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Holiday pain expected for luxury business

AP — Tue, 18 Nov 2008 18:38:40 +0000

The holiday outlook for the luxury world turned grimmer Tuesday, after Saks Inc. reported a wider-than-expected loss in the fiscal third quarter, and both it and Burberry Group PLC offered downbeat...

Saks posts bigger than expected 3Q loss

AP — Tue, 18 Nov 2008 13:58:59 +0000

Luxury retailer Saks Inc. reported a wider-than-expected loss in the third quarter in contrast to a profit a year ago, as its affluent customers slashed spending as the financial meltdown has led to massive job losses on Wall Street and shrinking...

Saks reports bigger-than-expected 3Q loss

AP — Tue, 18 Nov 2008 13:33:18 +0000

Luxury retailer Saks says it lost more than expected in the third quarter as its affluent customers slashed spending amid massive job losses on Wall Street and turmoil in the stock...

2Q profit reports from retailers show more strain

AP — Tue, 19 Aug 2008 19:12:31 +0000

From affluent shoppers at Saks to bargain-hunters at Target, from Home Depot to office supplier Staples, consumers are pulling back and that’s hurting retailers and raising more concerns about how they’ll do the rest of the...

Saks reports wider 2Q loss, shares tumble

AP — Tue, 19 Aug 2008 13:44:29 +0000

Luxury goods retailer Saks Inc. reported a wider-than-expected loss for the second quarter on Tuesday and delivered a downbeat forecast for the year as its affluent customers cut back on apparel amid a slowing...

Saks reports wider 2Q loss

AP — Tue, 19 Aug 2008 12:26:15 +0000

Luxury goods retailer Saks Inc. is reporting a wider-than-expected loss in the second quarter as its affluent shoppers cut back on apparel amid a slowing economy.

Saks profit jumps, but misses expectations

AP — Tue, 20 May 2008 14:14:39 +0000

Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66 percent increase in first-quarter earnings compared with weak year-ago results. It said increased discounting hurt profit margins as even wealthy customers were...

Saks reports higher 1Q profit

AP — Tue, 20 May 2008 12:39:34 +0000

The retailer Saks Inc. says its first-quarter profit rose but says increased discounting hurt profit margins.The New York-based operator of Saks Fifth Avenue said Tuesday it earned $18.3 million, or 13 cents per share, for the three months ended...

Saks Profit Surges on Gain, Sales Hike

AP — Wed, 05 Mar 2008 14:23:27 +0000

Saks Inc., the operator of Saks Fifth Avenue, reported Wednesday that its fourth-quarter profit almost doubled, helped by solid sales, cost controls and one-time gains.The New York-based department store chain said that earnings rose to $39.5...

Saks Profit Almost Doubles, Sales Up

AP — Wed, 05 Mar 2008 13:40:50 +0000

Department store operator Saks says that profit almost doubled in the fourth quarter, helped by solid sales, cost controls and a one-time gain.The New York-based owner of Saks Fifth Avenue said Wednesday its earnings rose to $39.5 million, or 26...