3 charged in Ohio in teen's restraint death Sep 3, 2009
Place an obit: (559) 441-6228. Web Search powered by YAHOO. (Fresno Bee -- Nation)
Purchases reveal mood among consumers now Aug 21, 2009
Fashionable denim is doing well at Saks Inc. stores, the high-level retailer said, noting that the trendiest brands do the best. WHAT WE'RE NOT: Clothes and home goods were weak in Target's second quarter, and Kathy Tesija, the executive vice president of merchandising, summed up the consumer mind-set in one word: "cautious.". (The Augusta Chronicle)
Saks posted 5th consecutive quarterly loss Aug 19, 2009
NEW YORK: Retailer Saks Inc. posted its fifth consecutive quarterly loss on Tuesday, as consumers continued to cut back on buying luxury fashion. But the loss wasn't as steep as expected, and the company's stock climbed in morning trading. (The Star Online, Malaysia -- Business)
Oil Rebounds Alongside Stocks to More Than $69 Aug 19, 2009
Retailers as wide-ranging as Home Depot and Saks Inc. reported quarterly losses on Tuesday, yet company shares rose with the U.S. market. "Oil moved with the market's massive mood swing as it tried to determine just where we are in the economic recovery," said PFGBest Research analyst Phil Flynn. (ABC News -- Wire)
Retailers' Results Top Estimates; Wariness Remains Aug 19, 2009
Retailer Saks Inc. said Tuesday its second-quarter loss widened as consumer spending on luxury fashion continued to languish, but the loss was not as big as analysts expected ... At Target Corp. and Home Depot Inc., profit fell but beat Wall Street expectations, while luxury merchant Saks Inc.'s second-quarter loss widened, though cutting costs helped it do better than analysts feared. (ABC News -- Wire)
Some industries still need workers Jul 20, 2009
Saks Inc. is hiring about 55 to work at its Jackson call center, but 45 jobs are seasonal. "There is no sign as yet of the start of recovery in employment," Marianne Hill, a senior economist with the state College Board, said. (The Clarion-Ledger)
Nations retailers report weak June sales Jul 10, 2009
Its rival, Saks Inc., reported a 4. 4 percent decline, beating Wall Streets expectations for a steeper drop after getting a boost from a designer sale event. (MSNBC -- Business)
Word on the street : My Girl opens second Fresno store at Fashion Fair Jul 6, 2009
Club Libby Lu closed after owner Saks Inc. announced it was closing all 98 stores. The My Girl store features merchandise such as kid-sized aprons, "bling-by-number" tote-bag decorating kits with stick-on rhinestones, and plenty of hair accessories. (Fresno Bee)
Escada CEO Optimistic Investors Will Approve Refinancing, Avert Insolvency Jul 3, 2009
About half of Escadas business is generated in its own shop network, while the other 50 percent is evenly distributed between franchise partners and wholesalers such as Saks Inc. or. Saelzer estimates the number of Escadas own stores will likely remain unchanged at about 175 globally in the future, while selling points at retailers will increase. (Bloomberg -- Europe)
Rivals band together to fight shoplifting rings Jun 16, 2009
Wal-Mart Stores Inc., Saks Inc., Ann Taylor Stores Corp. and others share information in the 2-year-old national database with the hope of stopping organized teams that take medicines, popular-brand clothes, video games and electronics items that can be quickly resold in small shops, flea markets and online. Im even amazed sometimes at what these guys do, said Jerry Biggs, who heads anti-organized crime efforts for the Walgreen Co. drugstore chain. (MSNBC -- Business)
May not happy for retailers Jun 6, 2009
Luxury chains and department-store operators continued to be the weakest sectors, with Saks Inc. and Neiman Marcus reporting double-digit declines. Discounters such as Ross Stores Inc. and teen apparel retailers such as The Buckle Inc. were stronger. (Honolulu Advertiser)
Macys sales down more than 9 percent Jun 5, 2009
Saks Inc. (NYSE: SKS) reported a 26. 6 percent fall, due in part to the rescheduling of a sales event to June. (New Mexico Business Weekly, NM)
No Stress: Pricey Yoga Mats Sell Briskly in Recession May 29, 2009
No Stress: Pricey Yoga Mats Sell Briskly in Recession - TIME. No Stress: Pricey Yoga Mats Sell Briskly in Recession. (Time.com)
Princess pedestal May 23, 2009
