Department store Saks reports Comp Store sales up in July
05 Aug '05
3 min read
Online retailer Saks Incorporated announced the results for the four weeks ended July 30, 2005 compared to the four weeks ended July 31, 2004, total sales decreased 12.5 percent and comparable store sales increased 0.3 percent on a total company basis.
By segment, comparable store sales decreased 3.1 percent for SDSG and increased 4.1 percent for SFAE for the month. Sales below are in millions and represent sales from owned departments only.
The Company completed the sale of its SDSG Proffitt's/McRae's business to Belk Inc effective Midnight on July 2, 2005.
Therefore, Proffitt's/McRae's sales are included in prior year sales and in current year sales through June 2005 (fiscal month ended July 2, 2005). Beginning in July 2005 (fiscal month beginning July 3, 2005), Proffitt's/McRae's sales are excluded from total company and comparable sales.
July 2005 sales performance at SFAE reflected increased levels of clearance selling in the Saks Fifth Avenue stores over last year.
Merchandise categories with the best sales performances for SDSG in July were intimate apparel, junior's apparel, accessories, and women's special size apparel. Categories with the softest sales performances for SDSG in July were soft home, dresses, women's suits, and women's moderate sportswear.
Categories with the best sales performances for SFAE in July were women's and men's contemporary and modern sportswear, women's designer apparel, fine jewelry, and accessories.
Categories with the softest performances for SFAE in July were private brand, women's bridge apparel, and Salon Z (women's large sizes).
marketing@alchempro.com
