Saks (SKS) Posts 5.8% Increase in Comps for May
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Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $177.4 million for the four weeks ended May 29, 2010 compared to $166.0 million for the four weeks ended May 30, 2009, a 6.9% increase. Comparable store sales increased 5.8% for the month.
On a year-to-date basis, for the four months ended May 29, 2010, owned sales totaled $834.3 million compared to $781.1 million for the four months ended May 30, 2009, a 6.8% increase. Comparable store sales increased 6.0% for the four months.
For May, the strongest categories at Saks Fifth Avenue stores were women’s apparel, shoes, handbags, and accessories and men’s tailored clothing and accessories. The Company reduced its year-over-year promotional activity in May.
On a year-to-date basis, for the four months ended May 29, 2010, owned sales totaled $834.3 million compared to $781.1 million for the four months ended May 30, 2009, a 6.8% increase. Comparable store sales increased 6.0% for the four months.
For May, the strongest categories at Saks Fifth Avenue stores were women’s apparel, shoes, handbags, and accessories and men’s tailored clothing and accessories. The Company reduced its year-over-year promotional activity in May.
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