Attached files
| file | filename |
|---|---|
| 8-K - FORM 8-K - SAKS INC | d293059d8k.htm |
Exhibit 99.1
SAKS INCORPORATED ANNOUNCES JANUARY COMPARABLE
STORE SALES
| Contact: |
Julia Bentley | |||
| (865) 981-6243 | ||||
| FOR IMMEDIATE RELEASE | www.saksincorporated.com |
New York, New York (February 2, 2012)—Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $175.6 million for the four weeks ended January 28, 2012 compared to $163.8 million for the four weeks ended January 29, 2011, a 7.2% increase. Comparable store sales increased 10.5% for the month.
For January, the strongest categories at Saks Fifth Avenue stores included women’s contemporary and “gold range” designer apparel; handbags; and men’s accessories, clothing and contemporary apparel. Saks Direct sales performed well during the month.
For the fourth quarter ended January 28, 2012, owned sales totaled $905.1 million compared to $850.8 million for the prior fourth quarter ended January 29, 2011, a 6.4% increase. Comparable store sales increased 7.7% for the fourth quarter.
For the fiscal year ended January 28, 2012, owned sales totaled $2,955.7 million compared to $2,740.6 million for the prior year fiscal year ended January 29, 2011, a 7.8% increase. Comparable store sales increased 9.5% for the fiscal year.
Saks Incorporated operates 46 Saks Fifth Avenue stores, 60 Saks OFF 5TH stores, and saks.com.
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