Saks Inc.


Warmer Weather Chills October Retail Sales

Retail Sales

Unseasonably warm weather in much of the United States along with still cautious consumers resulted in mixed sales for October, … [Read more...]

Della Valle Becomes Saks Largest Shareholder

Diego Della Valle

Milan—Italian businessman Diego Della Valle, owner of footwear and accessories brand Tod’s, became the largest shareholder in Saks … [Read more...]

Della Valle Ups Stake in Saks Inc.

Diego Della Valle

Sant’elpidio A Mare, Italy—Italian businessman  Diego Della Valle, who owns Tod’s footwear and accessories, continued to build up … [Read more...]

Back to School Bolsters Sept. Sales

Back to School

As parents bought back to school merchandise closer once again, September retail sales showed solid gains besting Wall Street’s … [Read more...]

August Sales Exceed Expectations

Shopping Bags

While temperatures heated up much of the United States in August, retail sales warmed up a bit too, beating Wall Street estimates. … [Read more...]

Saks Inc. Narrows Q2 Loss, Improves Margins

Saks Fifth Avenue flagship

New York--Saks Inc.'s fiscal second-quarter loss narrowed on rebounding sales and improved margin due to better inventory … [Read more...]

Wall Street Calls July Retail Sales “Tepid”

Shopping

New York--While July sales reported by 30 retailers today were up 3% overall, they fell short of the 3.2% increase market analysts … [Read more...]

June Sales Mixed as Promotions Increase

June Sales

New York--While retailers are still reporting in on their June sales figures--most of which turned out to be a mixed bag--market … [Read more...]

May Retail Comps Bode Caution

Mall shopping photo

New York--We’re not out of the woods yet. Retailers posted their May comps and it’s clear that a major turnaround is not yet here. … [Read more...]

Saks Inc Beats Quarterly Earnings Estimates

Saks Fifth Avenue flagship

New York--Saks Inc (SKS.N) reported a better-than-expected quarterly profits Tuesday as luxury spending rebounded strongly and the … [Read more...]

April Retail Sales Muted but Still Respectable

Shopping

As April retail sales results began spilling in today, many reported weaker-than-expected performances on same-store sales, often … [Read more...]

Luxury Consumers Willing to Splurge Again

Rodeo Drive, Beverly Hills

New York—Apparently, wealthy customers could only hold out for so long before splurging again! Retail chains posted a 3.7% … [Read more...]