News on Saks Inc.

Saks Feb. key sales figure rises, misses Street

2010-03-04T09:01:19Z

<div id="subtitle">Saks February key sales figure climbs but misses estimates of steeper gains</div><div><p>Saks Inc. said Thursday that a key sales figure rose last month, but not as much as analysts expected.</p><p>The luxury retailer said sales at stores open at least a year rose 2 percent in the four-week period ending Feb. 27. Analysts surveyed by Reshma Shetty Z Spoke by Zac Posen launch event held at Saks Fith Avenue - Arrivals New York City, USA - 24.02.10

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z spoke by zac posen

2010-02-25T19:02:11Z

Rick Pepino Z Spoke by Zac Posen launch event held at Saks Fith Avenue. New York City, USA - 24.02.10

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Saks posts smaller loss in 4Q

2010-02-24T12:00:09Z

<div id="subtitle">Saks posts smaller loss in 4Q on less discounting, but offers cautious sales outlook</div><div><p>Luxury retailer Saks Inc. is counting on exclusive merchandise and an emphasis on lower prices this year to drive sales increases after reporting a slimmer loss in the fourth quarter, helped by fewer clearance sales.</p><p>But the merchant, based in New...

Earns Saks

2010-02-24T06:01:04Z

A sign for Saks Fifth Avenue is shown at the department store, Tuesday, Feb. 23, 2010, in New York. Luxury retailer Saks Inc. said Wednesday, Feb. 24, its loss narrowed the fourth quarter compared with last year, when results were weighed down by a pension charge related to layoffs.(AP Photo/Mark Lennihan)

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Earnings Preview: Saks

2010-02-22T12:45:28Z

<div id="subtitle">Saks's 4Q will be scrutinized for sales forecasts, insight into affluent shoppers' behavior</div><div><p>Saks Inc. reports its fourth-quarter results before the market opens on Wednesday.</p><p>WHAT TO WATCH FOR: Any new confirmation that affluent shoppers are spending more on clothing and furnishings. And the company's forecasts for spending in coming months.</p><p>Like many luxu...

U.S. department stores in fight for market share

2010-02-22T08:27:22Z

<div><p>NEW YORK (Reuters) - U.S. department stores are by and large set to report far better earnings in the coming week than they did a year ago in the thick of retail meltdown.</p><p>That's the easy part.</p><p>The hard part for laggards like Saks Fifth Avenue New York City, USA - 11.02.10

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jimmy choo launch

2010-02-12T18:02:46Z

Meredith Ostrom at the launch of CHOO 24:7 at Saks Fifth Avenue New York City, USA - 11.02.10

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Cadmium Jewelry

2010-02-04T15:46:33Z

This photo provided by Charles Margulis taken on Feb. 1, 2010 in Oakland, Calif. shows a black-colored link necklace purchased at the retailer Off 5th, the outlet chain of Saks Fifth Avenue. Concern about the heavy metal cadmium in jewelry grew Tuesday Feb. 2, 2010, as a California envir...

2 stores pull necklaces on toxic cadmium concern

2010-02-22T11:44:00Z

<div id="subtitle">Aeropostale, Saks outlets pull necklaces with cadmium amid growing fears about health risks</div><div><p>The teen fashion chain Aeropostale and outlet stores of upscale Saks Fifth Avenue have pulled from shelves necklaces that an environmental group's tests showed have high levels of the toxic metal cadmium.&a...

Cadmium found in adult jewelry; 1 store pulls item

2010-02-22T12:30:11Z

<div id="subtitle">Concerns expand as heavy metal cadmium found in adult jewelry; 1 retailer pulls bracelet</div><div><p>Concern about the heavy metal cadmium in jewelry grew Tuesday as a California environmental group said new testing of adult necklaces and bracelets bought at three leading retailers, including Saks Fifth Avenue and

Saks December sales comparison jumps

2010-02-23T00:04:49Z

<div id="subtitle">Saks sales comparison rises in December, helped by shift of designer clearance event</div><div><p>Luxury retailer Saks Inc. said Thursday that sales in stores open at least one year jumped 9.9 percent in December, helped by a designer clearance event, but fell during the overall holiday period.</p><p>Analysts surveyed by Reuters) - The heavy snowstorm that swept the East Coast of the United States over the weekend may have cost retailers the potential for any upside to holiday sales, industry experts said on Monday.</p><p>The storm forced store closures for several hours on Saturday and kept shoppers at home in major ...

Storm threatens retailers' last holiday push

2010-02-23T14:23:15Z

<div><p>LOS ANGELES/CHICAGO (Reuters) - U.S. retailers' final weekend sales push before Christmas was under threat as a severe winter snowstorm struck the East Coast, forcing store closures and keeping shoppers at home on "Super Saturday."</...

Saks to cut 116 jobs at 5th Avenue store

2010-02-23T15:17:19Z

<div><p>NEW YORK (Reuters) - Saks Inc is cutting 116 jobs in the cosmetics and fragrance departments of its flagship Fifth Avenue store in New York as it moves to get outside vendors such as Chanel, Reuters) - Saks Inc &lt;SKS.N&gt; has informed about 116 workers at its flagship Fifth Avenue store that they would lose their jobs by the end of January, the New York Post reported, citing sources.</p><p>The job cuts, which are in the c...

Saks board gets rid of poison pill, changes bylaws

2010-02-23T16:09:18Z

<div id="subtitle">Saks Inc. board gets rid of poison pill bylaw adopted in 2008 to rebuff Mexico's Carlos Slim</div><div><p>Luxury retailer Saks Inc. said Monday its board moved up the expiration of a "poison pill" to Dec. 14, getting rid of a defensive measure it took last year against Mexican...

Saks ends rights plan to prevent takeover

2010-02-23T16:10:35Z

<div><p>NEW YORK (Reuters) - Saks Inc &lt;SKS.N&gt; said on Monday it was ending changes it made to its shareholders rights plan last year when it sought to prevent a potential hostile takeover by Mexican billionaire investor Carlos Slim Helu.</p>&...