More on Saks (SKS): The retailer only sees comparable store sales rise 0.7% Y/Y but manages a...

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

More on Saks (SKS): The retailer only sees comparable store sales rise 0.7% Y/Y but manages a narrow beat on the top and bottom lines of its Q4 report. For the full year, Saks expects to sees its gross margin rate increase 20 bps to 40 bps and same-store sales growth to fall in a 3% to 5% range. SKS +1.5% premarket.