Saks announces Sept comparable store sales Increase of 10.0%
09 Oct '06
2 min read
Retailer Saks Incorporated announced that for the five weeks ended September 30, 2006 compared to the five weeks ended October 1, 2005, total Company comparable store sales increased 10.0 percent, and total sales decreased 33.1 percent.
By segment, comparable store sales increased 5.7 percent for SDSG and increased 11.1 percent for SFAE for the month.
At SFAE, three days of a four-day "Double Points" proprietary credit card event were shifted from October last year into September this year, positively affecting September 2006 sales.
Merchandise categories with the best sales performances for SDSG (Parisian) in September were men's sportswear and furnishings, children's apparel, accessories, intimate apparel, and shoes. Categories with the softest sales performances for SDSG (Parisian) in September were junior's apparel, cosmetics, and petite sportswear.
Categories and businesses with the best sales performances for SFAE in September were women's bridge, contemporary, and "gold range" apparel; outerwear; evening dresses; women's shoes and handbags; men's sportswear, contemporary apparel, shoes, and accessories; fine jewelry; cosmetics; and Saks Direct.
Categories with the softest performances for SFAE in September were women's designer collections, designer evening wear, children's apparel, and fashion jewelry.
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 Northern Department Store Group (NDSG) business to The Bon-Ton Stores Inc effective Midnight on March 4, 2006.
Total and comparable store sales above reflect revenues of Proffitt's/McRae's and NDSG through those dates. The Company completed its sale of Parisian to Belk Inc effective Midnight on September 30, 2006.
marketing@alchempro.com
