Saks Incorporated announced that owned sales totaled $168.0 million for the four weeks ended Aug. 27, compared to $159.3 million a year ago, a 5.5 percent increase. Comparable store sales increased 6.1 percent for the month.
Management estimates that Hurricane Irene negatively impacted August comparable store sales by approximately 150 basis points.
For August, the strongest categories at Saks Fifth Avenue stores included women’s shoes; handbags; fashion jewelry; cosmetics; fragrances; and men’s clothing, shoes, and accessories. Saks Direct performed well during the month.
On a year-to-date basis, for the seven months ended August 27, 2011, owned sales totaled $1,539.8 million compared to $1,399.5 million for the prior year seven months ended August 28, 2010, a 10.0% increase. Comparable store sales increased 11.9% for the seven months.
Saks Incorporated operates 46 Saks Fifth Avenue stores, 59 Saks OFF 5TH stores, and saks.com.
