Saks Incorporated Announces March Comparable Store Sales

Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $276.5 million for the five weeks ended March 31, 2012 compared to $260.2 million for the five weeks ended April 2, 2011, a 6.3% increase. Comparable store sales also increased 6.3% for the month.

On a year-to-date basis for the two months ended March 31, 2012, owned sales totaled $484.4 million compared to $456.3 million for the two months ended April 2, 2011, a 6.2% increase. Comparable store sales increased 6.4% for the two-month period.

For March, the strongest categories included women’s contemporary apparel; fine jewelry; handbags; and men’s accessories, shoes, tailored clothing, and contemporary apparel.

Saks Incorporated operates 45 Saks Fifth Avenue stores, 61 Saks OFF 5TH stores, and Saks Fifth Avenue is proud to be named a J.D. Power and Associates 2012 Customer Service Champion and is only one of 50 U.S. companies so named.

Copyright Business Wire 2010

If you liked this article you might like

Would You Boycott a Company for Selling Trump Products?

Amazon's Push Into Apparel Will Cost Rivals Market Share

Sports Apparel Continues to Outperform Other Retailers

How to Trade Peak Spending; Imitation Is a Form of Stupidity: Jim Cramer's Best Blogs

How GNC Could Triple Its Stock Price Overnight Using This Math