Most Active Articles 2010-03-20T21:06:30.294-04:00 Business Exchange Business_Exchange@businessweek.com urn:com:businessweek:bx:topic:most-active:saks-inc Maki Yamasaki myamasaki237 urn:com:businessweek:bx:article:16316704106314984546-a6c3c55f85cd22c0349f264ca201e8a1 2009-12-03T10:31:55.648-05:00

Saks Inc., J.C. Penney Co. and Macy’s Inc. reported November sales that missed analysts’ estimates after discounts failed to persuade department-store shoppers to increase their spending on holiday gifts. Sales at U.S.

Saks Inc., J.C. Penney Co. and Macy’s Inc. reported November sales that missed analysts’ estimates after discounts failed to persuade department-store shoppers to increase their spending on holiday gifts. Sales at U.S. http://www.bloomberg.com/apps/news?pid=20601087&sid=auiN126pEJRk&pos=6 Charles Dubow cdubow602 10 10 0 0 urn:com:businessweek:bx:article:12660128062553189021-0b04abbcf2fc3f412459f60e27c09d77 2009-11-09T09:59:58.188-05:00

Retail sales as a whole improved in October, indicating that consumers are actually starting to spend money again, despite predictions that this holiday season could be a dreadful one at cash registers. Enjoying that comeback are a few department-store chains — some of them on the luxury end — whose sales were hit hard when the recession began.

Retail sales as a whole improved in October, indicating that consumers are actually starting to spend money again, despite predictions that this holiday season could be a dreadful one at cash registers. Enjoying that comeback are a few department-store chains — some of them on the luxury end — whose sales were hit hard when the recession began. http://industry.bnet.com/retail/10004910/nordstrom-saks-sales-turnaround-spells-hope-for-department-stores/ Charles Dubow cdubow602 5 5 0 0 urn:com:businessweek:bx:article:698435836130336109-abf576d09e7979fbd8ce3a86bbb6593e 2009-11-18T09:22:33.336-05:00

Saks Inc., the U.S. luxury retail chain, and Target Corp., the second-largest discount chain, said they remain cautious about demand after reporting third-quarter earnings that beat analysts’ estimates. New York-based Saks...

Saks Inc., the U.S. luxury retail chain, and Target Corp., the second-largest discount chain, said they remain cautious about demand after reporting third-quarter earnings that beat analysts’ estimates. New York-based Saks... http://www.bloomberg.com/apps/news?pid=newsarchive&sid=as5fEBTzREn8 Charles Dubow cdubow602 2 2 0 0 urn:com:businessweek:bx:article:9498505269880507231-e238d8351fcb574f057bf66d1f22276d 2009-11-18T09:25:53.657-05:00

Luxury is back. Maybe not in the form of the conspicuous consumption seen pre-2008, but high-end retailers are at least starting to pick up profit gains.

Luxury is back. Maybe not in the form of the conspicuous consumption seen pre-2008, but high-end retailers are at least starting to pick up profit gains. http://www.thestreet.com/story/10627874/1/will-luxury-lead-the-retail-recovery.html?cm_ven=GOOGLEN Charles Dubow cdubow602 3 2 0 1 urn:com:businessweek:bx:article:6082958926449862535-7c05f5db2a724a29a8558e2b56f86fba 2009-02-04T14:09:24.130-05:00

In response to the deteriorating economic environment, Saks Inc. today announced a series of expense, capital spending and inventory receipt reductions to better position the company for the future.

