News

Saks’ sales take a dip

The second half of the year is expected to show a fall too

diamond world news service

Saks Inc. has experienced a fall in its productivity, spanning various time intervals. In September 2008, its total sales dipped by 11.1 percent to $273.2 million, and its same-store sales saw a decrease of 10.9 percent. Within its product bracket, jewellery, perfumes and cosmetics generated the highest sales.

For the quarter to date period, the sales slid by 9 percent amounting to $473.7 million. For the fiscal year to date sales slipped less than 1 percent to $1.992 billion. For the second half of the year, the company expects its sales to present a single-digit decline.


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