Saks Incorporated
News and overview for Saks Incorporated
Saks Incorporated Announces Results for the Third Quarter and Nine Months Ended October 31, 2009 [Press Release]
Business Wire | 5 days 21 hours 50 minutes ago
Retailer Saks Incorporated (NYSE: SKS) (“Saks” or the “Company”) today announced results for the third quarter and nine months ended October 31, 2009.
Saks Incorporated Announces October Comparable Store Sales Increase [Press Release]
Business Wire | 17 days 21 hours 20 minutes ago
Retailer Saks Incorporated (NYSE: SKS) (the “Company”) today announced that owned sales totaled $219.8 million for the four weeks ended October 31, 2009 compared to $216.0 million for the four weeks ended November 1, 2008, a 1.8% increase. Comparable store sales increased 0.7% for the month.
Saks Incorporated to Present at Citi s 6th Annual Small/Mid Cap Conference [Press Release]
Business Wire | 13 days 13 hours 20 minutes ago
Stephen I. Sadove, Chairman and Chief Executive Officer of Saks Incorporated (NYSE: SKS), will make a presentation at Citi's 6th Annual Small/Mid Cap Conference at 12:50 p.m. Eastern Time on Thursday, November 19, 2009, at Citi’s Conference Center at 388 Greenwich Street in New York City. A webcast of the presentation may be accessed at: http://www.veracast.com/webcasts/citigroup/smid09/88108291.cfm.
Fitch: Increased Stability Expected in 2010 for U.S. Retail due to Improved Cash Flow & Liquidity [Press Release]
Business Wire | 4 days 21 hours 33 minutes ago
Fitch Ratings expects increased stability in ratings for U.S. retailers and a long-term stable outlook for the sector in 2010. Some Negative Rating Outlooks may migrate to Stable if sales trends stabilize, margins improve on better inventory positions and cash flow generation and liquidity remain adequate. A few Negative Outlooks have been revised to Stable in recent months with 10 companies or 37% of U.S. retailers under coverage having Negative Rating Outlooks compared to 12 companies or 44...
Fitch Solutions: Widening CDS Spreads, Rising Liquidity Point to Uncertainty for Dell [Press Release]
Business Wire | 5 days 17 hours 5 minutes ago
Rising liquidity and widening CDS spreads are indicating uncertainty for one of the United States' largest chipmakers, according to Fitch Solutions in its latest update on Global CDS Spreads/Liquidity Scores for companies scheduled to come out with earnings announcements in the coming week.
October sales offer relief to merchants
Orlando Sentinel (Fla.) | 17 days 18 hours 27 minutes ago
NEW YORK (AP) — Consumers, enticed by cooler weather and an improving economy, spent a little more in October, handing the retail industry its second consecutive monthly sales gain after more than a year of declines.
Consumers likely trimmed borrowing for 8th straight month in Sept., could weigh on recovery -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 16 days 23 hours 1 minute ago
WASHINGTON (AP) — Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery.
The big list: October results at 30 major retailers
Orlando Sentinel (Fla.) | 17 days 11 hours 55 minutes ago
How October sales at 30 chains compared with October 2008:
Consumers likely trimmed borrowing for 8th straight month in Sept., could weigh on recovery
Orlando Sentinel (Fla.) | 16 days 23 hours 4 minutes ago
WASHINGTON (AP) — Consumers likely reduced their borrowing for an eighth straight month in September, as layoffs continue and credit remains tight. The declines in borrowing are expected to drag on the fledgling economic recovery.
Cramer: 2 Stocks to Play Park Avenue's Return to Excess
CNBC | 17 days 7 hours 17 minutes ago
“The rich, at long last, are spending again,” Cramer said during Thursday’s Mad Money.
Niacin shrinks artery plaque; Merck's Zetia does not and may carry risks, new study finds -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 6 days 22 hours 26 minutes ago
ORLANDO, Fla. (AP) — A new study raises fresh concerns about Zetia and its cousin, Vytorin — drugs still taken by millions of Americans to lower cholesterol, despite questions raised last year about how well they work.
Plush: Holiday season glimmers with dramatic and luxurious fashion
Pittsburgh Post-Gazette | 5 days 4 hours 30 minutes ago
The holiday season is upon us and it's time to start dreaming, celebrating and creating magical memories.
Stores focus on traditional in displays and offerings for the holidays -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 24 days 15 hours 21 minutes ago
NEW YORK (AP) — It may just be coming up on Halloween to the casual observer, but for retailers, more wintry holidays have already arrived. How some major retailers are displaying holiday wares so far this year:
News Roundup: Google's GPS
Reuters | 24 days 22 hours 26 minutes ago
By caitlin.mcdevitt - The Big Money Yesterday Google (GOOG) announced its plans to offer free mobile GPS, reports the New York Times.
Cholesterol-lowering statin drugs like Lipitor, Zocor, may improve flu survival, study finds -- South Florida Sun-Sentinel.com
Sun-Sentinel (Fort Lauderdale, Fla.) | 24 days 10 hours 37 minutes ago
A new treatment for swine flu may already be on pharmacy shelves — cholesterol-lowering statin drugs like Lipitor and Zocor .
Sign up for GMA SmartBrief
Company Overview
| Company: | Saks Incorporated |
|---|---|
| Industry: | Department Stores |
| Website: | http://www.saksincorporated.com |
Once one of the top US department store operators, Saks Incorporated has retrenched to focus solely on its luxury Saks Fifth Avenue business. The company has dismantled an empire of some 375 middle-market department stores under 10 different banners (including Bergner's, Carson Pirie Scott, and Parisian) to stake its future on about 100 Saks Fifth Avenue department stores and outlet stores under the Off 5th banner. The sales in 2006 of its Northern Department Store Group and Parisienne business moved the retailer into the luxury market. Founded in 1919 as Profitt's, the firm bought renowned luxury retailer Saks Holdings (owner of Saks Fifth Avenue and Off 5th) and adopted the high-dollar Saks name.
Key Numbers
| Sales in U.S. Dollars (mil.) | 3,029.7 (2009) |
|---|---|
| One-year % Growth in Sales | -7.7 (2009) |
| Net Income in U.S. Dollars (mil.) | -154.9 (2009) |
| One-year % Growth in Net Income | 0.0 (2009) |
| Number of Employees | 13,000 (2009) |
| One-year % Growth in Number of Employees | -22.2 (2009) |
| Fiscal Year-End | January |