Saks announces August comparable store sales

Fashion

Saks announces August comparable store sales

Retailer Saks Incorporated announced that owned sales totaled $200.5 million for the four weeks ended August 30, 2008 compared to $213.5 million for the four weeks ended September 1, 2007, a 6.1% decrease. Comparable store sales decreased 5.9% for the period. Comparable store sales increased 18.2% in fiscal August 2007. On a year-to-date basis, for the seven months ended August 30, 2008, owned sales totaled $1,718.4 million compared to $1,687.2 million for the prior year seven-month period ended September 1, 2007, a 1.8% increase. Comparable store sales increased 1.6% for the seven-month period. For August, the strongest categories at Saks Fifth Avenue were fashion jewelry, fragrances, men`s sportswear, and men`s shoes. The weakest categories at Saks Fifth Avenue for August were women`s apparel, women`s shoes, and intimate apparel.

Saks Incorporated

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