Saks Incorporated June comparable store sales rise 12.5%
13 Jul '07
2 min read
Retailer Saks Incorporated announced that owned sales totaled $237.6 million for the five weeks ended July 7, 2007 compared to $247.3 million for the five weeks ended July 1, 2006, a 3.9% decrease. Comparable store sales decreased 5.6% for the five-week period.
As previously disclosed, May comparable store sales were positively impacted by a promotional calendar shift, and consequently, management expected that June comparable store sales would be negative.
On a quarter-to-date basis, for the two months ended July 7, 2007, owned sales totaled $486.5 million compared to $425.8 million for the two months ended July 1, 2006, a 14.3% increase. Comparable store sales increased 12.5% for the two months combined. Management continues to expect low-double digit comparable store sales growth for the second fiscal quarter.
On a year-to-date basis, for the five months ended July 7, 2007, owned sales totaled $1,272.1 million compared to $1,102.2 million for the five months ended July 1, 2006, a 15.4% increase. Comparable store sales increased 13.7% for the five-month period.
For June, the strongest categories at Saks Fifth Avenue stores were men's apparel, accessories, and shoes; women's contemporary and designer sportswear; handbags; and fragrances. The softest categories at Saks Fifth Avenue were jewelry and women's modern bridge apparel. Saks Direct and Saks Off 5th performed well for the month.
marketing@alchempro.com
