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Saks swings to profit in Q4
New York City -- Saks returned to profitability in its fiscal fourth quarter as the chain sold more items at full-price and used fewer promotions. The company reported net income of $25 million for the period ended Jan. 29, compared with a loss of $4.6 million a year earlier.
Revenue rose 7% to $866.3 million, topping Wall Street's estimate of $854.4 million. Same store sales were up 8.4%. -
Changing role of facilities management to be spotlighted in Webinar
New York City -- Register now for the Chain Store Age Webinar, “Decoding the CFO's ‘Black Hole’: Protecting the Brand and Bottom Line.”
Presented by FM, the Webinar will be held this afternoon at 2 p.m. ET. Topics include current trends in retail facility maintenance, obstacles to protecting brand image and how to overcome them, and case studies of successful retailer facility management programs.
Click here to register.