Press release from Business Wire
Saks Incorporated Announces May Comparable Store Sales
Thursday, June 03, 2010
Saks Incorporated Announces May Comparable Store Sales08:30 EDT Thursday, June 03, 2010 NEW YORK (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) (the “Company”) today announced that owned sales totaled $177.4 million for the four weeks ended May 29, 2010 compared to $166.0 million for the four weeks ended May 30, 2009, a 6.9% increase. Comparable store sales increased 5.8% for the month. On a year-to-date basis, for the four months ended May 29, 2010, owned sales totaled $834.3 million compared to $781.1 million for the four months ended May 30, 2009, a 6.8% increase. Comparable store sales increased 6.0% for the four months. For May, the strongest categories at Saks Fifth Avenue stores were women's apparel, shoes, handbags, and accessories and men's tailored clothing and accessories. The Company reduced its year-over-year promotional activity in May. Saks Incorporated operates 53 Saks Fifth Avenue stores, 55 Saks OFF 5TH stores, and saks.com.