Saks Inc 4-wk total August sales sink 13% over last year
02 Sep '05
2 min read
Online retailer Saks Incorporated announced that for the four weeks ended August 27, 2005 compared to the four weeks ended August 28, 2004, total sales decreased 13.3 percent and comparable store sales decreased 0.3 percent on a total company basis.
By segment, comparable store sales decreased 4.9 percent for SDSG and increased 5.3 percent for SFAE for the month. The sales information is preliminary due to the temporary effects of Hurricane Katrina on the Company's information systems. 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.
Merchandise categories with the best sales performances for SDSG in August were intimate apparel, junior's apparel, hard home, furniture, and shoes. Categories with the softest sales performances for SDSG in August were petite sportswear, children's apparel, dresses/women's suits, and women's moderate sportswear.
Categories with the best sales performances for SFAE in August were fine jewelry, fragrances, men's accessories, women's and men's contemporary and modern sportswear, women's "gold range" apparel, and women's designer apparel. Categories with the softest performances for SFAE in August were private brand, women's bridge apparel, and Salon Z (women's large sizes).
US based Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 56 Saks Fifth Avenue stores, 50 Saks Off 5th stores, and saks.com. The Company also operates its Saks Department Store Group (SDSG) with 182 department stores under the names of Parisian, Younkers, Herberger's, Carson Pirie Scott, Bergner's, and Boston Store and 49 Club Libby Lu specialty stores.
marketing@alchempro.com
