
<TD WIDTH="19%" VALIGN="MIDDLE">
<STRONG>
<FONT SIZE=2><P ALIGN="CENTER">Proposed maximum offering price<BR>
per share</FONT></STRONG></TD>
<TD WIDTH="17%" VALIGN="MIDDLE">
<STRONG>
<FONT SIZE=2><P ALIGN="CENTER">Proposed maximum aggregate<BR>
&nbsp;offering price</FONT></STRONG></TD>
<TD WIDTH="17%" VALIGN="MIDDLE">
<STRONG>
<FONT SIZE=2><P ALIGN="CENTER">Amount of registration fee</FONT></STRONG></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="MIDDLE" HEIGHT=30>
<FONT SIZE=2><P>Common Stock,<BR>
$ .10 par value ................</FONT></TD>
<TD WIDTH="13%" VALIGN="TOP" HEIGHT=30>
<FONT SIZE=2><P ALIGN="CENTER"><BR>
750,000</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM" HEIGHT=30>
<FONT SIZE=2><P ALIGN="CENTER"><BR>
$12.26(2)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=30>
<FONT SIZE=2><P ALIGN="CENTER"><BR>
$9,780,000(2)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM" HEIGHT=30>
<FONT SIZE=2><P ALIGN="CENTER"><BR>
$845.94</FONT></TD>
</TR>
<TR><TD WIDTH="28%" VALIGN="MIDDLE">
<FONT SIZE=2><P>Preferred Stock Purchase Rights</FONT></TD>
<TD WIDTH="13%" VALIGN="BOTTOM">
<FONT SIZE=2><P ALIGN="CENTER">750,000</FONT></TD>
<TD WIDTH="19%" VALIGN="BOTTOM">
<FONT SIZE=2><P ALIGN="CENTER">(3)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<FONT SIZE=2><P ALIGN="CENTER">(3)</FONT></TD>
<TD WIDTH="17%" VALIGN="BOTTOM">
<FONT SIZE=2><P ALIGN="CENTER">(3)</FONT></TD>
</TR>
</TABLE>

  </center>
</div>

<PRE><font face="Times New Roman">(1)    Pursuant to Rule 416(f) under the Securities Act of 1933, this Registration Statement also covers an indeterminate
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;amount of interests to be offered or sold pursuant to the employee benefit plan described above.
(2)&nbsp;&nbsp;&nbsp; Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) under the Securities Act
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; of 1933 on the basis of the average of the high and low prices of the Common Shares reported on the New York Stock
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Exchange on June 26, 2002. </font><FONT SIZE=2>
<font face="Times New Roman">(3)&nbsp;&nbsp; No additional consideration will be paid for the Preferred Stock Purchase Rights.</font></PRE>
</FONT><P><HR SIZE=5></P>
<STRONG>
<P ALIGN="CENTER">Part II</P>
<P ALIGN="CENTER">Information Required in the Registration Statement</P>
<P>Item 3. Incorporation of Documents by Reference.</P>
</STRONG><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The documents listed below, and all documents filed by Registrant pursuant to Sections 13(a), 13(c) 14 and 15(d) of the Securities Exchange Act of 1934 subsequent to the filing of this Registration Statement for the Amended and Restated Saks Incorporated Employee Stock Purchase Plan (the "Plan") and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, are deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of this Registration Statement:</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (a)&nbsp;&nbsp;&nbsp; The Registrant's Annual Report on Form 10-K filed with the Securities Exchange                Commission ("SEC") on April 25, 2002 for the fiscal year ended February 2, 2002;    </P>
<P>        </P>
<P>        &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;        (b)&nbsp;&nbsp;&nbsp; The Annual Report of the Plan filed as Exhibit 99.2 to the Registrant's Annual Report                 on Form 10-K filed with the SEC on April 25, 2002;</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (c)&nbsp;&nbsp;&nbsp; The Registrant's Quarterly Report on Form 10-Q filed with the SEC on June 17, 2002                 for the fiscal quarter ended May 4, 2002;  </P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       (d)&nbsp;&nbsp;&nbsp; The Registrant's Current Reports on Form 8-K filed with the SEC on February 8, 2002                and April 15, 2002;</P>
<P>       &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       (e)&nbsp;&nbsp;&nbsp; The Registration Statement on Form 8-A filed with the SEC on March 26, 1998 in                respect of the Registrant's Rights Agreement;&nbsp; and</P>
<P>       &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;       (f)&nbsp;&nbsp;&nbsp; The information contained in "Description of Proffitt's Capital Stock" in the Registration Statement on Form S-4 (Reg. No. 333-17059) filed with the SEC on July 29, 1998.</P>
<STRONG><P>Item 4. Description of Securities</STRONG>.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable</P>
<STRONG><P>Item 5. Interest of Named Experts and Counsel.</P>
</STRONG><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</P>
<STRONG><P>Item 6. Indemnification of Directors and Officers.</P>
