Retailer Saks Incorporated comp store sales up 11.7%
11 May '07
1 min read
Retailer Saks Incorporated announced that owned sales totaled $281.3 million for the four weeks ended May 5, 2007 compared to $248.7 million for the four weeks ended April 29, 2006, a 13.1% increase. Comparable store sales increased 11.7% for the four-week period.
For April, nearly all merchandise categories performed well at Saks Fifth Avenue stores, with the strongest being women's designer sportswear and "gold range" apparel; evening dresses; handbags; shoes; accessories; intimate apparel; and men's accessories, shoes, advanced sportswear, and clothing. Saks Direct also performed well for the month.
For the first quarter ended May 5, 2007, owned sales totaled $785.6 million compared to $676.4 million for the quarter ended April 29, 2006, a 16.1% increase. Comparable store sales increased 14.4% for the first quarter.
For the second fiscal quarter, management expects low-double digit comparable store sales growth. Due to a promotional shift, management expects May comparable store sales to considerably exceed that range, with June comparable store sales to fall below that range.
marketing@alchempro.com
