TITLE

Smaller Saks Struggles for Sizzle

AUTHOR(S)
Hogsett, Don
PUB. DATE
March 2006
SOURCE
Home Textiles Today;3/6/2006, Vol. 27 Issue 22, p19
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
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.
ACCESSION #
19997063

 

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