"As a new parent, I dreaded someday having to fight the superficial, idiotic, pop culture-worshipping chain's impending influence on my daughter," he wrote after Saks Inc., which owned Club Libby Lu, announced it would close those stores by this spring. His comments set off a lengthy discussion between those who shared his glee and those who were offended. (Yahoo News -- Press Releases)
Saks Posts Loss, Enacts Cost-Cutting Plan May 20, 2009
NEW YORK -(Dow Jones)- Saks Inc. (SKS) reported a much lower than expected first-quarter loss as it slashed expenses. The company said it will continue lowering overhead costs through measures like cutting staff salaries while better tailoring stores to local tastes and adding more lower-priced merchandise within the brands it offers. (SmartMoney)
Saks loss smaller than expected May 20, 2009
NEW YORK Luxury retailer Saks Inc. reported a loss for the first quarter Tuesday as it struggles with the pullback in spending by its wealthy customers. Still, the results exceeded analysts' expectations as the chain benefited from cost-cutting measures. (Globe and Mail -- Business)
Recession goods: Chocolate, running shoes, Spam May 17, 2009
Sales at luxury retailer Saks Inc. fell 32% last month. Sales at Goodwill Industries International stores in the U.S. and Canada jumped by 7% in March. (USA Today -- Money)
Statscan issues April CPI report, Wednesday May 16, 2009
Saks Inc. reports first-quarter results. Analysts expect a per-share loss of 26 cents (U.S.), compared with a profit of 13 cents a year ago. (Globe and Mail -- Business)
Business Events Scheduled for the Coming Week May 16, 2009
Saks Inc. reports first-quarter financial results. FRAMINGHAM, Mass. (ABC News -- Wire)
Paul Singer's Hedge Fund Seeks PayDay in Default Swaps of Clear Channel May 15, 2009
At least 32 companies including newspaper publisher Gannett Co. and department store owner Saks Inc. had more credit-default swaps outstanding than the the contracts protected, according to a March study by Garman Research LLC.. Investors are no longer quite as hostage to the companies to whom they lend, said , chief executive officer of the Orinda, California-based debt research firm. (Bloomberg)
Retailers report smaller sales declines in April May 8, 2009
Saks Inc. reported a deeper-than-expected same-store sales drop of 32 percent. Aprils reports dont prove a broadening recovery, Niemira cautioned, only that inventory cuts and stores closings are starting to have an effect. (MSNBC -- Business)
Nordstrom Beats Saks and Macy's in Recession Race to Clear Clothing Racks Apr 8, 2009
The chain holds for 62 days on average, while Macys Inc. keeps its goods for 119 days and Saks Inc. for 140, according to data compiled by Bloomberg. With less cash tied up in inventory, Seattle-based Nordstrom can devote resources to projects that otherwise would have required borrowing. (Bloomberg -- US)
Recession changes 401(k) match game Apr 5, 2009
Your browsers security settings are preventing some features from appearing. But don't stop investing, experts say. (The Clarion-Ledger)
Toy, luxury stores eye Christmas 2009 with caution Mar 30, 2009
Saks Inc. Chairman and CEO Steve Sadove recently reminded investors that full-price selling is "largely a result of supply and demand.". Shoppers are more likely to buy on sight if stores have something they want and know will be in limited distribution, lest the item sell out while they wait for the price to fall, explained retail consultant Walter Loeb. (Muscatine Journal, IO)
DSW Inc. Names Michael MacDonald as President and CEO Mar 26, 2009
With over thirty years in the retail industry, his career includes previous executive leadership roles at Saks Inc., Carson Pirie Scott, Marshall Fields and Dayton Hudson Department Stores. Mr. MacDonald was brought in as head of DSW following a search conducted by Berglass + Associates, an executive search firm known for its work in specialty retail. (PR Newswire)
Macys sees 8.5% sales drop in Feb. Mar 7, 2009
Saks Inc. (NYSE: SKS) sales dove 26 percent in February. The company said it saw continued weakness across all merchandise categories, especially in women s apparel. (Birmingham Business Journal, AL)
Retailers reports Feb. sales decline Mar 6, 2009
Saks Inc. suffered a 26 percent decline in February, while Neiman Marcus Group Inc.'s overall same-store sales fell nearly 21 percent and Nordstrom Inc.'s sales dropped more than 15 percent. Store owner Ronald Krinn said he's had to start listening to his shoppers more to keep them spending at his women's boutique, Fred, in downtown Milwaukee. (Atlanta Journal-Constitution -- Business)
