Smaller Saks Struggles for Sizzle

Hogsett, Don
March 2006
Home Textiles Today;3/6/2006, Vol. 27 Issue 22, p19
Trade Publication
The article provides an update on the business performance of Saks Inc. The company recorded a fourth quarter loss of 2.2 million dollars compared with its profit of 96.6 million dollars in the same period of 2004. Operating profit was cut down by 86.9 percent to 7.6 million dollars from 58 million dollars in 2005. With the company's department store sell-off, its sales dropped off by 14.2 percent to 1.8 billion to 2.1 billion dollars in the same year.


Related Articles

  • Saks Returns To Black. MOIN, DAVID // WWD: Women's Wear Daily;2/24/2011, Vol. 201 Issue 39, p6 

    The article offers information on the financial performance of Saks Inc. It states that the company reported a net earnings of 25 million dollars and a rise of 8.4 percent in sales in the fourth quarter that ended January 29, 2011. It mentions various strategies of the company for its growth in...

  • Saks Trims Loss In Second Qtr.  // WWD: Women's Wear Daily;8/18/2010, Vol. 200 Issue 36, p2 

    The article offers information on the financial performance of Saks Inc. in the second quarter of 2010. It states that its loss has decreased from 54.5 to 32.2 million dollars and closing of its five units in the U.S. led to 12.8 million dollars profit in after-tax charges and represented 50...

  • Orange 21 Reduces Losses, Sees Sales Slip in Q3 2008.  // Vision Monday;12/15/2008, Vol. 22 Issue 14, p16 

    The article announces the financial results of Orange 21 Inc. for the third quarter and nine months ended September 30, 2008. It is indicated that the company was able to reduce its losses this quarter by posting a net income of US$6,000 as compared to a net loss of US$58,000 it earned in 2007...

  • PalmOne Revenue Rises 5% In Fis. Q2. Malester, Jeff // TWICE: This Week in Consumer Electronics;12/22/2003, Vol. 18 Issue 26, p90 

    Reports on the financial performance of PalmOne for its fiscal second quarter ended November 30, 2003. Increase in revenue for the quarter; Total number of products sold; Decline in the company's loss.

  • AMERICAN APPAREL POSTS PROFIT. Poggi, Jeanine // WWD: Women's Wear Daily;3/18/2008, Vol. 195 Issue 58, p11 

    The article reports the financial performance of American Apparel Inc. for the three months ended December 31, 2007. The company posted a fourth-quarter profit, compared with a loss in the year-ago period. Earnings during the period reached $3 million, or 6 cents a diluted share, compared with a...

  • Boise Shows Improvement.  // Official Board Markets;5/9/2009, Vol. 85 Issue 19, p9 

    The article reports on the financial improvement of Boise Inc. in Idaho for the first quarter of 2009. It states that the firm accounted a net loss of $900,000 for the said quarter, compared with $15.5 million in the fourth quarter of 2008. It says that the firm totaled $500.3 million in sales...

  • Electrolux Reports Q1 Loss, Lower Sales. Wolf, Alan // TWICE: This Week in Consumer Electronics;5/5/2008, Vol. 23 Issue 10, p39 

    The article reports that Electrolux posted a net loss of approximately $17 million for the three months, ended March 31, 2008, while net sales slipped 3 percent to $3.9 billion. The majap manufacturer attributed the loss, its first in more than two years, to a number of one-time charges and a...

  • Hastings Sees Net 3Q Loss, But Sales Gains In Canada.  // Grand Rapids Business Journal;11/17/2003, Vol. 21 Issue 46, p11 

    Reports on the financial performance of Hastings Manufacturing Co. for the third quarter ended September 30, 2003. Net loss for the quarter; Increase in the company's revenues; Decline in sales of piston rings, Zollner pistons and ACL engine components.

  • Saks Executives Receive Bonuses for 2005. Zaczkiewicz, Arthur // WWD: Women's Wear Daily;4/14/2006, Vol. 191 Issue 80, p2 

    The article reports on the top executives bonuses awarded by retailer Saks Inc. for meeting business objectives in 2005, despite posting a loss on lower sales. Among the executives that received bonuses were Chairman R. Brad Martin and CEO Stephen Sadove. A proxy stated that bonuses were paid...


Other Topics