Saks (SKS) Feb Comps Down 26%
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Saks Incorporated (NYSE: SKS) February comparable store sales decreased 26.0% for the month.
Owned sales totaled $166.7 million for the four weeks ended February 28, 2009 compared to $227.6 million for the four weeks ended March 1, 2008.
The Company experienced continued weakness across all merchandise categories, particularly in women’s apparel. Categories and businesses at Saks Fifth Avenue with relative strength in February were eveningwear, fragrances, women's and men's accessories, and OFF 5TH.
Owned sales totaled $166.7 million for the four weeks ended February 28, 2009 compared to $227.6 million for the four weeks ended March 1, 2008.
The Company experienced continued weakness across all merchandise categories, particularly in women’s apparel. Categories and businesses at Saks Fifth Avenue with relative strength in February were eveningwear, fragrances, women's and men's accessories, and OFF 5TH.
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