</STRONG><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The By-Laws of Registrant provide that Registrant shall indemnify to the full extent authorized or permitted by the Tennessee Business Corporation Act any person made, or threatened to be made, a party to any threatened, pending or completed action, suit or proceeding (whether civil, criminal, administrative or investigative) by reason of the fact that such person, or such person's testate or intestate, is or was an officer or director of Registrant or serves or served as an officer or director of any other enterprise at the request of Registrant.</P>
<P align="center">2</P>
<hr><P>&nbsp;</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Section 48-18-503 of the Tennessee Business Corporation Act provides for "mandatory indemnification," unless limited by the charter, by a corporation against reasonable expenses incurred by a director who is wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party by reason of the director being or having been a director of the corporation. Section 48-18-504 of the Tennessee Business Corporation Act states that a corporation may, in advance of the final disposition of a proceeding, reimburse reasonable expenses incurred by a director who is a party to a proceeding if the director furnishes the corporation with a written affirmation of the director's good faith belief that the director has met the standard of conduct required by Section 48-18-502 of the Tennessee Business Corporation Act, that the director will repay the advance if it is ultimately determined that such director did not meet the standard of conduct required by Section 48-18-502 of the Tennessee Business Corporation Act, and that those making the decision to reimburse the director determine that the facts then known would not preclude indemnification under the Tennessee Business Corporation Act. Section 48-18-507 of the Tennessee Business Corporation Act provides for mandatory indemnification, unless limited by the charter, of officers pursuant to the provisions of Section 48-18-503 of the Tennessee Business Corporation Act applicable to mandatory indemnification of directors.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Registrant's By-Laws further provide that Registrant may purchase and maintain insurance on behalf of any person who is or was or has agreed to become a director or officer of Registrant, or is or was serving at the request of Registrant as a director or officer of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person or on such person's behalf in any such capacity, or arising out of such person's status as such, whether or not Registrant would have the power to indemnify such person against such liability under the By-Laws, provided that such insurance is available on acceptable terms as determined by a majority of Registrant's Board of Directors.</P>
<STRONG><P>Item 7. Exemption from Registration Claimed.</P>
</STRONG><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Not applicable.</P>
<STRONG><P>Item 8. Exhibits.</P></STRONG>
<P ALIGN="LEFT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=609>
<TR><TD WIDTH="15%" VALIGN="MIDDLE">
<P ALIGN="CENTER"><B><U>Exhibit No.</B></U></TD>
<TD WIDTH="80%" VALIGN="MIDDLE">
<B><U><P>Document</B></U></TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="MIDDLE">
<P ALIGN="CENTER">4.1</TD>
<TD WIDTH="80%" VALIGN="MIDDLE">
<P>Amended and Restated Saks Incorporated Employee Stock Purchase Plan (incorporated by reference to Attachment A to the Registrant's proxy statement filed April 25, 2002)</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="MIDDLE">
<P ALIGN="CENTER">5.1</TD>
<TD WIDTH="80%" VALIGN="MIDDLE">
<P>Opinion of Sommer &amp; Barnard, PC</TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="MIDDLE">
<P ALIGN="CENTER">23.1</TD>
<TD WIDTH="80%" VALIGN="MIDDLE">
<P>Consent of PricewaterhouseCoopers LLP </TD>
</TR>
<TR><TD WIDTH="15%" VALIGN="MIDDLE">
<P ALIGN="CENTER">24.0</TD>
<TD WIDTH="80%" VALIGN="MIDDLE">
<P>Power of Attorney (on signature page)</TD>
</TR>
</TABLE>
</P>

<STRONG><P>Item 9. Undertakings.</P>
</STRONG><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; The undersigned Registrant hereby undertakes:</P>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:</BLOCKQUOTE>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;</P>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement;</BLOCKQUOTE>
<p align="center">3</p>
<hr>
<BLOCKQUOTE>&nbsp; &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;</BLOCKQUOTE>
<EM><P>Provided, however, </EM>that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement.</P>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</BLOCKQUOTE>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.</BLOCKQUOTE>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (4) If the Registrant is a foreign private issuer, to file a post-effective amendment to the Registration Statement to include any financial statements required by Section 210.3-19 of this chapter at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Act need not be furnished, <I>provided</I> that the Registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.</BLOCKQUOTE>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (5) For the purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.</BLOCKQUOTE>
