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 â??Companyâ?) 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
womenâ??s designer and â??gold rangeâ? apparel, womenâ??s shoes, handbags,
fashion jewelry, menâ??s apparel, and menâ??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

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