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Saks Posts Q2 Swing to Profit


Birmingham, Ala., Saks Inc. posted net income of $8.2 million for the second quarter ended July 30, compared to a loss of $25.3 million in the prior-year quarter.

Comparable store sales increased 2.1%, while total revenues fell 2.6%, reflecting the sale of the Proffitt’s/McRae’s business.

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