Saks Inc (SKS)

Saks Incorporated operates Saks Fifth Avenue, one of the most upscale retailers of designer clothing, accessories, cosmetics, and home furnishings. Saks Incorporated also operates Off 5th Stores, which offer Saks Fifth Avenue clothing and accessories at a discount.

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Saks Incorporated Announces 7.0% Comparable Store Sales Increase in January


NEW YORK--(BUSINESS WIRE)--
Retailer Saks Incorporated (NYSE: SKS) (the ????Company?????) today announced
that owned sales totaled $158.9 million for the four weeks ended January
30, 2010 compared to $147.1 million for the four weeks ended January 31,
2009, an 8.0% increase. Comparable store sales increased 7.0% for the
month.


For the fourth quarter ended January 30, 2010, owned sales totaled
$797.7 million compared to $829.0 million for the quarter ended January
31, 2009, a 3.8% decrease. Comparable store sales decreased 4.8% for the
fourth quarter.


For the fiscal year ended January 30, 2010, owned sales totaled $2,592.0
million compared to $3,004.3 million for the fiscal year ended January
31, 2009, a 13.7% decrease. Comparable store sales decreased 14.7% for
the fiscal year.


For January, the strongest categories at Saks Fifth Avenue stores were
women????s designer and ????gold range????? apparel, women????s shoes, handbags,
fashion jewelry, men????s apparel, and men????s shoes. Saks Direct performed
well for the month.


Saks Incorporated operates 53 Saks Fifth Avenue stores, 55 Saks OFF 5TH
stores, and saks.com.


Source: Saks Incorporated

Events

  • February212012
    Saks Incorporated to Report Q4, 2011 Results on Feb 21, 2012
  • February242012
    Saks Incorporated expected to report Fiscal Year 2012 results on February 24, 2012. This event was calculated by Capital IQ (Created on November 23, 2011).
  • March 72012
    Saks Incorporated Presents at Bank of America Merrill Lynch 2012 Consumer & Retail Conference, Mar-07-2012
  • March282012
    Saks Incorporated Presents at 4th Annual Spring Consumer Conference, Mar-28-2012
  • August142012
    Saks Incorporated to Report Q2, 2012 Results on Aug 14, 2012

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