Saks Incorporated(SKS)- NYSE
SKS is defunct.
  • Jul. 22, 2013, 3:34 PM

    S&P places Saks' (SKS -4%) BB credit rating on watch for a possible downgrade as it raises concerns about "meaningful amounts of debt" likely needed to finance an expected buyout. In addition to Lord & Taylor parent Hudson Bay reportedly bidding for the luxury retailer, Starwood Capital is said to have made an offer, and Qatar Holding may be interested.

    | Jul. 22, 2013, 3:34 PM
  • Jul. 19, 2013, 3:58 PM

    Saks (SKS +9%) soars towards $16 in late trading after the NY Post reports real-estate mogul Barry Sternlicht has made a bid for the high-end retailer; one source claims it's in the $17-$18/share range, putting it about even with Hudson Bay's. The paper adds Sternlicht "may be emerging as the surprise leader" in the battle to acquire Saks, in part because (unlike Hudson Bay) he's willing to let CEO Steve Sadove keep his job. A Middle Eastern sovereign wealth fund is also reportedly interested in the company.

    | Jul. 19, 2013, 3:58 PM
  • Jul. 10, 2013, 1:47 PM
    Nordstrom (JWN -0.5%) is the department store operator that is the leading the way in advances in digital initiatives and omni-channel marketing, according to NYU think tank Luxury Lab. Macy's (M -0.4%) and Saks (SKS -0.3%) took 2nd and 3rd place out of the 40 chains included in the study.
    | Jul. 10, 2013, 1:47 PM
  • Jul. 5, 2013, 1:05 PM
    Saks (SKS -0.3%) is reportedly seeking more warehouse space with its online business expanding past the space the retailer has committed to fulfill orders. The company is looking for a second warehouse facility in the Nashville area.
    | Jul. 5, 2013, 1:05 PM
  • Jun. 25, 2013, 2:57 PM
    DermStore Beauty Group has hired Wells Fargo to find a buyer, according to the The Wall Street Journal's Dana Mattioli. A deal in the neighborhood of $100M-$150M for the company's stable of skin care and cosmetics brands could make imminent sense for a department store (KSS, JWN, M, SKS, BONT) looking to boost online sales, although cash-poor J.C. Penney (JCP +3.9%) for one might have to sit out the bidding.
    | Jun. 25, 2013, 2:57 PM
  • Jun. 25, 2013, 7:33 AM
    If Hudson's Bay moves forward with a bid to acquire Saks (SKS) it could put the department store chain under the same corporate umbrella as Lord & Taylor. The end game: Richard Baker, the mogul behind both Hudson's Bay and Lord & Taylor, has a history of buying chains then selling off the leases of under-performing assets.
    | Jun. 25, 2013, 7:33 AM
  • Jun. 24, 2013, 8:44 AM

    Saks (SKS) is a serious target of Hudson's Bay, according to Women's Wear Daily. Talks are ongoing as the Canadian firm reviews how Saks might fit into its North American plans. SKS +3.4% premarket.

    | Jun. 24, 2013, 8:44 AM
  • Jun. 12, 2013, 10:42 AM
    Southeastern Asset Management lightened up its position in Saks (SKS) to 17.4M shares from 26M shares over the last few months with the retailer in the midst of M&A buzz. For the year, shares of Saks are up 38%.
    | Jun. 12, 2013, 10:42 AM
  • Jun. 5, 2013, 1:33 PM
    It's looking more unlikely that Saks (SKS -1%) will decide to merge with Neiman Marcus will happen, but that doesn't mean something isn't afoot at the retailer as it considers strategic options. On the topic of the real estate assets held by Saks, Citi's Deborah Weinswig notes management sees value waiting to be untapped, but is concerned about giving up the flexibility of owning its buildings and the tax considerations if they were to be sold.
    | Jun. 5, 2013, 1:33 PM
  • Jun. 4, 2013, 9:03 AM

    More on ICSC Retail Store Sales: The retail reading from Memorial Day week was solid as some pent-up demand was released. Department stores (M, JWN, KSS, JCP, SKS, DDS, SHLD, BONT, TJX) showed strength - while furniture sales (RH, HOFT, FBN, HVT, PIR, ETH, BSET) didn't quite keep up.

    | Jun. 4, 2013, 9:03 AM
  • May 31, 2013, 8:45 AM

    A below par reading on personal spending for April was affected by lower gas prices and home heating bills and isn't a biting indictment on retail spending (AEO, ANF, ARO, BBBY, BBY, BJ, CHS, COH, COST, DG, DLTR, GPS, HD, JCP, JWN, KSS, LOW, LTD, M, NDN, NKE, ODP, PIR, PLCE, RSH, SKS, SPLS, TGT, TJX, URBN, WMT, WSM, ZLC), according to economists. Auto sales also cooled off just a bit in April which had an impact. So far, retail trends have been largely favorable in May as the height of the spring selling season shifted a few weeks later.

    | May 31, 2013, 8:45 AM | 4 Comments
  • May 30, 2013, 4:59 PM

    Neiman Marcus' private-equity owners TPG and Warburg Pincus declined an offer to merge the retailer with Saks (SKS), WSJ says, citing sources who claim the deal undervalued Neiman. Other stumbling blocks included logistical difficulties, overlap, and the sheer complexity of the undertaking. Shares of SKS -1.33% AH.

    | May 30, 2013, 4:59 PM
  • May 29, 2013, 8:04 AM

    This week's ICSC-Goldman report on store sales highlighted strength at department stores (M, JWN, KSS, JCP, SKS, DDS, SHLD, BONT, TJX) during the Memorial Day weekend. It's a positive sign for the sector after the weather was widely blamed for the sluggish start to the spring selling season.

    | May 29, 2013, 8:04 AM
  • May 24, 2013, 10:46 AM

    Luxury retail companies seem to be seeing something more than economists do as they ramp up investments and marketing on expectations for increased high-end spending in the U.S. Even with all the focus on the growth potential for the luxury sector in China and Hong Kong, by sales the U.S. market is still twice as big and has plenty of upside, according to industry insiders. A wildcard in the mix is the impact from some relaxed rules on visa approvals for wealthier tourists from emerging markets. On watch: Hermes, LVMH Moet Hennessy (MAGOF.PK), Gucci (GUCG.PK), Louis Vuitton (LVMUY.PK), Coach (COH), Tiffany (TIF), Ralph Lauren (RL), Burberry (BURBY.PK), Saks (SKS), Hugo Boss, Christian Dior (CHDRF.PK).

    | May 24, 2013, 10:46 AM
  • May 22, 2013, 1:16 PM

    More on Saks-Neiman Marcus: A combination of the two high-end retailers could help save costs through store closings and would give rival Nordstrom (JWN +0.5%) plenty to think about. Still, striking a deal price could be very tricky with KKR advising Saks (SKS +17%) on one side and Goldman Sachs repping Neiman Marcus on the other. Stay tuned.

    | May 22, 2013, 1:16 PM
  • May 22, 2013, 1:07 PM
    Luxury retail shakeup: KKR is reportedly considering taking a stake in Saks (SKS +16.8%) and pushing the retailer to merge with Neiman Marcus.
    | May 22, 2013, 1:07 PM | 1 Comment
Company Description
The operations of Saks Incorporated, a Tennessee corporation first incorporated in 1919, and its subsidiaries (together the “Company”) consist of Saks Fifth Avenue (“SFA”), Saks Fifth Avenue OFF 5TH (“OFF 5th”), and SFA’s e-commerce operations. Previously, the Company also operated Saks... More
Sector: Services
Industry: Department Stores
Country: United States