<BLOCKQUOTE>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; (6) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers, and controlling persons of the Registrant pursuant to the foregoing provisions described in Item 15, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.</BLOCKQUOTE>
<p align="center">4</p>
<hr>
<STRONG><P ALIGN="CENTER">SIGNATURES</P>
</STRONG><EM><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;The Registrant</EM><I>.</I> Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the Undersigned, thereunto duly authorized, in the city of Birmingham, State of Alabama, on the
28th day of June, 2002.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Saks Incorporated</P>
<P><BR>
<BR>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By: <U>/s/ Charles J. Hansen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;<BR>
</U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;    Charles J. Hansen<BR>
<EM>&nbsp;&nbsp;&nbsp;</EM>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; <I>Senior Vice President and<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Deputy    General Counsel</P>
</I><STRONG><P ALIGN="CENTER">&nbsp;</P>
<P ALIGN="CENTER">POWER OF ATTORNEY</P>
</STRONG><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Brian J. Martin and Julia A. Bentley, and each of them, his or her true and lawful attorney-in-fact and agent with full power of substitution for him or her in his or her name, place and stead, in any and all capacities to sign any and all amendments (including pre-effective and post-effective amendments) to this Registration Statement, and to file the same with all exhibits thereto and other documents in connection therewith, including any Registration Statement filed pursuant to Rule 462(b) under the Securities Act of 1933, with the Securities and Exchange Commission, grants unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully as to all intents and purposes as he or she might or could do in person, and hereby ratifies and confirms all that said attorneys-in-fact and agents or their or his or her substitute or substitutes may lawfully do or cause to be done by virtue hereof.</P>
<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed on June
28, 2002 by the following persons in the capacities indicated.</P>

<P ALIGN="LEFT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=554>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" HEIGHT=82>
<P ALIGN="CENTER">&nbsp;</P>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
R. Brad Martin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
R. Brad Martin </P>
<P ALIGN="CENTER"></TD>
<TD WIDTH="49%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=82>
<P ALIGN="CENTER">Chairman of the Board and<br>
Chief Executive Officer<BR>
(Principal Executive Officer) </P>
  </TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Stephen I. Sadove&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Stephen I. Sadove</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Vice Chairman and Director</TD>
</TR>
<TR><TD WIDTH="100%" VALIGN="MIDDLE" COLSPAN=3>&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" HEIGHT=95>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Douglas
E. Coltharp&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Douglas E. Coltharp</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=95>
<P ALIGN="CENTER">Executive Vice President and<br>
Chief Financial Officer<br>
(Principal Financial Officer)</P>
  </TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE">&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" HEIGHT=82>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Donald E. Wright&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Donald E. Wright</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE" COLSPAN=2 HEIGHT=82>
<P ALIGN="CENTER">Senior Vice President of Finance<br>
and Chief Accounting Officer<BR>
(Principal Accounting Officer)</P>
  </TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
Bernard E. Bernstein&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Bernard E. Bernstein</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/
Stanton J. Bluestone&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Stanton J. Bluestone</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ James A.
Coggin&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
James A. Coggin</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Ronald
de Waal&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Ronald deWaal</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Julius W. Erving</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ Michael S.
Gross&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Michael S. Gross</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<P ALIGN="CENTER">
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Donald E. Hess</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ George L.
