Saks Inc.


March Retail Gets Boost from Easter Sales

Easter Shopping

New York—While last month may have been the warmest March in more than 50 years, what really helped lift March retail sales were … [Read more...]

A Warm February: A Boost to Spring Merchandise Sales?

beachthumb

Berwyn, PA—If this winter seems abnormally warm, this month is going down as the driest in 10 years with much below normal … [Read more...]

Saks Q4 Beats Estimates as Demand for Luxury Rises

Tori Burch at Saks Fifth Avenue. Handbags have been a top performer for the retailer.

New York—Buoyed by the upward swing in luxury sales, Saks Inc. reported today that its fourth quarter profit and sales beat … [Read more...]

Saks to Open Online Distribution Center in Tennessee

Saks Inc.

La Vergne, TN—Saks Inc. reported this week that it plans to build a new 564, 000 square foot distribution facility here adding to … [Read more...]

January Comp Sales Reflect Holiday Hangover

Retail Sales

New York—Normally a weaker month for sales anyway, January turned out to be a mixed bag for retailers. Following of the heels … [Read more...]

December Comp Sales Rise 3.3% on Mixed Holiday Results

Blizzard Tarnish December Retail Sales

New York—“Sales were decent but not great.” That’s how Ken Perkins, president of Retail Metrics, summed up today’s December … [Read more...]

Black Friday Success Bolsters November Retail Comps

Black Friday Shoppers 2011

New York—A warmer than usual November along with consumers holding off spending for Black Friday weekend resulted in mixed … [Read more...]

Saks Inc. Q3 Profit Declines, But Still Beats Forecast

Handbags, along with jewelry and footwear, were strong sellers during third quarter at Saks Fifth Avenue

New York—Saks Inc. posted today a 51% decline in its third quarter profit, but the upscale retailer still beat forecasts as its … [Read more...]

October Comp Sales Up, But Still Disappointing

October Sales

New York—Major retailers reported today their October comparable store sales were up 3.4% in total from last year, but below … [Read more...]

Despite Irene, August Retail Comp Sales Rise

Bloomingdale's Manhattan flagship boarded up ahead of Hurricane Irene's landfall last week.

New York—While Hurricane Irene may have dampened retail sales especially on the East Coast, the storm didn’t hinder sales at … [Read more...]

Saks Inc. Narrows Q2 Loss as Full-Price Selling Rises

Saks Inc. recently rolled out Saks Fashion Fix, a full fledged flash sale website

New York--Saks Inc. posted today a narrowed second quarter loss as comparable store sales increased, helped by more regular price … [Read more...]

July Retail Sales Surprise, Stronger Than Expected

Shopping

New York—Although July retail sales were down from a year ago, many retailers defied doom and gloom expectations to post … [Read more...]