Wal-Mart reports strong rise in sales Mar 6, 2009
The month showed a widening rift between moderately priced stores and luxury chains like Saks Inc. In the results released Thursday, mall-based clothing chains including Wet Seal Inc., Stage Stores Inc. and American Eagle Outfitters Inc. still saw sales slump, but the declines werent as steep as Wall Street expected ... Saks Inc., which operates Saks Fifth Avenue, suffered a 26 percent declines, deeper than the 20. (MSNBC -- Business)
Consumers shop ...just not at high-end stores Mar 1, 2009
Saks Inc., operator of Saks Fifth Avenue Department Stores and Off Fifth discount stores saw sales plunge 24 percent, and trendy fashion retailer Abercrombie and Fitch reported a drop of 20 percent. Moderately priced department stores such as Dillard's and Macy's fared better as customers stepping down from Saks and Neiman Marcus helped mitigate losses from their own departing customers. (AZCentral -- Business)
Belk ups the ante in Atlanta Feb 28, 2009
In 2006, Belk bought 40 Parisians stores from Saks Inc., giving it locations in places like the glitzy Phipps Plaza, where it competes with stores like Saks and Nordstrom. But drive 40 miles to Canton and the Belk there competes with J.C. Penney. (Atlanta Journal-Constitution)
Oil rises on hopes drop in US demand is slowing Feb 26, 2009
There was more dismal news on Wednesday as the National Association of Realtors in the U.S. said sales of existing homes unexpectedly plunged in January to the lowest level in nearly 12 years, and luxury retailer Saks Inc. reported a fourth-quarter loss as it slashed prices to hold onto affluent shoppers. In Asia, Japan said exports fell 46 percent in January. (International Herald Tribune -- Health)
Retailers Mixed as Tween Brands Tumbles Feb 26, 2009
(Dollar Tree Stores Inc. (DLTR), Nordstrom Inc. (JWN), Saks Inc. (SKS), TJX Cos ... Saks Inc. (SKS) shares fell. (SmartMoney)
As Saks reports a loss, its chief offers a plan Feb 26, 2009
Ever since it began posting double-digit sales declines and selling luxury goods at 75 percent off, Saks Inc. has been accused by rivals of decimating the luxury market and suspected, even by allies, of being a candidate for bankruptcy. On Wednesday, the retailer came out swinging. (International Herald Tribune -- Business)
Palm Beach Mall to cut hours next month Feb 26, 2009
This week, corporate parents of mall stalwarts Macy's, Nordstrom Inc., and Saks Inc. all reported quarterly losses. That helps explain why about 20 of Simon's other properties across the country are reducing or modifying their hours. (The Palm Beach Post)
Oil above US$42 in Asia Thursday (updated) Feb 26, 2009
There was more dismal news on Wednesday as the National Association of Realtors in the U.S. said sales of existing homes unexpectedly plunged in January to the lowest level in nearly 12 years, and luxury retailer Saks Inc. reported a fourth-quarter loss as it slashed prices to hold onto affluent shoppers ... And luxury retailer Saks Inc. also reported a fourth-quarter loss as it slashed prices to hold onto affluent shoppers. (The Star Online, Malaysia)
Nordstrom Reports 68 Pct Drop in 4th-Qtr Profit Feb 24, 2009
Saks Inc., which operates Saks Fifth Avenue, is expected to report a loss in the fourth quarter on Wednesday. Copyright 2009 The Associated Press. (ABC News -- Wire)
Nordstrom reports 68% drop in 4Q profit Feb 24, 2009
Saks Inc., which operates Saks Fifth Avenue, is expected to report a loss in the fourth quarter on Wednesday. Type Size. (AZCentral -- Business)
Department Stores Unlikely to Recover This Year Feb 20, 2009
By Aarthi Sivaraman February 19, 2009 FONT SIZE. NEW YORK (Reuters) - As the relentless downturn in the economy drives shoppers to buy less and hold out for extreme deals, U.S. department store operators can wave goodbye to any marked improvement in their fortunes before 2010. (ABC News -- Wire)
Steep discounts fail to reel in shoppers Feb 8, 2009
Luxury retailer Saks Inc. posted a 23. 7 percent decrease, compared with a 4. (OregonLive, OR -- Business)
Stores see January sales fall; Wal-Mart posts rise Feb 8, 2009
Gap Inc., luxury retailer Saks Inc. and Children's Place Retail Stores Inc. were among those posting deeper-than-expected sales declines. Wal-Mart, the world's largest retailer, was a notable exception, reporting sales that beat Wall Street's forecast, as shoppers continued to focus on necessities like groceries. (Madison Daily Leader, SD)
