Saks (SKS) Sept Comps Down 10.9%, Sees Weak 2nd Half Results
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Saks Incorporated (NYSE: SKS) Sept comparable store sales decreased 10.9%. Owned sales totaled $273.2 million
Sales for September were below management's expectations. Management anticipates the extremely challenging economic environment will continue for the balance of the fiscal year and that comparable store sales for the second half of the fiscal year will fall below its previous expectation of flat to a low-single digit decline.
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