Saks (SKS) looks to increase its promotional activity this holiday season with higher-end goods...

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

Saks (SKS) looks to increase its promotional activity this holiday season with higher-end goods already being advertised at 40% off. The retailer will also offer consumers sales personnel equipped with the ability to cut further deals. Part of the impetus for Saks' aggressive Black Friday markdowns could be a need to clear inventory after Hurricane Sandy impacted stores repping close to 40% of its revenue.