International Business News - Saks http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif Among the stock activity stories for Friday, Sept. 5, from AP Financial News: NEW YORK (AP)--Shares of Saks Inc., which operates Saks Fifth Avenue stores, fell Friday amid a report that an Icelandic investor is no longer pursuing an acquisition of the luxury retailer this year. http://www.ibtimes.com/articles/20080905/movers-roundup-saks-smith-wesson.htm Fri, 05 Sep 2008 14:34:04 EDT Shares of Saks Inc., which operates Saks Fifth Avenue, fell more than 5 percent Friday amid a report that an Icelandic investor is no longer pursuing an acquisition of the luxury retailer this year. http://www.ibtimes.com/articles/20080905/saks-stock-falls-on-report-baugur-interest-fades.htm Fri, 05 Sep 2008 12:05:21 EDT Retailer Saks Inc. said Thursday that August same-store sales decreased 5.9 percent, hurt by weakness in women's apparel and shoes. Analysts surveyed by Thomson Reuters were looking for the retailer to post a 4.7 percent drop in same-store sales, or sales at stores open at least one year, which is a key indicator of performance since it measures growth at existing stores rather than newly opened ones. http://www.ibtimes.com/articles/20080904/saks-same-store-sales-fall-5-9-percent-in-august.htm Thu, 04 Sep 2008 07:59:12 EDT Saks Inc. said Wednesday that it will open a Saks Fifth Avenue "Off 5th" store in San Antonio in spring 2009. The store will be located in The Rim, a shopping and entertainment center in the city's northwest corridor. http://www.ibtimes.com/articles/20080903/saks-to-open-discount-store-in-san-antonio.htm Wed, 03 Sep 2008 11:02:58 EDT Saks Inc.'s downbeat full-year forecast, announced Tuesday, as it reported a wider-than-expected loss in the second quarter is fueling concerns among analysts about its business amid an increasing pullback among the affluent. http://www.ibtimes.com/articles/20080820/saks-report-fuels-concern-about-consumer-spending.htm Wed, 20 Aug 2008 17:47:31 EDT Among the stock activity stories for Tuesday, Aug. 19, from AP Financial News: NEW YORK (AP)--Shares in Saks Inc. tumbled more than 10 percent Tuesday after the luxury goods retailer reported a wider-than-expected loss for the second quarter and delivered a downbeat forecast for the year. http://www.ibtimes.com/articles/20080819/movers-roundup-saks-staples.htm Tue, 19 Aug 2008 14:34:27 EDT Shares in Saks Inc. tumbled more than 8 percent Tuesday after the luxury goods retailer reported a wider-than-expected loss for the second quarter and delivered a downbeat forecast for the year. http://www.ibtimes.com/articles/20080819/saks-shares-drop-10-percent-after-wider-2q-loss.htm Tue, 19 Aug 2008 19:40:51 EDT Saks Inc., which operates the luxury chain Saks Fifth Avenue, offered a downbeat outlook for the full year on Tuesday as it reported a wider-than-expected loss in the second quarter. http://www.ibtimes.com/articles/20080819/saks-offers-downbeat-outlook.htm Tue, 19 Aug 2008 08:39:29 EDT Luxury goods retailer Saks Inc. reported a wider-than-expected loss for the second quarter on Tuesday and delivered a downbeat forecast for the year as its affluent customers cut back on apparel amid a slowing economy. http://www.ibtimes.com/data/articleimgs/111902-earns-saks.jpg http://www.ibtimes.com/articles/20080819/saks-reports-wider-2q-loss.htm http://www.ibtimes.com/articles/20080819/saks-reports-wider-2q-loss.htm Tue, 19 Aug 2008 09:44:31 EDT Shares of Saks Inc., which operates Saks Fifth Avenue stores, rose Monday amid a belief among some investors that the company's turnaround is gaining some ground. http://www.ibtimes.com/articles/20080818/saks-shares-rise-2-percent.htm Mon, 18 Aug 2008 11:31:34 EDT Luxury retailer Saks Inc. reports earnings for the fiscal second quarter on Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20080815/earnings-preview-saks-to-report-2q-results.htm Fri, 15 Aug 2008 17:30:53 EDT Luxury department store chain Saks Inc. said Thursday its same-store sales declined far more than Wall Street analysts expected in July, dropping 5.3 percent. http://www.ibtimes.com/articles/20080807/saks-same-store-sales-fell-5-3-percent-in-july.htm Thu, 07 Aug 2008 08:53:49 EDT Luxury retailer Saks Inc. said Thursday its same-store sales rose 1.9 percent in June, missing Wall Street expectations. Analysts expected a gain of 6.5 percent, according to a survey by Thomson Financial. http://www.ibtimes.com/articles/20080710/saks-same-store-sales-rise-1-9-percent-in-june.htm Thu, 10 Jul 2008 08:54:03 EDT Saks Inc. on Thursday said its executive vice president of stores at its Saks Fifth Avenue chain will retire early next year, setting off a series of promotions at the luxury retailer, effective Monday. http://www.ibtimes.com/articles/20080612/saks-fifth-avenue-executive-to-retire.htm Thu, 12 Jun 2008 17:04:52 EDT High-end retailer Saks Inc. said Thursday that same-store sales tumbled 8.7 percent in May on weak women's apparel performance and the shift of a clearance sale into April. http://www.ibtimes.com/articles/20080605/saks-same-store-sales-drop-8-7-percent-in-may.htm Thu, 05 Jun 2008 09:03:55 EDT Credit-ratings agency Fitch Ratings on Tuesday upgraded ratings on luxury retailer Saks Inc. due to improving same-store sales and credit metrics. The company raised its long-term issuer default rating to "B+" from "B." http://www.ibtimes.com/articles/20080603/fitch-upgrades-saks-ratings.htm Tue, 03 Jun 2008 15:31:52 EDT Shares of upscale retailer Saks Inc. fell 8 percent during Tuesday's trading after reporting lower-than-expected quarterly profit as markdowns pressured gross margin. http://www.ibtimes.com/data/articleimgs/50754-saks.jpg http://www.ibtimes.com/articles/20080520/saks-retailer-luxury-quarter-earnings.htm http://www.ibtimes.com/articles/20080520/saks-retailer-luxury-quarter-earnings.htm Tue, 20 May 2008 17:43:43 EDT Shares of Saks Inc. fell on Tuesday, after the luxury retailer said first-quarter profit rose 66 percent but missed analyst expectations amid a difficult retail environment. http://www.ibtimes.com/articles/20080520/saks-shares-falls-as-1q-profit-misses-expectations.htm Tue, 20 May 2008 17:19:50 EDT Among the earnings stories for Tuesday, May 20, from AP Financial News: NEW YORK (AP) -- Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66 percent increase in first-quarter earnings compared with weak year-ago results. It said increased discounting hurt profit margins as even wealthy customers were feeling squeezed. http://www.ibtimes.com/articles/20080520/earnings-roundup-saks-imperial-tobacco-group.htm Tue, 20 May 2008 14:57:46 EDT Saks Inc., the operator of luxury chain Saks Fifth Avenue, reported Tuesday a 66 percent increase in first-quarter earnings compared with weak year-ago results. It said increased discounting hurt profit margins as even wealthy customers were feeling squeezed, and its shares tumbled more than 6 percent in morning trading. http://www.ibtimes.com/data/articleimgs/50280-earns-saks.jpg http://www.ibtimes.com/articles/20080520/saks-reports-higher-1q-profit.htm http://www.ibtimes.com/articles/20080520/saks-reports-higher-1q-profit.htm Tue, 20 May 2008 10:14:40 EDT