In response to the deteriorating economic environment, Saks Inc. today announced a series of expense, capital spending and inventory receipt reductions to better position the company for the future. http://www.nationaljewelernetwork.com/njn/content_display/majors/market-developments/e3iecbc44179b8d6b318d1047ce00330c20 Maki Yamasaki myamasaki237 18 18 0 0 urn:com:businessweek:bx:article:9768422875109253819-bdc00338f8b4039ef7d27e7d5143d82c 2009-04-10T06:54:00.000-04:00

drop in demand for designer clothing and other luxury goods has been especially hard on upscale retailers, including Saks Inc (SKS.N Nordstrom Inc (JWN.N © Thomson Reuters 2009 All rights reserved

drop in demand for designer clothing and other luxury goods has been especially hard on upscale retailers, including Saks Inc (SKS.N Nordstrom Inc (JWN.N © Thomson Reuters 2009 All rights reserved http://c.moreover.com/click/here.pl?r1916656922&f=9791 13 13 0 0 urn:com:businessweek:bx:article:4604451745514880731-e616bc9fe8134bd2607173d8539af5d2 2009-03-04T09:06:08.569-05:00

Saks Inc. Chief Financial Officer Kevin Wills told investors the unprofitable luxury retailer has “very valuable” real-estate assets it could tap to raise money if needed.

Saks Inc. Chief Financial Officer Kevin Wills told investors the unprofitable luxury retailer has “very valuable” real-estate assets it could tap to raise money if needed. http://www.bloomberg.com/apps/news?pid=20601103&sid=aOJzXyVj0QyY&refer=us Charles Dubow cdubow602 5 5 0 0 urn:com:businessweek:bx:article:5238888859210542973-18e45521c0796dbb0bf7f74ab95cd4d2 2009-02-04T14:13:25.649-05:00

Same-store sales at Saks Inc. decreased 19.8 percent for the five weeks ended Jan. 3, and owned sales decreased 18.9 percent to $363.3 million, compared with $447.7 million for the same period last year, the company announced on Friday.

Same-store sales at Saks Inc. decreased 19.8 percent for the five weeks ended Jan. 3, and owned sales decreased 18.9 percent to $363.3 million, compared with $447.7 million for the same period last year, the company announced on Friday. http://www.nationaljewelernetwork.com/njn/content_display/majors/financial-reporting/e3i947d7121b176518a5dccf4e2c74050da Maki Yamasaki myamasaki237 5 5 0 0 urn:com:businessweek:bx:article:11936644404713071674-9d2d2e607260b9859cfcc5d75bc22faf 2009-03-05T07:38:00.000-05:00

That's right. Saks Fifth Avenue, which has a store in Tampa's WestShore Plaza, has employed street artist Shepard Fairey to help hawk its new wares starting March 12. You might recognize the

That's right. Saks Fifth Avenue, which has a store in Tampa's WestShore Plaza, has employed street artist Shepard Fairey to help hawk its new wares starting March 12. You might recognize the http://c.moreover.com/click/here.pl?r1852842239&f=9791 7 7 0 0 urn:com:businessweek:bx:article:6595434001418801238-c007e7ccb1108c34d8d2114646c9cd05 2009-02-04T14:19:20.608-05:00

The degree and extent of the decline in luxury retail has caught most analysts and luxury retailers off guard. The prevailing theory had been that the more affluent consumers remained capable of spending, and we were seeing delayed or deferred spend in response to attitudinal fears.

The degree and extent of the decline in luxury retail has caught most analysts and luxury retailers off guard. The prevailing theory had been that the more affluent consumers remained capable of spending, and we were seeing delayed or deferred spend in response to attitudinal fears. http://www.glgroup.com/News/Will-the-Saks-and-Neimans-cuts-impact-their-ability-to-execute-and-compete-effectively--31633.html Maki Yamasaki myamasaki237 3 3 0 0 urn:com:businessweek:bx:article:7166000666272845880-47eaa3aba800463b0a01afb87608cd55 2009-02-19T09:01:37.586-05:00

Back when I started the blog, I coined a phrase "The Pooring of America" - this was a theme based on a confluence of events, some of which we brought upon ourselves, some global changes. We don't spend a lot of time talking about the "long long"...

