SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549

FORM 8-K

CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934

Date of report (Date of earliest event reported):
October 6, 2000

Saks Incorporated
(Exact Name of Registrant as Specified in Its Charter)

Tennessee
(State or Other Jurisdiction of Incorporation)

(205) 940-4000
(Registrant's Telephone Number, Including Area Code)

Item 5. Other Events.

Saks Incorporated (the "Company") issued a press release on July 19, 2000 announcing that its Board of Directors has unanimously approved plans for a strategic restructuring in which the Company will spin off its Saks Fifth Avenue, Saks Direct, and Saks Off 5th operations into a separate, publicly owned company. Saks Incorporated is releasing to analysts comparable stores sales information for Saks Incorporated, Saks Fifth Avenue Enterprises (the business proposed to be spun off) and Saks Incorporated's Department Store Group (the business to be retained). A copy of the information is being filed as Exhibit 99 to this form and is incorporated herein by reference.

Item 7. Financial Statements and Exhibits.

Exhibit No.	Description of Document
99	Comparable Stores Sales Information

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

SAKS INCORPORATED
(Registrant)

Date: October 6, 2000                                     

                                           nbsp;         By:  
                                                                  /s/Douglas E. Coltharp
                                                                  Executive Vice President and
                                                                  Chief Financial Officer

EXHIBIT INDEX