Jones&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
George L. Jones</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<P ALIGN="CENTER">
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Nora P. McAniff</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<U><P ALIGN="CENTER">&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;/s/ C. Warren Neel&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
C. Warren Neel</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<P ALIGN="CENTER">
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Marguerite W. Sallee</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>
<P ALIGN="CENTER">
<U>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
Christopher J. Stadler</P>
  </TD>
<TD WIDTH="49%" VALIGN="MIDDLE">
<P ALIGN="CENTER"></P>
<P ALIGN="CENTER">Director</TD>
</TR>
<TR><TD WIDTH="51%" VALIGN="MIDDLE" COLSPAN=2>&nbsp;</TD>
<TD WIDTH="49%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
</TABLE>
</P>

<I><P>The Plan</I>.   </P>
<P>Pursuant to the requirements of the Securities Act, the Plan has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Birmingham, state of Alabama, on June
28, 2002.</P>
<FONT SIZE=1>

</FONT><P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; AMENDED AND RESTATED SAKS<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; INCORPORATED EMPLOYEE STOCK<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; PURCHASE PLAN</P>

<P>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; By:<U>&nbsp;&nbsp;&nbsp;&nbsp;/s/ Charles  J. Hansen&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</U>&nbsp;<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;
Charles  J. Hansen<I><br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; Senior Vice President and Deputy<br>
&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;  General Counsel</P>

</I><P ALIGN="CENTER">INDEX TO EXHIBITS FILED<BR>
TO REGISTRATION STATEMENT ON<BR>
FORM S-8 OF SAKS INCORPORATED</P>
<P ALIGN="LEFT"><TABLE CELLSPACING=0 BORDER=0 WIDTH=613>
<TR><TD WIDTH="16%" VALIGN="MIDDLE">
<P ALIGN="CENTER"><B><U><BR>
Exhibit No.</B></U></TD>
<TD WIDTH="63%" VALIGN="MIDDLE">
<B><U><P><BR>
Description</B></U></TD>
<TD WIDTH="18%" VALIGN="MIDDLE">
<B><P ALIGN="CENTER">Sequentially <U>Number Pages</B></U></TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE">
<P ALIGN="CENTER">4.1</TD>
<TD WIDTH="63%" VALIGN="MIDDLE">
<P>Amended and Restated Saks Incorporated Employee Stock Purchase Plan (incorporated by reference to Attachment A to the Registrant's proxy statement filed April 25, 2002)</TD>
<TD WIDTH="18%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE">
<P ALIGN="CENTER">5.1</TD>
<TD WIDTH="63%" VALIGN="MIDDLE">
<P>Opinion of Sommer &amp; Barnard, PC </TD>
<TD WIDTH="18%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE">
<P ALIGN="CENTER">23.1</TD>
<TD WIDTH="63%" VALIGN="MIDDLE">
<P>Consent of PricewaterhouseCoopers LLP </TD>
<TD WIDTH="18%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
<TR><TD WIDTH="16%" VALIGN="MIDDLE">
<P ALIGN="CENTER">24</TD>
<TD WIDTH="63%" VALIGN="MIDDLE">
<P>Power of Attorney (on signature page)</TD>
<TD WIDTH="18%" VALIGN="MIDDLE">&nbsp;</TD>
</TR>
</TABLE>
</P>

<P>&nbsp;</P></BODY>
</HTML>
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{"company-data": {"conformed-name": "SAKS INC", "cik": "0000812900", "assigned-sic": "5311", "irs-number": "620331040", "state-of-incorporation": "TN", "fiscal-year-end": "0201"}, "filing-values": {"form-type": "S-8", "act": "33", "file-number": "333-91416", "film-number": "02690685"}, "business-address": {"street1": "750 LAKESHORE PARKWAY", "city": "BIRMINGHAM", "state": "AL", "zip": "35211", "phone": "2059404000"}, "former-company": {"former-conformed-name": "PROFFITTS INC", "date-changed": "19920703"}}
html_S-8
As filed with the Securities and Exchange Commission on June 28, 2002               Registration No. 333-__________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC  20549
FORM S-8
REGISTRATION STATEMENT UNDER THE
SECURITIES ACT OF 1933
SAKS INCORPORATED
(Exact Name of Registrant as Specified in Its Charter)
Tennessee
(State or Other Jurisdiction of Incorporation)
62-0331040
(IRS Employer Identification No.)
