Retailer Saks Incorporated said owned sales totaled $363.3 million for the five weeks ended Jan. 3, 2009 compared to $447.7 million for the five weeks ended Jan. 5, 2008, an 18.9% decrease. Comparable store sales decreased 19.8% for the month.
On a quarter-to-date basis, for the two months ended Jan. 3, 2009, owned sales totaled $696.3 million compared to $795.3 million for the prior year two-month period ended Jan. 5, 2008, a 12.4% decrease. Comparable store sales decreased 13.3% for the two-month period.
On a year-to-date basis, for the eleven months ended Jan. 3, 2009, owned sales totaled $2,906.8 million compared to $3,058.8 million for the prior year eleven-month period ended Jan. 5, 2008, a 5.0% decrease. Comparable store sales decreased 5.1% for the eleven-month period.
In the prior year, comparable store sales increased 0.8%, 10.2%, and 12.3% for the fiscal December, two-month, and eleven-month periods, respectively.
The businesses and categories at Saks Fifth Avenue with relative strength in December were eveningwear, bridal, childrens apparel, jewelry, fragrances, Saks Direct, and OFF 5TH. The weakest categories at Saks Fifth Avenue for December were womens apparel, outerwear, mens clothing and advanced sportswear, womens shoes, and handbags.
