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Saks Inc reports 4% gain in Jan com store sales

Feb '06
Retailer Saks Incorporated announced that for the four weeks ended January 28, 2006 compared to the four weeks ended January 29, 2005, total Company comparable store sales increased 4.0 percent and total sales decreased 10.9 percent.

By segment, comparable store sales increased 4.3 percent for SDSG and increased 3.7 percent for SFAE for the month.

Sales below are in millions and represent sales from owned departments only.

Merchandise categories with the best sales performances for SDSG in January were furniture, junior's apparel, women's large size sportswear, intimate apparel, and home.

Categories with the softest sales performances for SDSG in January were women's moderate sportswear, men's sportswear, and men's furnishings.

Categories with the best sales performances for SFAE in January were women's and men's contemporary sportswear, women's designer apparel, accessories, and fragrances.

Categories with the softest performances for SFAE in January were women's bridge apparel, outerwear, fashion jewelry, intimate apparel, and men's clothing.

The Company completed the sale of its SDSG Proffitt's/McRae's business to Belk, Inc. effective Midnight on July 2, 2005.

Therefore, Proffitt's/McRae's sales are included in prior year sales and in current year sales through June 2005 (fiscal month ended July 2, 2005).

Beginning in July 2005 (fiscal month beginning July 3, 2005), Proffitt's/McRae'ssales are excluded from total company and comparable sales.

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