Retailer Saks Incorporated reported that total sales for the month ended April 2 increased 1.1% and comparable store sales increased 2.3% on a total company basis. By segment, comparable store sales increased 1.8% for SDSG and increased 2.9% for SFAE for the month. Sales below are in millions and represent sales from owned departments only.
For the five weeks ended April 2, 2005 compared to the five weeks ended April 3, 2004, owned sales were:
Total Comparable
This Year Last Year Increase Increase
--------- ---------- -------- ----------
SDSG $ 325.5 $ 322.5 0.9% 1.8%
SFAE 260.5 257.3 1.2% 2.9%
--------- ---------- -------- ----------
Total $ 586.0 $ 579.8 1.1% 2.3%
Merchandise categories with the best sales performances for SDSG in March were accessories, soft home, cosmetics, men's furnishings, and furniture. Categories with the softest sales performances for SDSG in March were women's moderate and petite apparel, dresses, and men's sportswear. Categories with the best sales performances for SFAE in March were women's and men's contemporary apparel, jewelry, accessories, and bridal. Categories with the softest performances for SFAE in March were private brand, women's bridge apparel, outerwear, and gifts.
For the two months ended April 2, 2005 compared to the two months ended April 3, 2004, owned sales were:
Total Comparable
This Year Last Year Increase Increase
--------- ---------- -------- ----------
SDSG $ 574.5 $ 569.7 0.9% 1.4%
SFAE 448.7 436.2 2.9% 4.7%
--------- ---------- -------- ----------
Total $1,023.2 $1,005.9 1.7% 2.8%
Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 57 Saks Fifth Avenue stores and 52 Saks Off 5th stores. The Company also operates its Saks Department Store Group (SDSG) with 232 department stores under the names of Parisian, Proffitt's, McRae's, Younkers, Herberger's, Carson Pirie Scott, Bergner's, and Boston Store and 39 Club Libby Lu specialty stores.
