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Saks sales down 26 percent in February

March 05, 2009

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New York--Same-store sales at Saks Inc. decreased 26 percent for the four weeks ended Feb. 28, the company announced on Thursday.

Owned sales for the period decreased 26 percent to $166.7 million, compared with $227.6 million for the four weeks ended March 1, 2008.

The company experienced continued weakness across all merchandise categories, particularly in women's apparel.

Categories and businesses at Saks Fifth Avenue with relative strength in February were eveningwear, fragrances, women's and men's accessories, and OFF 5TH.

Saks Inc. operates 53 Saks Fifth Avenue stores, 51 Saks OFF 5TH stores and Saks.com.
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Financial Reporting

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