Saks Inc. reported August sales dropped 6.1% as comparable store sales decreased 5.9% for the period. The strongest categories at Saks Fifth Avenue were fashion jewelry, fragrances, men’s sportswear, and men’s shoes. The weakest categories at Saks Fifth Avenue for August were women’s apparel, women’s shoes, and intimate apparel.
Comparable store sales increased 18.2% in fiscal August 2007.
On a year-to-date basis, for the seven months ended Aug. 30, 2008, owned sales totaled $1,718.4 million compared to $1,687.2 million for the prior year seven-month period ended Sept. 1, 2007, a 1.8% increase. Comparable store sales increased 1.6% for the seven-month period.
Saks Incorporated currently operates Saks Fifth Avenue, which consists of 53 Saks Fifth Avenue stores, 48 Saks Off 5th stores, and saks.com. The company also operates Club Libby Lu specialty stores.
