Retailer Saks Incorporated reported that owned sales totaled $209.4 million for the five weeks ended April 4, 2009 compared to $276.2 million for the five weeks ended April 5, 2008, a 24.2% decrease. Comparable store sales decreased 23.6% for the month.
On a year-to-date basis, for the two months ended April 4, 2009, owned sales totaled $376.4 million compared to $503.8 million for the two months ended April 5, 2008, a 25.3% decrease. Comparable store sales decreased 24.6% for the two month period.
The Saks Fifth Avenue stores experienced continued weakness across all merchandise categories. Saks Direct and OFF 5TH showed relative strength in March.