750 Lakeshore Parkway
Birmingham, Alabama
(Address of Principal Executive Offices)
35211
(Zip Code)
Amended and Restated Saks Incorporated Employee Stock Purchase Plan
(Full Title of Plan)
R. Brad Martin
Chairman of the Board and Chief Executive Officer
Saks Incorporated
750 Lakeshore Parkway
Birmingham, Alabama  35211
(Name and Address of Agent for Service of Process)
(205) 940-4000
(Telephone Number, Including Area Code, of Agent For Service)
Copies to:
Philip L. McCool, Esq.
Sommer & Barnard, PC
4000 Bank One Tower
111 Monument Circle
Indianapolis, Indiana  46204-5198
Brian J. Martin, Esq.
Saks Incorporated
12 East 49
th
Street
New York, NY  10017
CALCULATION OF REGISTRATION FEE
Title of each class of
securities to be registered(1)
Amount to be registered
Proposed maximum offering price
per share
Proposed maximum aggregate
offering price
Amount of registration fee
Common Stock,
$ .10 par value ................
750,000
$12.26(2)
$9,780,000(2)
$845.94
Preferred Stock Purchase Rights
750,000
(3)
(3)
(3)
(1)    Pursuant to Rule 416(f) under the Securities Act of 1933, this Registration Statement also covers an indeterminate
         amount of interests to be offered or sold pursuant to the employee benefit plan described above.
(2)    Estimated solely for the purpose of calculating the registration fee pursuant to Rule 457(c) under the Securities Act
        of 1933 on the basis of the average of the high and low prices of the Common Shares reported on the New York Stock
        Exchange on June 26, 2002.
(3)   No additional consideration will be paid for the Preferred Stock Purchase Rights.
Part II
Information Required in the Registration Statement
Item 3. Incorporation of Documents by Reference.
The documents listed below, and all documents filed by Registrant pursuant to Sections 13(a), 13(c) 14 and 15(d) of the Securities Exchange Act of 1934 subsequent to the filing of this Registration Statement for the Amended and Restated Saks Incorporated Employee Stock Purchase Plan (the "Plan") and prior to the filing of a post-effective amendment which indicates that all securities offered have been sold or which deregisters all securities then remaining unsold, are deemed to be incorporated by reference in this Registration Statement and to be part hereof from the date of filing of this Registration Statement:
(a)    The Registrant's Annual Report on Form 10-K filed with the Securities Exchange                Commission ("SEC") on April 25, 2002 for the fiscal year ended February 2, 2002;
(b)    The Annual Report of the Plan filed as Exhibit 99.2 to the Registrant's Annual Report                 on Form 10-K filed with the SEC on April 25, 2002;
(c)    The Registrant's Quarterly Report on Form 10-Q filed with the SEC on June 17, 2002                 for the fiscal quarter ended May 4, 2002;
(d)    The Registrant's Current Reports on Form 8-K filed with the SEC on February 8, 2002                and April 15, 2002;
(e)    The Registration Statement on Form 8-A filed with the SEC on March 26, 1998 in                respect of the Registrant's Rights Agreement;  and
(f)    The information contained in "Description of Proffitt's Capital Stock" in the Registration Statement on Form S-4 (Reg. No. 333-17059) filed with the SEC on July 29, 1998.
Item 4. Description of Securities
.
Not applicable
Item 5. Interest of Named Experts and Counsel.
Not applicable.
Item 6. Indemnification of Directors and Officers.
The By-Laws of Registrant provide that Registrant shall indemnify to the full extent authorized or permitted by the Tennessee Business Corporation Act any person made, or threatened to be made, a party to any threatened, pending or completed action, suit or proceeding (whether civil, criminal, administrative or investigative) by reason of the fact that such person, or such person's testate or intestate, is or was an officer or director of Registrant or serves or served as an officer or director of any other enterprise at the request of Registrant.