Back when I started the blog, I coined a phrase "The Pooring of America" - this was a theme based on a confluence of events, some of which we brought upon ourselves, some global changes. We don't spend a lot of time talking about the "long long"... http://www.forexhound.com/article.cfm?articleID=126055 Charles Dubow cdubow602 2 2 0 0 urn:com:businessweek:bx:article:4061013215687670256-406651fdc50efc234ec32f7e4147a76c 2009-02-25T23:15:00.000-05:00

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

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 http://c.moreover.com/click/here.pl?r1839830477&f=9791 5 5 0 0 urn:com:businessweek:bx:article:10930096904756486178-702b41d43db3ec22ccb9999b90411039 2009-02-25T08:56:18.323-05:00

Nordstrom (JWN) is snatching customers from Neiman Marcus and Saks Fifth Avenue (SAKS). T.J. Maxx and Marshalls are stealing market share from most every store at the mall. And Macy's (M) benefits as much as it gets...

Nordstrom (JWN) is snatching customers from Neiman Marcus and Saks Fifth Avenue (SAKS). T.J. Maxx and Marshalls are stealing market share from most every store at the mall. And Macy's (M) benefits as much as it gets... http://www.usatoday.com/money/industries/retail/2009-02-24-consumers-discount-shopping-retail_N.htm Charles Dubow cdubow602 1 1 0 0 urn:com:businessweek:bx:article:6572617145289954004-82a7aab0b486549f815bf7f2b1b1443a 2009-02-24T21:15:00.000-05:00

* Q4 sales drop 14.9 percent * Sees challenging year ahead NEW YORK, Feb 25 (Reuters) - Saks Inc (SKS.N) posted a quarterly net loss on Wednesday as the upscale retailer's customers headed to sales racks or just cut spending during what was the worst

* Q4 sales drop 14.9 percent * Sees challenging year ahead NEW YORK, Feb 25 (Reuters) - Saks Inc (SKS.N) posted a quarterly net loss on Wednesday as the upscale retailer's customers headed to sales racks or just cut spending during what was the worst http://c.moreover.com/click/here.pl?r1838608211&f=9791 4 4 0 0 urn:com:businessweek:bx:article:1886226772438828202-be9cacbf459ed35a3041ae9de94b02a9 2009-02-04T14:12:32.772-05:00

Retailer Saks Inc. has announced a series of actions related to expenses, capital spending, and inventory receipts being implemented in response to the deteriorating economic environment and to better position the Company for the future.

Retailer Saks Inc. has announced a series of actions related to expenses, capital spending, and inventory receipts being implemented in response to the deteriorating economic environment and to better position the Company for the future. http://www.tradingmarkets.com/.site/news/Stock%20News/2135951/ Maki Yamasaki myamasaki237 1 1 0 0 urn:com:businessweek:bx:article:7994275964065064886-ea9a0ab78a66453c58d6c8e49b741b81 2009-02-04T14:07:58.690-05:00

Upscale U.S. retailer Saks Incorporated has announced the planned reduction of approximately 1,100 corporate support and store positions, equating to approximately nine percent of its total workforce. This step is part of the company's larger cost...

Upscale U.S. retailer Saks Incorporated has announced the planned reduction of approximately 1,100 corporate support and store positions, equating to approximately nine percent of its total workforce. This step is part of the company's larger cost... http://www.diamondintelligence.com/magazine/magazine.aspx?id=7529 Maki Yamasaki myamasaki237 1 1 0 0 urn:com:businessweek:bx:article:6730661887798363671-a547c797daa12549d11f2da488b5e55e 2009-02-04T14:15:03.332-05:00

and other upscale retailers. Saks and Burberry Group (UK:BRBY: news , chart , profile ) have recently announced job cuts. After a holiday season marked by steep discounting, the sector, whose clientele traditionally didn't worry about price, finds...

and other upscale retailers. Saks and Burberry Group (UK:BRBY: news , chart , profile ) have recently announced job cuts. After a holiday season marked by steep discounting, the sector, whose clientele traditionally didn't worry about price, finds... http://www.marketwatch.com/news/story/Luxury-retailers-hope-rekindle-customers/story.aspx?guid={4AD7F685-C1EB-4772-AB33-996B8A680479} Maki Yamasaki myamasaki237 1 1 0 0