Saks (SKS) May Comps Fell 8.7%
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Saks Incorporated (NYSE: SKS) May comparable store sales decreased 8.7% for the period. Total sales for May also fell 8.7% to $227.2 million.
Sales performance for May was negatively affected by the acceleration of a spring season clearance event into the last week of April this year from the first week of May last year. For the two months combined, comparable store sales increased 8.6%.
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