Is Saks (SKS -1%) becoming more promotional? Retail analyst Rahul Sharma notes the retailer...

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

Is Saks (SKS -1%) becoming more promotional? Retail analyst Rahul Sharma notes the retailer increased the discount rate on an annual friends and family sale to 25% from 20% a year ago. For what it's worth, a scan of savings site RetailMeNot.com also seems indicate a slightly more promotional positioning from Saks than rivals.