NEW YORK--(BUSINESS WIRE)--Dec. 1, 2011--
Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales
totaled $277.1 million for the four weeks ended November 26, 2011
compared to $254.9 million for the four weeks ended November 27, 2010,
an 8.7% increase. Comparable store sales increased 9.3% for the month.
For November, the strongest categories at Saks Fifth Avenue stores
included women’s and men’s contemporary apparel, handbags, fine jewelry,
men’s shoes, cosmetics, and fragrances. Saks Direct performed well
during the month.
On a year-to-date basis, for the ten months ended November 26, 2011,
owned sales totaled $2,327.6 million compared to $2,144.7 million for
the prior year ten months ended November 27, 2010, an 8.5% increase.
Comparable store sales increased 10.2% for the ten months.
Saks Incorporated operates 46 Saks Fifth Avenue stores, 61 Saks OFF 5TH
stores, and saks.com.
Source: Saks Incorporated
Julia Bentley, 865-981-6243