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 1q Comp. Sales +6.1%

(Filed Under Financial and General Interest News). Despite recent announcements that it will close three stores this July, Saks Incorporated’s sales remained steady during the first quarter ended May 1, 2010.

The company cited a 6.1 percent increase in comparable store sales. Net sales increased 6.9 percent, to $667.4 million from $624.3 million. Store sales at the New York City flagship continued to exceed the company’s aggregate comparable store sales performance. Saks Direct posted a comparable store increase of approximately 33 percent.

“I am very pleased with our first quarter operating performance,” Stephen I. Sadove, chairman and chief executive officer of the company, said. “These results exceeded our expectations and were driven by comparable store sales growth, gross margin expansion and expense leverage. The Saks team has carefully navigated through the challenging environment, and we are now moving cautiously from defense to offense.”

Saks Incorporated currently operates 53 Saks Fifth Avenue stores and 55 OFF 5TH stores.

more Financial and General Interest News >>

Published 05-18-2010 by Amanda Torres Price

Related Articles

Saks 3q Sales Up 5.1%
Saks to Close N.C. OFF 5TH Store
Saks Names Incandela Chief Marketing Officer
Saks 2q Loss Narrows
Saks To Open in Kazakhstan
Saks 1q Sales Rise 51%
Saks 4q Sales Exceed Expectations
Saks Plans To Open New OFF 5TH
Saks To Close Denver Store
Saks 1q Comp. Sales +6.1%

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.

Related pictures

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