Saks Incorporated (SKS) May Comparable Store Sales Down 26.6%
Saks Incorporated (NYSE: SKS) comparable store sales decreased 26.6% for the month.
On a year-to-date basis, for the four months ended May 30, 2009, owned sales totaled $781.1 million compared to $1,066.4 million for the four months ended May 31, 2008, a 26.7% decrease. Comparable store sales decreased 27.4% for the four-month period.
Management continues to estimate that comparable store sales will decline in the mid-teen range for the second fiscal quarter.
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