Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
INMOBILIARIA CARSO S A DE C V
  2. Issuer Name and Ticker or Trading Symbol
SAKS INC [SKS]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
Affiliates - see Exhibit 99-1.
(Last)
(First)
(Middle)
LAGO ZURICH 245, PRESA FALCON, PISO 20, GRANADA AMPLIACION
3. Date of Earliest Transaction (Month/Day/Year)
08/20/2012
(Street)

DISTRITO FEDERAL, O5 11529
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock, par value $0.10 per share ("Saks Shares") 08/20/2012   S   4,000 D $ 11.7409 26,516,000 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7418 26,506,000 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7473 26,496,000 D  
Saks Shares 08/20/2012   S   4,000 D $ 11.7481 26,492,000 D  
Saks Shares 08/20/2012   S   6,000 D $ 11.75 26,486,000 D  
Saks Shares 08/20/2012   S   3,000 D $ 11.7501 26,483,000 D  
Saks Shares 08/20/2012   S   7,000 D $ 11.7502 26,476,000 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7508 26,466,000 D  
Saks Shares 08/20/2012   S   6,500 D $ 11.7509 26,459,500 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7512 26,449,500 D  
Saks Shares 08/20/2012   S   2,000 D $ 11.7526 26,447,500 D  
Saks Shares 08/20/2012   S   3,000 D $ 11.7549 26,444,500 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.76 26,434,500 D  
Saks Shares 08/20/2012   S   4,000 D $ 11.7607 26,430,500 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7608 26,420,500 D  
Saks Shares 08/20/2012   S   5,000 D $ 11.7618 26,415,500 D  
Saks Shares 08/20/2012   S   2,000 D $ 11.762 26,413,500 D  
Saks Shares 08/20/2012   S   5,000 D $ 11.7621 26,408,500 D  
Saks Shares 08/20/2012   S   9,000 D $ 11.7628 26,399,500 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7634 26,389,500 D  
Saks Shares 08/20/2012   S   4,000 D $ 11.7643 26,385,500 D  
Saks Shares 08/20/2012   S   5,000 D $ 11.7645 26,380,500 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7649 26,370,500 D  
Saks Shares 08/20/2012   S   22,800 D $ 11.765 26,347,700 D  
Saks Shares 08/20/2012   S   5,000 D $ 11.7664 26,342,700 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7665 26,332,700 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7669 26,322,700 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7676 26,312,700 D  
Saks Shares 08/20/2012   S   5,000 D $ 11.7678 26,307,700 D  
Saks Shares 08/20/2012   S   10,000 D $ 11.7684 26,297,700 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
INMOBILIARIA CARSO S A DE C V
LAGO ZURICH 245, PRESA FALCON, PISO 20
GRANADA AMPLIACION
DISTRITO FEDERAL, O5 11529
    X   Affiliates - see Exhibit 99-1.

Signatures

 Eduardo Valdes Acra, Attorney-in-Fact   08/22/2012
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
 
Remarks:
See attached Exhibit 99-1 to Form 4, which is hereby incorporated herein by reference.

This is the first part of a nine - part filing on Form 4 by the Reporting Persons.

Exhibits

99.1 Explanation of Responses.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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