More on Saks' (SKS) Q3: Same-store sales up a modest 3.3% for the quarter. Gross margin slipped...

|About: Saks Incorporated (SKS)|By:, SA News Editor

More on Saks' (SKS) Q3: Same-store sales up a modest 3.3% for the quarter. Gross margin slipped 30 bps Y/Y to 43.9%, due primarily to a small pickup in promotional activity. The retailer notes "soft" sales trends during the first two weeks of November with Hurricane Sandy a major consideration. Sees flat comparable-store sales growth in Q4. (PR)