Retailer Saks Incorporated announced that comparable store sales for the five weeks ended April 5, 2003 compared to the five weeks ended April 6, 2002 decreased 3.8% on a total company basis. By segment, comparable store sales decreased 0.2% for SDSG and decreased 8.6% for SFAE for the month. Sales below are in millions and represent sales from owned departments only.
For the five weeks ended April 5, 2003 compared to the five weeks
ended April 6, 2002, owned sales were:
Total Comparable
Increase Increase
This Year Last Year (Decrease) (Decrease)
------ ------ ------ ------
SDSG $312.1 $311.1 0.3% (0.2%)
SFAE 210.3 231.2 (9.0%) (8.6%)
------ ------ ------ ------
Total $522.4 $542.3 (3.7%) (3.8%)
For the two months ended April 5, 2003 compared to the two months
ended April 6, 2002, owned sales were:
Total Comparable
Increase Increase
This Year Last Year (Decrease) (Decrease)
------ ------ ------ ------
SDSG $538.7 $533.9 0.9% 0.4%
SFAE 350.8 389.7 (10.0%) (9.7%)
------ ------ ------ ------
Total $889.5 $923.6 (3.7%) (3.9%)
Merchandise categories with the best sales performances for SDSG in March were private brand merchandise, women’s special size sportswear, women’s moderate sportswear, cosmetics, and shoes. Categories with softer sales performances for SDSG in March were dresses, men’s sportswear, and men’s furnishings. Categories with the best sales performances for SFAE in March were men’s dress furnishings, women’s contemporary sportswear, cosmetics, shoes, and handbags. Categories with the softest performances for SFAE in March were women’s designer apparel, Salon Z (women’s large size apparel), and accessories.
