Exhibit 12

Saks Incorporated and Subsidiaries

Ratio of Earnings to Fixed Charges

Ratio of Earnings to Fixed Charges	39 Weeks Ended November 1, 2003		52 Weeks Ended February 1, 2003		52 Weeks Ended February 2, 2002		53 Weeks Ended February 3, 2001		52 Weeks Ended January 29, 2000		52 Weeks Ended January 30, 1999
EARNINGS:
Pre-tax income from continuing operations and before cumulative effect of accounting change	(15,899	)	109,985		523		115,599		302,198		23,797
Fixed charges	135,196		194,828		202,773		228,106		216,410		175,869
Capitalized interest	(1,937	)	(2,897	)	(4,757	)	(12,507	)	(14,832	)	(4,243	)
Total Earnings	117,360		301,916		198,539		331,198		503,776		195,423
FIXED CHARGES:
Interest expense	82,926		124,052		131,039		149,995		138,968		110,971
Capitalized interest	1,937		2,897		4,757		12,507		14,832		4,243
Portion of rental expense	50,333		67,879		66,977		65,604		62,610		60,655
Total Fixed Charges	135,196		194,828		202,773		228,106		216,410		175,869
Ratio of Earnings to Fixed Charges	0.9		1.5		1.0		1.5		2.3		1.1