Attached files
| file | filename |
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| 8-K - FORM 8-K - SAKS INC | d8k.htm |
Exhibit 99.1
SAKS INCORPORATED ANNOUNCES JUNE COMPARABLE STORE SALES
| Contact: | Julia Bentley | |||||
| (865) 981-6243 | ||||||
| FOR IMMEDIATE RELEASE | www.saksincorporated.com |
New York, New York (July 7, 2011)—Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $258.6 million for the five weeks ended July 2, 2011 compared to $237.9 million for the five weeks ended July 3, 2010, an 8.7% increase. Comparable store sales increased 11.9% for the month.
On a quarter-to-date basis, for the two months ended July 2, 2011, owned sales totaled $467.1 million compared to $415.5 million for the prior year two months ended July 3, 2010, a 12.4% increase. Comparable store sales increased 15.5% for the two months.
On a year-to-date basis, for the five months ended July 2, 2011, owned sales totaled $1,180.8 million compared to $1,072.3 million for the prior year five months ended July 3, 2010, a 10.1% increase. Comparable store sales increased 12.3% for the five months.
For June, the strongest categories at Saks Fifth Avenue stores included women’s shoes and designer apparel; men’s clothing, sportswear, shoes, and accessories; and fine and fashion jewelry. Saks Direct performed well during the month.
Saks Incorporated operates 46 Saks Fifth Avenue stores, 57 Saks OFF 5TH stores, and saks.com.
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