Saks (SKS) Reports October 2009 Store Sales, Comps Up
Saks Incorporated (NYSE: SKS) 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.
For the third quarter ended October 31, 2009, owned sales totaled $622.7 million compared to $682.0 million for the third quarter ended November 1, 2008, an 8.7% decrease. Comparable store sales decreased 10.1% for the quarter.
On a year-to-date basis, for the nine months ended October 31, 2009, owned sales totaled $1,794.3 million compared to $2,175.3 million for the nine months ended November 1, 2008, a 17.5% decrease. Comparable store sales decreased 18.5% for the nine-month period.
Management continues to estimate that comparable store sales will decline in the mid-to-high single digit range in the aggregate for the second half of fiscal 2009.
Related Categories
Retail SalesStocks Mentioned
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
