Saks Inc. said total February sales increased 26.5% to 220 million from $173.9 million a year ago. Comparable store sales increased 24.7%.
Total and comparable store sales represent Saks Fifth Avenue (“SFA”) and Club Libby Lu sales only.
For February, SFA generated strong sales performances across most merchandise categories and businesses. Some of the strongest areas in February were women's designer apparel, shoes, handbags, fine jewelry, accessories, and men's apparel, shoes, and accessories. February revenues were positively impacted by both full-price selling on new spring receipts and an end-of-season consolidation sale in certain flagship stores.
Saks Incorporated currently operates Saks Fifth Avenue, which consists of 54 Saks Fifth Avenue stores, 49 Saks Off 5th stores, and saks.com. The company also operates 62 Club Libby Lu specialty stores.
