Retailer Saks Incorporated announced that for the four weeks ended August 26, 2006 compared to the four weeks ended August 27, 2005, total Company comparable store sales increased 3.3 percent, and total sales decreased 36.5 percent.
By segment, comparable store sales decreased 2.0 percent for SDSG and increased 5.0 percent for SFAE for the month. Sales below are in millions and represent sales from owned departments only.
Merchandise categories with the best sales performances for SDSG (Parisian) in August were men's sportswear, children's apparel, intimate apparel, dresses, and women's better sportswear.
Categories with the softest sales performances for SDSG (Parisian) in August were women's petite sportswear, women's moderate sportswear, cosmetics, and junior's apparel.
Categories and businesses with the best sales performances for SFAE in August were women's designer, bridge, modern, and contemporary apparel; women's shoes and handbags; men's apparel, shoes, and accessories; and Saks Direct.
Categories with the softest performances for SFAE in August were women's "gold range" apparel, fashion jewelry, children's apparel, and gifts.
The Company completed the sale of its SDSG Proffitt's/McRae's business to Belk Inc effective Midnight on July 2, 2005 and the sale of SDSG's NDSG business to The Bon-Ton Stores, Inc. effective Midnight on March 4, 2006.
Total and comparable store sales above reflect revenues ofProffitt's/McRae's and NDSG through those dates. Effective March 5, 2006, SDSG consists of Parisian and Club Libby Lu.
Saks Incorporated currently operates Saks Fifth Avenue Enterprises (SFAE), which consists of 54 Saks Fifth Avenue stores, 50 Saks Off 5th stores.
The Company also operates 38 Parisian stores and 62 Club Libby Lu specialty stores. On August 2, 2006, the Company announced plans to sell its Parisian business to Belk in a transaction expected to close in the third fiscal quarter of 2006.
marketing@alchempro.com
