NEW YORK--(BUSINESS WIRE)--Feb. 2, 2012--
Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales
totaled $175.6 million for the four weeks ended January 28, 2012
compared to $163.8 million for the four weeks ended January 29, 2011, a
7.2% increase. Comparable store sales increased 10.5% for the month.
For January, the strongest categories at Saks Fifth Avenue stores
included women’s contemporary and “gold range” designer apparel;
handbags; and men’s accessories, clothing and contemporary apparel. Saks
Direct sales performed well during the month.
For the fourth quarter ended January 28, 2012, owned sales totaled
$905.1 million compared to $850.8 million for the prior fourth quarter
ended January 29, 2011, a 6.4% increase. Comparable store sales
increased 7.7% for the fourth quarter.
For the fiscal year ended January 28, 2012, owned sales totaled $2,955.7
million compared to $2,740.6 million for the prior year fiscal year
ended January 29, 2011, a 7.8% increase. Comparable store sales
increased 9.5% for the fiscal year.
Saks Incorporated operates 46 Saks Fifth Avenue stores, 60 Saks OFF 5TH
stores, and saks.com.
Source: Saks Incorporated
Julia Bentley, 865-981-6243