Content about Saks

May 3, 2012
Spending slows at big retailers in April; Macy’s, Target, Kohl’s, Costco fall short of expectations

Macy's Inc., Target Corp., Kohl’s, Saks and Costco’s Wholesale Corp. all reported results that fell short of expectations in April.

November 3, 2011
October sales generally up, but short of estimates; Buckle leads apparel

Consumer spending slowed in October, sending a note of caution as retailers head into the holiday season.

October 25, 2011
Saks Off 5th hires former Barneys exec for VP post

A report by Women’s Wear Daily said that the outlet division of Saks has named a former Barneys executive as its new VP.

October 21, 2011
Saks Off 5th to close in Morrisville, N.C.

New York City -- Saks plans to close its 20,000-sq.-ft. Saks Fifth Avenue Off 5th store in Triangle Factory Outlets in Morrisville, N.C., (metropolitan Raleigh) by Jan. 1.

The company opened a 30,000-sq.-ft. Off 5th location in Tanger Outlet Center of the Piedmont in nearby Mebane, N.C., in 2010, which will serve as a replacement store for the closing location. The new Mebane store was designed in the chain’s loft” format that debuted in 2008 and which redefined and elevated the outlet shopping experience.

September 14, 2011
Saks appoints marketing head

Saks has named Denise Incandela to the newly created role of chief marketing officer for Saks Fifth Avenue.

September 12, 2011
Saks Off 5th to open at Village Square of Northbrook

Oakbrook, Ill.-based Mid-America Asset Management said that Saks has signed a lease for 25,900 sq. ft. at Village Square of Northbrook in Northbrook, Ill., to open its third Saks Fifth Avenue Off 5th store in Chicagoland.

August 23, 2011
Report: Billionaire Carlos Slim ups stake in Saks

Mexican billionaire Carlos Slim, through his Inmobiliaria Carso SA investment fund, spent $8.8 million to up his stake in Saks, according to Bloomberg.

August 16, 2011
Saks narrows loss in Q2

Saks reported Tuesday that it has tightened its losses in the quarter ended July 30, posting a loss of $8.4 million compared with a loss of $32.2 million in the year earlier period.

August 4, 2011
Macy’s, Saks and J.C. Penney beat Street in July, Kohl’s disappoints as sales fall

Department store retailers registered solid gains in July, with Macy’s, Saks and J.C. Penney all beating analysts’ estimates. Kohl’s, however, fell short of estimates as its sales fell.

July 5, 2011
Saks to open department store in Kazakhstan

Saks said Tuesday it will open a licensed Saks Fifth Avenue store in Almaty, Kazakhstan, in August 2012.

June 2, 2011
Retailers turn in mixed results for May; Costco, Macy’s and Saks shine

A sluggish economy, cool weather and high prices at the pump tempered retail sales in May, as retailers reported mixed results for the month.

May 17, 2011
Saks Fifth Avenue’s Off 5th to up store count in 2011

Saks’ Off 5th outlet division announced Tuesday that it plans to open four new stores this year – Kansas City, Oklahoma City, Northbrook, Ill., and Charleston, S.C.

May 17, 2011
Saks reports Q1 profit soars 51%

Citing a strong rebound in luxury spending, Saks reported Tuesday that net income for the quarter ended April 30 soared 51% to $28.4 million, compared with $18.8 million in the year-ago period.

April 7, 2011
Nordstrom and Saks lead department stores in March

Showing that luxury is experiencing measurable bounce in the recovering economy, the higher-end department stores led the same-store sales pack in March.

March 30, 2011
Saks extends credit agreement to 2016, revises terms

Saks said Tuesday that lenders have agreed to amend a $500 million revolving credit agreement that now extends to 2016.

March 11, 2011
The boomer woman shopper: She can make your career

You have almost certainly read or heard a dozen news stories this year that begin something like this: “The first Baby Boomer is turning 65 in 2011 . . .”

February 23, 2011
Saks swings to profit in Q4

Saks returned to profitability in its fiscal fourth quarter as the chain sold more items at full-price and used fewer promotions.

February 11, 2011
Reinvented Department Stores and Malls See Robust Rebound

Department stores and shopping centers malls are gaining market share for the first time in three decades, according to consultants Customer Growth Partners, and this month most will report their best annual earnings in years -- if not ever.

February 3, 2011
J.C. Penney disappoints, Dillard’s shines in January

Dillard’s was the clear winner in the department store category in January, posting a same-store sales increase of 6%, which edged results from both Macy’s and Saks.

January 5, 2011
Saks to close Denver store

Saks on Wednesday announced it plans to close its Saks Fifth Avenue store located in the Cherry Creek Mall in Denver, Colo., on March 19.

November 16, 2010
Saks profit surges in Q3

Saks reported Tuesday that its net income rose to $36.3 million for the quarter ended Oct. 30, up from $6.3 million in the year-ago period.

October 20, 2010
Della Valle increases stake in Saks

A report released Thursday by the Financial Times said that Diego Della Valle, the Italian...

October 4, 2010
Saks to close two additional underperforming stores

Saks said Tuesday it is closing two more underperforming stores....

August 16, 2010
Saks Q2 loss narrows, closing two additional stores

Saks said Tuesday that it narrowed its loss for the quarter ended July 31 to...

June 2, 2010
Kohl’s, Macy’s and Saks top expectations in May, J.C. Penney disappoints

Despite unseasonable weather throughout much of the country and a shift in the timing of...

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