Saks Inc.


NRF Asks U.S. Judge to Reject Swipe Fee Settlement

Swipe Fees

Washington—The National Retail Federation (NRF) and a broad cross-section of retailers asked a federal judge on Tuesday to reject … [Read more...]

Week in Review: Top Articles Online

isabella2

New York--As retailers struggled through some not-so-pleasing first quarter earnings reports this week, several reasons for … [Read more...]

Report: Neiman Marcus + Saks Deal Pending?

neiman_marcus_saks_fifth_avenue

New York—Could longtime luxury retail rivals Neiman Marcus and Saks Inc. be headed for a corporate marriage? That’s the rumor … [Read more...]

Saks Inc. Beats Earnings Estimates Despite 38% Profit Decline

Saks Fifth Avenue flagship

New York—Saks Inc. today reported that its first quarter profit sank 38% from last year, but its adjusted figures actually beat … [Read more...]

Saks Inc. Posts Q4 Profit Decline, But Still Beats Forecasts

Saks Fifth Avenue

New York—Despite sales at some of its Saks Fifth Avenue and Off Fifth stores being negatively affected by Superstorm Sandy, Saks … [Read more...]

Saks Inc. Q3 Profit Meets Expectations; “Optimistic” About Q4

10022-SHOE: Footwear was one of Saks Fifth Avenue's bestselling categories during third quarter.

New York—Saks Inc. reported today a “modest” 27% increase in its third quarter profit thanks to higher comparable store sales and … [Read more...]

Saks Inc. Q2 Posts Loss, Sales Gain

Model with Anya Hindmarch bag by Saks Fifth Avenue's photo blogger Phil Oh.

New York—Despite an increase in sales, Saks Inc. reported today that its second quarter loss widened due to costs associated with … [Read more...]

July Retail Comp Sales Give Surprising Results

Do July comparable store sales indicate good things for the back to school season?

New York—Credit the stifling temperatures in many parts of the nation that sent consumers indoors seeking refuge in the cool of … [Read more...]

A “Volatile” June Makes for Disappointing Sales Comps

Retail Sales

New York—A combination of bad weather mixed with “stagnant” macroeconomic pressures created a recipe for a disappointing June at … [Read more...]

May Retail Comp Sales Mostly Rise on Mother’s Day Sales

Retail Sales

New York—Helped by a later Mother’s Day, the second biggest gift holiday after Christmas, and continued consumer spending on … [Read more...]

Saks Q1 Profit Rises, Sales Solid Not “Robust”

Saks Inc. plans to invest more in certain categories, notably footwear

New York—Saks Inc. posted today a 13% gain in its first quarter income as regular priced sales increased but still missed … [Read more...]

April Retail Comp Sales: Worst in 2 Years

Retail Sales

New York—After better-than-expected comparable store sales results in February and March, April disappointed. In fact, comparable … [Read more...]