NEW You are able to -- Retailer Saks Incorporated (Can be: SKS) today announced in which owned sales wasted $235.7 million for any four weeks ended October 29, 2011 compared to be able to $233.9 million with the four weeks ended Oct 30, 2010, some sort of 0.8% increase. Very similar store sales increased 1.8% for the four week period.
For October,www.hollister2uk.com/dudes, the best categories at Saks Fifthly Avenue stores included women��s modern sportswear and WEAR Today (bridge) apparel, men��s attire and contemporary outfits, men��s shoes, and handbags. Saks Direct completed well during the four week period.
This October, the Company excluded cosmetics plus fragrances from its four-day Associates & Family discount celebration; cosmetics and scents were offered at a 10 % discount during the October 2010 event. Management estimations that October 2012 comparable store profits would have increased by mid-single digits if cosmetics as well as fragrances had been included in cases where.
For the third quarter wrapped up October 29, 2011, owned sales destroyed $678.6 million compared to $649.6 000 0000 for the prior year third quarter ended Oct 30, 2010, the 4.5% increase. Very similar store sales enhanced 5.8% for the next quarter.
On a year-to-date schedule, for the nine months ended October 29, 2011, owned sales destroyed $2,050.5 million as compared to $1,889.8 million pertaining to the prior year 9 months ended March 30, 2010, a good 8.5% increase. Comparable shop sales increased 15.3% for the nine many months.
Saks Incorporated operates Forty-six Saks Fifth Avenue merchants, 60 Saks OFF 6th stores, and saks.
Forward-looking Data
The information contained in this specific press release that deals with future results or objectives is considered ��forward-looking�� information within the definition of the Federal securities legislation. Forward-looking information in this document is usually identified through the use of text such as ��may,�� ��will,�� ��intend,�� ��plan,�� ��project,�� ��expect,�� ��anticipate,�� ��should,�� ��would,�� ��believe,�� ��estimate,�� ��contemplate,�� ��possible,�� and ��point.�� The actual forward-looking information is premised on many factors, some of which usually are outlined below. Precise consolidated results might fluctuate materially from projected forward-looking facts.
The forward-looking information and phrases are or can be based on a series of predictions and estimates and also involve risks and also uncertainties. These hazards and uncertainties contain such factors as: the level of consumer spending for luxury attire and other merchandise carried with the Company and its ability to reply quickly to client trends; macroeconomic conditions and their effect on consumer paying out; the Company��s ability to secure adequate financing; adequate and stable sources of products; the competitive the prices environment within the store sector; the effectiveness of organized advertising, marketing, in addition to promotional campaigns; good customer response to relationship marketing and advertising efforts of amazing credit card loyalty packages; appropriate inventory managing; effective expense handle; successful operation of the Company��s secret credit card strategic alliance along with HSBC Bank Nevada, N.A.; geo-political risks; a performance of the financial markets; modifications to interest rates; and fluctuations throughout foreign currency and fx rates. For additional information regarding these kind of and other risk factors, remember to refer to the Company��s filings with the Securities and exchange commission, including its Yearly Report on Form 10-K for the fiscal year ended January 29, Next year, its Quarterly Reports about Form 10-Q, and its Present-day Reports on Style 8-K, which may be accessed via the Internet at gov.
The Company undertakes no responsibility to correct or bring up to date any forward-looking statements, no matter if as a result of new info, future events, or otherwise.
Copyright Business Line 2011
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