Saks Incorporated sales down in Nov

02 Dec '05

3 min read

Department Store Retailer Saks Incorporated announced that for the four weeks ended November 26, 2005 compared to the four weeks ended November 27, 2004, total Company comparable store sales increased 0.1 percent and total sales decreased 14.5 percent.

By segment, comparable store sales increased 2.3 percent for SDSG and decreased 2.3 percent for SFAE for the month.

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

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's sales are excluded from total company and comparable sales.

The Saks Fifth Avenue store in New Orleans is closed due to hurricane damage and has been removed from the comparable store sales calculation.

Revenues for the New Orleans store totaled approximately $5.8 million in November 2004.

For the four weeks ended November 26, 2005 compared to the four weeks ended November 27, 2004, owned sales were:
Merchandise categories with the best sales performances for SDSG in November were outerwear, intimate apparel, shoes, soft home, and junior's apparel.

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

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