Saks and Inspirato Incorporated have entered into a strategic marketing partnership. Through the new partnership, nearly 3,000 Saks stylists will be empowered as Inspirato brand ambassadors to introduce their clients to Inspirato's luxury travel subscription offerings, both online and in Saks Fifth Avenue stores. As a key component of the relationship, which is expected to launch in the second quarter of 2023, Saks stylists will
receive comprehensive training on Inspirato's luxury travel subscription offerings. Saks stylists will then introduce
Inspirato and its benefits to their clients with support from Inspirato's sales team and a variety of brand collaborations. As part of the agreement, all Inspirato members will be invited to apply for the SaksFirst Card, so that they can participate in the SaksFirst Rewards Program. Upon approval, they will be eligible for an elevated SaksFirst status level based on their annual Inspirato spend. SaksFirst members enjoy access to a variety of VIP benefits depending on their status, including complimentary gift cards, participation in Saks Beauty Rewards, invitations to special events and early access to sales.