2
Section 48-18-503 of the Tennessee Business Corporation Act provides for "mandatory indemnification," unless limited by the charter, by a corporation against reasonable expenses incurred by a director who is wholly successful, on the merits or otherwise, in the defense of any proceeding to which the director was a party by reason of the director being or having been a director of the corporation. Section 48-18-504 of the Tennessee Business Corporation Act states that a corporation may, in advance of the final disposition of a proceeding, reimburse reasonable expenses incurred by a director who is a party to a proceeding if the director furnishes the corporation with a written affirmation of the director's good faith belief that the director has met the standard of conduct required by Section 48-18-502 of the Tennessee Business Corporation Act, that the director will repay the advance if it is ultimately determined that such director did not meet the standard of conduct required by Section 48-18-502 of the Tennessee Business Corporation Act, and that those making the decision to reimburse the director determine that the facts then known would not preclude indemnification under the Tennessee Business Corporation Act. Section 48-18-507 of the Tennessee Business Corporation Act provides for mandatory indemnification, unless limited by the charter, of officers pursuant to the provisions of Section 48-18-503 of the Tennessee Business Corporation Act applicable to mandatory indemnification of directors.
Registrant's By-Laws further provide that Registrant may purchase and maintain insurance on behalf of any person who is or was or has agreed to become a director or officer of Registrant, or is or was serving at the request of Registrant as a director or officer of another corporation, partnership, joint venture, trust or other enterprise against any liability asserted against such person and incurred by such person or on such person's behalf in any such capacity, or arising out of such person's status as such, whether or not Registrant would have the power to indemnify such person against such liability under the By-Laws, provided that such insurance is available on acceptable terms as determined by a majority of Registrant's Board of Directors.
Item 7. Exemption from Registration Claimed.
Not applicable.
Item 8. Exhibits.
Exhibit No.
Document
4.1
Amended and Restated Saks Incorporated Employee Stock Purchase Plan (incorporated by reference to Attachment A to the Registrant's proxy statement filed April 25, 2002)
5.1
Opinion of Sommer & Barnard, PC
23.1
Consent of PricewaterhouseCoopers LLP
24.0
Power of Attorney (on signature page)
Item 9. Undertakings.
The undersigned Registrant hereby undertakes:
(1) To file, during any period in which offers or sales are being made, a post-effective amendment to this Registration Statement:
(i) To include any prospectus required by section 10(a)(3) of the Securities Act of 1933;
(ii) To reflect in the prospectus any facts or events arising after the effective date of the Registration Statement (or the most recent post-effective amendment thereof) which, individually or in the aggregate, represent a fundamental change in the information set forth in the Registration Statement;
3
(iii) To include any material information with respect to the plan of distribution not previously disclosed in the Registration Statement or any material change to such information in the Registration Statement;
Provided, however,
that paragraphs (a)(1)(i) and (a)(1)(ii) do not apply if the Registration Statement is on Form S-3 or Form S-8, and the information required to be included in a post-effective amendment by those paragraphs is contained in periodic reports filed by the Registrant pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934 that are incorporated by reference in the Registration Statement.
(2) That, for the purpose of determining any liability under the Securities Act of 1933, each such post-effective amendment shall be deemed to be a new registration statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(3) To remove from registration by means of a post-effective amendment any of the securities being registered which remain unsold at the termination of the offering.
(4) If the Registrant is a foreign private issuer, to file a post-effective amendment to the Registration Statement to include any financial statements required by Section 210.3-19 of this chapter at the start of any delayed offering or throughout a continuous offering. Financial statements and information otherwise required by Section 10(a)(3) of the Act need not be furnished,
provided
that the Registrant includes in the prospectus, by means of a post-effective amendment, financial statements required pursuant to this paragraph (a)(4) and other information necessary to ensure that all other information in the prospectus is at least as current as the date of those financial statements.
(5) For the purposes of determining any liability under the Securities Act of 1933, each filing of the Registrant's annual report pursuant to Section 13(a) or Section 15(d) of the Securities Exchange Act of 1934 (and, where applicable, each filing of an employee benefit plan pursuant to Section 15(d) of the Securities Exchange Act of 1934) that is incorporated by reference in the Registration Statement shall be deemed to be a new Registration Statement relating to the securities offered therein, and the offering of such securities at that time shall be deemed to be the initial bona fide offering thereof.
