top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Saks Posts Unexpected Profit

(Filed Under Financial and General Interest News). Luxury retailer Saks Incorporated cited an unexpected profit improvement for the third quarter ended October 31, 2009, compared to the profit loss during last year’s third quarter. This year, the company posted a profit of $1.9 million, or 1 cent per share, compared to a loss of $43.7 million, or 32 cents per share, during the same period in 2008.

This modest profit was in spite of a 10.1 percent comparable store sales decline. For the nine months ended October 31, 2009, comparable store sales plunged 18.5 percent. However, despite Saks Fifth Avenue stores continued weakness, the company reported improvement in certain merchandise categories, including select apparel categories, toward the end of the quarter.

Stephen I. Sadove, chairman and chief executive officer of the company, commented: “We were able to post a modest third quarter profit due to our improved gross margin performance and diligent expense control, in spite of our comparable store sales decline.”

At the end of the third quarter, Saks Incorporated operated 53 Saks Fifth Avenue stores and 55 OFF 5TH stores.

more Financial and General Interest News >>

Published 11-19-2009 by Amanda Torres Price

Related Articles

Saks Posts Unexpected Profit
Saks Store Sales Drop 15.5%

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow