Content about Saks Incorporated

May 21, 2013
Saks Q1 sales increase, net income drops

Saks Incorporated reported a roughly 5% increase in total sales between first quarter 2012 and first quarter 2013, although net income dropped during that same time period.

February 15, 2013
Saks to close Stamford, Conn., store

Saks Inc. announced that it plans to close its Saks Fifth Avenue store located in Stamford Town Center in Stamford, Conn., in early 2014.

January 29, 2013
Saks to leave Dallas Galleria, Belk moving in

Saks Inc. announced Tuesday it will shutter its Saks Fifth Avenue store in the Dallas Galleria on June 15.

January 14, 2013
Saks CEO Sadove elected chairman of NRF board

The National Retail Federation announced that Saks Inc. chairman and CEO Stephen I. Sadove has been elected chairman of the NRF board of directors and chairman of its executive committee.

November 13, 2012
Saks reports double-digit Q3 profit growth, beats Street

Saks Inc. reported that net income for the third quarter climbed 27.2% to $22.6 million, compared with $17.8 million in the same period last year.

November 7, 2012
Saks’s Off 5th to open in new center in Livermore, Calif.

Saks Inc.’s Saks Fifth Avenue Off 5th announced that it plans to open its doors in Livermore, Calif., on Nov. 8.

October 1, 2012
Saks opens in Kazakhstan

Saks Inc. has opened its first Saks Fifth Avenue store in Kazakhstan, in the city of Almaty.

September 17, 2012
Saks launches AT&T Wi-Fi at all stores

Saks Inc. said it has launched AT&T Wi-Fi at all 44 retail locations nationwide.

September 6, 2012
Saks to shutter an Illinois and a Texas store

Saks Inc. said that it will close its Highland Park, Ill., store, located in Renaissance Place, and its Austin, Texas, store, located in the Arboretum Market.

August 23, 2012
Carlos Slim reduces stake in Saks

Saks’ top shareholder Carlos Slim sold 1.5 million of his shares in Saks Inc., remaining the retailer’s No. 1 shareholder but reducing his holdings to 25 million shares.

August 14, 2012
Saks loss widens in Q2

Saks Inc. reported Tuesday a loss of $12.3 million for the second quarter, widened from a loss of $8.4 million in the year-ago period.

June 13, 2012
Saks Off 5th to open in new center in Massachusetts

Saks Fifth Avenue Off 5th announced that it plans to open a store in Merrimack, Mass., on June 14.

May 15, 2012
Saks profit climbs in Q1, revenues miss

Saks Inc. reported that net income for the quarter ended April 28 rose 13.2% to $32.1 million, from $28.4 million last year.

May 14, 2012
Saks Fifth Avenue Off 5th to open seven stores at Simon Premium Outlet Centers

Simon Property Group announced that Saks Fifth Avenue Off 5th will open a total of seven new stores in the next two years in its Premium Outlets division, including new centers and existing centers.

April 4, 2012
Saks Inc. names new e-commerce head

Saks Inc. announced hat Michael Burgess has been named president, Saks Direct, effective May 7.

April 2, 2012
Saks selects Oracle applications to deliver business insight across all channels

Saks Inc. has selected Oracle's retail merchandising, planning and optimization applications and the Oracle e-business suite 12.1 to help integrate business operations and improve margins and profitability across all channels.

March 23, 2012
Saks’ Off 5th reopening in new center

Saks Fifth Avenue Off 5th announced that it plans to reopen its Nashville, Tenn., store on March 29.

February 21, 2012
Saks Q4 income surges 48%

Saks Inc. fourth-quarter net income climbed 48% amid strong sales of handbags, fine jewelry and men's and women's apparel.

February 13, 2012
Saks to deploy mobile-robotic fulfillment system in new DC

Saks Inc. will expand its distribution and fulfillment capacity, adding a new facility in Tennessee in 2012.

January 17, 2012
Saks appoints Jack Stahl to board

Saks Inc. announced that Jack L. Stahl, 58, was appointed to the company’s board of directors effective Jan. 16.

November 15, 2011
Saks Q3 profit plummets, but beats Street

Saks Inc. reported that profit for the quarter ended Oct. 29 slid to $17.8 million from $36.3 million a year earlier, still beating Wall Street expectations.

November 1, 2011
Bon-Ton real estate strategy includes two store closings in Pa., Ohio

As part of a real estate realignment strategy, The Bon-Ton Stores Inc. on Tuesday said it will close two of its department stores, one in Pennsylvania and the other in Ohio, when their leases expire in early 2012.

August 29, 2011
Saks Off 5th announces five additional locations for 2012

Saks Inc.’s Saks Fifth Avenue Off 5th announced the addition of five stores for 2012.

May 17, 2011
Saks Fifth Avenue’s Off 5th to up store count in 2011

Saks’ Off 5th outlet division announced Tuesday that it plans to open four new stores this year – Kansas City, Oklahoma City, Northbrook, Ill., and Charleston, S.C.

October 4, 2010
Saks to close two additional underperforming stores

Saks said Tuesday it is closing two more underperforming stores....

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