Saks Fifth Avenue Hosts Prom Shopping Event to Benefit Scholarship America, Inc.

NEW YORK, March 10, 2011 /PRNewswire/ -- Saks Fifth Avenue stores nationwide will team up with Scholarship America® to celebrate prom season and raise funds for education. Customers who purchase an evening dress between March 14 and April 17 will receive 15% off. Saks Fifth Avenue will then donate 5% of the purchase price of each dress sold during this time period to Scholarship America, Inc., a nonprofit organization working to make education beyond high school possible for all students.

(Photo:  http://photos.prnewswire.com/prnh/20110310/NY62371 )

"Prom is one of the most special and fashion-centric occasions in a person's life, and Saks Fifth Avenue is happy to celebrate this milestone with our clients and their families," said Steve Sadove, Chairman & CEO, Saks Fifth Avenue. "Prom is also a time to consider one's future. Our partnership with Scholarship America, which aims to secure the future of so many young people by making college a reality, is a perfect fit."

Lauren A. Segal, President & CEO, Scholarship America, states, "Scholarship America is kicking off our 50th year of helping students complete their education after high school, and we are honored to have been selected by Saks Fifth Avenue for this partnership. Funds raised through this effort will aid our establishment of a new national scholarship fund, which aims to help students complete their education and avoid excessive debt by providing financially meaningful, renewable scholarships."

About Saks Fifth Avenue

Saks Fifth Avenue, one of the world's preeminent specialty retailers, is renowned for its superlative American and international designer collections, its expertly edited assortment of handbags, shoes, jewelry, cosmetics and gifts, and the first-rate fashion expertise and exemplary client service of its Associates. Today, Saks operates 47 full-line stores in 23 states, 5 licensed stores in the Middle East and 2 licensed stores in Mexico City, 57 Saks Fifth Avenue OFF 5TH stores and saks.com, the company's online store.

About Scholarship America®

Scholarship America® is a national education service organization that mobilizes support for students getting into and graduating from college. We have three core programs that help us achieve our mission: Dollars for Scholars®, Scholarship Management Services®, and Dreamkeepers(SM). Scholarship America has distributed more than $2.5 billion in scholarship assistance to more than 1.7 million students since 1958. More information is available at www.scholarshipamerica.org.

SOURCE Saks Fifth Avenue