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31-08-2010 |
Saks shares up after report of buyout bid
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Saks Inc shares rose nearly 30 percent in premarket trading on Tuesday after a news report suggested a group of private equity firms may bid for the New York-based luxury department store operator.
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17-08-2010 |
Saks results beat on full-price selling; shares up
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Saks Inc posted better-than-expected quarterly results, helped by an uptick in luxury spending and the ability to sell more items at full price, sending its shares up 2.4 percent in premarket trading.
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03-06-2010 |
Saks digs heels into US luxury market
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Saks Inc is looking more deeply into its base of wealthy U.S. customers for growth as it sees little room to expand with new stores, domestically or abroad, and expects greater demand for luxury online.
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18-05-2010 |
Saks beats Street, while TJX outlook disappoints
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Saks Inc reported a higher-than-expected quarterly profit, while TJX, which won market share from the upscale retailer and major department stores in the recession, gave a forecast suggesting its recent growth pace may cool.
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05-05-2010 |
Saks to open four new OFF 5th stores
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High-end department store chain operator Saks Inc plans to open four more of its Saks Fifth Avenue OFF 5TH stores as it tries to tap the lower-priced sector for more growth.
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24-03-2010 |
CEO says Saks may close a few stores
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Saks Inc Chief Executive Stephen Sadove raised the possibility of the luxury department store operator closing a handful of underperforming stores as the retailer seeks to lift margins back to 2007 levels.
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18-03-2010 |
Italy's Della Valle again boosts Saks stake
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Italian businessman Diego Della Valle continued his shopping spree at Saks Inc in recent days, buying millions of new shares on top of recent stock purchases and nearly doubling his stake in the luxury U.S. department store chain since early March.
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24-02-2010 |
Saks narrows loss on cost cuts, less discounting
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Luxury department store operator Saks Inc reported a narrower quarterly loss as cost-cutting, less discounting and strong results at its Manhattan flagship store helped mitigate still sluggish sales.
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16-12-2009 |
Saks to cut 116 jobs at 5th Avenue store
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Saks Inc is cutting 116 jobs in the cosmetics and fragrance departments of its flagship Fifth Avenue store in New York as it moves to get outside vendors such as Chanel, Lancome and Clinique to fully staff their Saks counters themselves.
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15-12-2009 |
Saks ends rights plan to prevent takeover
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Saks Inc said it was ending changes it made to its shareholders rights plan last year when it sought to prevent a potential hostile takeover by Mexican billionaire investor Carlos Slim Helu.
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07-12-2009 |
Saks revises third quarter profit up on tax reserve change
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U.S. luxury department store operator Saks Inc restated its earnings from the most recent quarter upward after reclassifying the reversal of a $4.4 million tax reserve that had been set up for a potential tax liability.
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07-12-2009 |
Saks faces dilemma as luxury shoppers stay AWOL
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Struggling with slumping sales for the past two years, luxury department store operator Saks Inc is beefing up its less expensive offerings at the risk of diluting its brand.
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17-11-2009 |
Saks posts third quarter profit, shares up
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Upscale department store operator Saks Inc reported a quarterly profit, beating Wall Street expectations for a loss, and its shares rose 5.5 percent.
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04-11-2009 |
Lazard cuts 8 US retailers, says sell Saks
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Lazard Capital Markets downgraded eight retailers to "hold" from "buy", including apparel retailers American Eagle Outfitters Inc and Guess Inc, citing the stocks' dramatic out-performance since March.
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11-10-2009 |
Kiss deep holiday discounts goodbye, says Saks CEO
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If you are waiting for your local Saks Inc store to serve up the same deep discounts as in the 2008 holiday season -- don't hold your breath.
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30-09-2009 |
Saks offers up to $100 million of shares
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Saks Inc is offering up to $100 million in shares of its common stock, the upscale store operator said in a regulatory filing, and its shares fell 4.6 percent in after-hours trade.
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24-08-2009 |
Are Saks shares in style or out of fashion?
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Saks Inc shares have quadrupled from the 12-month low of $1.50 in March as investors applaud the department store operator's cost-cuts, inventory management and a push for lower-priced merchandise.
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18-08-2009 |
Saks posts wider second-quarter loss
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Upscale department store operator Saks Inc posted a wider quarterly loss as well-heeled shoppers held back from pricey purchases in the recession.
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10-06-2009 |
Saks sees 3-5 new outlet stores a year
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Upscale retailer Saks Inc expects to open three to five outlet stores per year but sees little need for additional locations for its core stores, as the U.S. economy remains mired in recession.
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28-05-2009 |
Italy's Della Valle says Saks stake strategic investment
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Diego Della Valle, the chairman and chief executive of Italian luxury shoe and bag maker Tod's, said on Thursday 28 May his stake in U.S. department store chain Saks Inc was a "strategic investment".
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27-05-2009 |
Saks investor says proxy firms back its proposals
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Two proxy advisory firms have recommended that shareholders of Saks Inc support initiatives pushed by a hedge fund aimed at making the luxury retailer's board more accountable to shareholders.
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19-05-2009 |
Saks cuts costs, TJX stays wary as thrift persists
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Saks Inc sought refuge in cost cuts to post a smaller-than-expected quarterly loss amid falling sales as department stores lose customers to lower-priced outlets like TJX Cos Inc, which reported higher revenue.
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18-05-2009 |
Saks shareholder seeks changes at upscale retailer
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A hedge fund firm with a stake in Saks Inc called for governance reforms, contending the struggling luxury retailer needs to adopt annual elections for all directors and become more responsive to investors.
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16-05-2009 |
Tods CEO takes stake in Saks
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Diego Della Valle, the chairman and chief executive of Italian luxury shoe and bag maker Tods SpA, has acquired a 5.9 percent stake in U.S. department store chain Saks Inc over the last few months.
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04-04-2009 |
Saks will pass on lower prices for luxury brands
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Saks Inc will pass on lower prices from top brands such as Prada and Christian Dior, which the upscale chain said on Friday will help spur sales during a deepening economic recession.
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12-03-2009 |
Saks hazy on impact of Baugur bankruptcy plan
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Saks Inc is unclear how a plan to file for bankruptcy from Icelandic investment firm Baugur, which owns Saks' shares, would affect the upscale U.S. department store chain, its chief executive said on Thursday March 12. Baugur owns about an 8.
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02-03-2009 |
Saks posts much bigger-than-expected loss
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Upscale retailer Saks Inc posted a much deeper-than-expected quarterly loss on Wednesday as its customers headed to sales racks or just cut spending outright in the worst holiday season in nearly 40 years.
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25-02-2009 |
Saks, TJX see no respite in consumer cutbacks
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Fashion sales fell victim to consumer cutbacks during the holidays and no respite is in sight this year, but upscale store chain Saks Inc (SKS.N) and off-price retailer TJX Cos Inc (TJX.N) signaled to investors they were working hard to weather the storm.
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