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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(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") 08/21/2012   S V 2,500 D $ 11.7703 25,337,500 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.7733 25,335,000 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.804 25,332,500 D  
Saks Shares 08/21/2012   S V 2,400 D $ 11.8054 25,330,100 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8084 25,327,600 D  
Saks Shares 08/21/2012   S V 1,795 D $ 11.8111 25,325,805 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8118 25,322,805 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8133 25,319,805 D  
Saks Shares 08/21/2012   S V 5,000 D $ 11.8135 25,314,805 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8164 25,311,805 D  
Saks Shares 08/21/2012   S V 1,666 D $ 11.8218 25,310,139 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8234 25,307,139 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8249 25,304,139 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8259 25,301,139 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.833 25,298,139 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8349 25,295,639 D  
Saks Shares 08/21/2012   S V 1,400 D $ 11.84 25,294,239 D  
Saks Shares 08/21/2012   S V 3,000 D $ 11.8489 25,291,239 D  
Saks Shares 08/21/2012   S V 2,000 D $ 11.8507 25,289,239 D  
Saks Shares 08/21/2012   S V 5,000 D $ 11.8532 25,284,239 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8535 25,281,739 D  
Saks Shares 08/21/2012   S V 5,000 D $ 11.86 25,276,739 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8601 25,274,239 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8609 25,271,739 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8635 25,269,239 D  
Saks Shares 08/21/2012   S V 500 D $ 11.87 25,268,739 D  
Saks Shares 08/21/2012   S V 2,000 D $ 11.8704 25,266,739 D  
Saks Shares 08/21/2012   S V 3,400 D $ 11.8713 25,263,339 D  
Saks Shares 08/21/2012   S V 4,000 D $ 11.8725 25,259,339 D  
Saks Shares 08/21/2012   S V 2,500 D $ 11.8734 25,259,839 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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   08/22/2011
**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:
This is the seventh part of a nine - part filing on Form 4 by the Reporting Persons.

See attached Exhibit 99-1 to Form 4, which is hereby incorporated herein by reference.

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.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.