(6) Insofar as indemnification for liabilities arising under the Securities Act of 1933 may be permitted to directors, officers, and controlling persons of the Registrant pursuant to the foregoing provisions described in Item 15, or otherwise, the Registrant has been advised that in the opinion of the Securities and Exchange Commission such indemnification is against public policy as expressed in the Act and is, therefore, unenforceable. In the event that a claim for indemnification against such liabilities (other than the payment by the Registrant of expenses incurred or paid by a director, officer or controlling person of the Registrant in the successful defense of any action, suit or proceeding) is asserted by such director, officer or controlling person in connection with the securities being registered, the Registrant will, unless in the opinion of its counsel the matter has been settled by controlling precedent, submit to a court of appropriate jurisdiction the question whether such indemnification by it is against public policy as expressed in the Act and will be governed by the final adjudication of such issue.
4
SIGNATURES
The Registrant
.
Pursuant to the requirements of the Securities Act of 1933, the Registrant certifies that it has reasonable grounds to believe that it meets all of the requirements for filing on Form S-8 and has duly caused this Registration Statement to be signed on its behalf by the Undersigned, thereunto duly authorized, in the city of Birmingham, State of Alabama, on the
28th day of June, 2002.
Saks Incorporated
By:
/s/ Charles J. Hansen
Charles J. Hansen
Senior Vice President and
Deputy    General Counsel
POWER OF ATTORNEY
KNOW ALL MEN BY THESE PRESENTS, that each person whose signature appears below constitutes and appoints Brian J. Martin and Julia A. Bentley, and each of them, his or her true and lawful attorney-in-fact and agent with full power of substitution for him or her in his or her name, place and stead, in any and all capacities to sign any and all amendments (including pre-effective and post-effective amendments) to this Registration Statement, and to file the same with all exhibits thereto and other documents in connection therewith, including any Registration Statement filed pursuant to Rule 462(b) under the Securities Act of 1933, with the Securities and Exchange Commission, grants unto said attorneys-in-fact and agents full power and authority to do and perform each and every act and thing requisite and necessary to be done in and about the premises, as fully as to all intents and purposes as he or she might or could do in person, and hereby ratifies and confirms all that said attorneys-in-fact and agents or their or his or her substitute or substitutes may lawfully do or cause to be done by virtue hereof.
Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed on June
28, 2002 by the following persons in the capacities indicated.
/s/
R. Brad Martin
R. Brad Martin
Chairman of the Board and
Chief Executive Officer
(Principal Executive Officer)
/s/ Stephen I. Sadove
Stephen I. Sadove
Vice Chairman and Director
/s/ Douglas
E. Coltharp
Douglas E. Coltharp
Executive Vice President and
Chief Financial Officer
(Principal Financial Officer)
/s/ Donald E. Wright
Donald E. Wright
Senior Vice President of Finance
and Chief Accounting Officer
(Principal Accounting Officer)
/s/
Bernard E. Bernstein
Bernard E. Bernstein
Director
/s/
Stanton J. Bluestone
Stanton J. Bluestone
Director
/s/ James A.
Coggin
James A. Coggin
Director
/s/ Ronald
de Waal
Ronald deWaal
Director
Julius W. Erving
Director
/s/ Michael S.
Gross
Michael S. Gross
Director
Donald E. Hess
Director
/s/ George L.
Jones
George L. Jones
Director
Nora P. McAniff
Director
/s/ C. Warren Neel
C. Warren Neel
Director
Marguerite W. Sallee
Director
Christopher J. Stadler
Director
The Plan
.
Pursuant to the requirements of the Securities Act, the Plan has duly caused this registration statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the city of Birmingham, state of Alabama, on June
28, 2002.
AMENDED AND RESTATED SAKS
INCORPORATED EMPLOYEE STOCK
PURCHASE PLAN
By:
/s/ Charles  J. Hansen
Charles  J. Hansen
Senior Vice President and Deputy
General Counsel
INDEX TO EXHIBITS FILED
TO REGISTRATION STATEMENT ON
FORM S-8 OF SAKS INCORPORATED
Exhibit No.
Description
Sequentially
Number Pages
4.1
Amended and Restated Saks Incorporated Employee Stock Purchase Plan (incorporated by reference to Attachment A to the Registrant's proxy statement filed April 25, 2002)
5.1
Opinion of Sommer & Barnard, PC
23.1
Consent of PricewaterhouseCoopers LLP
24
Power of Attorney (on signature page)