Saks Inc. reported owned sales totaled $158.9 million for the four weeks ended Jan.
30, 2010 compared to $147.1 million a year ago, an 8.0% increase. Comparable store sales increased 7.0% for the
month.
For the fourth quarter ended January 30, 2010, owned sales totaled
$797.7 million compared to $829.0 million for the quarter ended January
31, 2009, a 3.8% decrease. Comparable store sales decreased 4.8% for the
fourth quarter.
For the fiscal year ended January 30, 2010, owned sales totaled $2,592.0
million compared to $3,004.3 million for the fiscal year ended January
31, 2009, a 13.7% decrease. Comparable store sales decreased 14.7% for
the fiscal year.
For January, the strongest categories at Saks Fifth Avenue stores were
women’s designer and gold range apparel, women’s shoes, handbags,
fashion jewelry, men’s apparel, and men’s shoes. Saks Direct performed
well for the month.
Saks Incorporated operates 53 Saks Fifth Avenue stores, 55 Saks OFF 5TH
stores, and saks.com.
