Saks Incorporated (SKS) - NYSE
SKS is defunct.
  • Apr. 10, 2013, 2:56 PM
    Saks (SKS +1.9%) board member Myron Ullman resigns from the the company's Board of Directors and audit committee after being tapped to take on the role of CEO at J.C. Penney.
    | Apr. 10, 2013, 2:56 PM
  • Apr. 9, 2013, 10:31 AM

    Department store stocks (M, SKS, SHLD, KSS, DDS) are trading lower in the wake of the divorce of Ron Johnson from J.C. Penney and a report on retail chain store sales that leaned to the soft side. It's a move that some analysts see as slightly curious with the weather-related delay to the spring selling season only a temporary bump and with J.C. Penney seemingly a punch or two away from a knockout that could bleed some sales to peers.

    | Apr. 9, 2013, 10:31 AM
  • Mar. 20, 2013, 9:19 AM

    Saks (SKS) plans to accelerate the rollout of its private label lines for men's clothing later this year, according to Women's Wear Daily. It's an important move by the retailer with same-store sales sluggish and online channels not quite keeping up with rivals.

    | Mar. 20, 2013, 9:19 AM
  • Mar. 15, 2013, 2:53 PM

    Consumer wrapup: An improved jobs situation and a break upward in the value of houses seems to be trumping higher payroll taxes as consumers continue to spend more than some of the more dire forecasts for the first half of 2012 foreshadowed. By sector, Staples (XLP), Discretionary (XLY), and Retail (XRT) are all double-digit gainers for the year, while defensive-oriented plays (PG, CLX, CL, REV, GIS) have been busy tracking higher. A couple of retail powerhouses - Wal-Mart (WMT) and TJX Companies (TJX) - haven't joined the 2013 frivolity just yet and the department store group (M, SKS, DDS, JWN, KSS, JCP) has lagged.

    | Mar. 15, 2013, 2:53 PM
  • Mar. 5, 2013, 8:29 AM
    Retail winners today include Ascena Retail Group (ASNA) and American Apparel (APP), both up double-digits after reporting solid earnings. Both companies blasted past the estimates of analysts as sales were boosted by a strong online business. It continues a trend of smaller retail chains chipping away at department stores online, highlighted dramatically by J.C. Penney's (JCP) online meltdown (-34.4% Q4, -37% Q3) and to a much lesser extent by growth rates at Dillard's (DDS), Kohl's (KSS), Sears (SHLD), Saks (SKS), and Nordstrom (JWN).
    | Mar. 5, 2013, 8:29 AM | 2 Comments
  • Feb. 26, 2013, 8:56 AM

    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.

    | Feb. 26, 2013, 8:56 AM
  • Feb. 26, 2013, 8:07 AM
    Saks (SKS): Q4 EPS of $0.17 beats by $0.01. Revenue of $976.6M (+5.6% Y/Y) beats by $13.46M. (PR)
    | Feb. 26, 2013, 8:07 AM
  • Feb. 26, 2013, 12:05 AM

    Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR

    | Feb. 26, 2013, 12:05 AM
  • Feb. 25, 2013, 5:30 PM

    Notable earnings before Tuesday’s open: AG, AKRX, AMED, AMT, AUXL, AZO, BMO, BYD, CBRL, CIE, CMLP, CRZO, ECL, EXPD, GTI, HD, HFC, M,MFA, PCS, RRD, RSH, SKS, SPRD, SRE, THC, TSL, UNFI, UTHR

    | Feb. 25, 2013, 5:30 PM
  • Feb. 8, 2013, 1:33 PM

    Retail 2.0: Saks (SKS +1.5%) will reassign the duties of senior managers so that they cover multiple channels. The omnichannel push in retail is proving to be successful with Macy's (M -0.9%) system of fulfilling online orders at stores and Target's (TGT +0.1%) integrated online and mobile strategy serving as two shining examples. In the case of Saks, a key exec admits, "we have to change how we do business."

    | Feb. 8, 2013, 1:33 PM
  • Feb. 8, 2013, 10:38 AM

    U.S. retailers prepare for the onslaught of Chinese tourists expected to celebrate the Chinese New Year by hitting high-end stores. In measures designed to stoke sales, department stores such as Saks (SKS +0.6%) and Macy's (M -0.1%) in New York City have adopted their payment systems to accept China UnionPay credit cards and are training their staff to learn simple Chinese phrases.

    | Feb. 8, 2013, 10:38 AM
  • Jan. 28, 2013, 10:22 AM

    The National Retail Federation forecasts 2013 retail sales will increase at a rate of 3.4%, lower than the 4.2% rise seen in 2012. Consumer attitudes will be influenced by higher payroll taxes and the ongoing fiscal cliff drama before improving in the second half of the year, according to the trade group. Retailers with strong online businesses should be able to ride out the moderate growth period adequately with online sales forecast to rise between 9% and 12% for the year.

    | Jan. 28, 2013, 10:22 AM | 9 Comments
  • Jan. 9, 2013, 2:48 PM

    Department store malaise: Macquarie's Liz Dunn take a swipe at the prospect for department stores to beat sales estimates, saying the expiration of the payroll tax cut and shaky consumer confidence will hit the sector fairly hard. She favors global brands selling in hotter markets such as Ralph Lauren (RL +1.8%), Coach (COH +1.9%), and Fossil (FOSL +0.7%) over mall-based plays such as J.C. Penney (JCP -0.7%), Kohl's (KSS +0.5%), and Macy's (M -0.6%).

    | Jan. 9, 2013, 2:48 PM
  • Nov. 29, 2012, 1:29 PM

    Deloitte retail analyst Alison Paul doesn't think the Hurricane Sandy excuse being trotted out by major retailers is too far off base. After accounting for a significant pre-storm slowdown and major power outages in the Northeast, she thinks the numbers as a whole are actually quite good. In that same vein, other analysts point to layaway sales and online sales yet to ship as two categories that will help December compensate for the light November.

    | Nov. 29, 2012, 1:29 PM | 2 Comments
  • Nov. 26, 2012, 1:08 PM
    Retail stocks (XRT -1.5%) are a mixed bag on the first day of trading following Black Friday. Though directionally, specialty sellers perceived as Black Friday winners such as Limited Brands (LTD +0.6%), Tilly's (TLYS +2.5%), Cache (CACH +2.8%), and Abercrombie & Fitch (ANF +0.4%) can be found, the overall trend is decliners outnumber gainers. One common theme for the day is a sluggish performance for department store stocks: Macy's (M) -3.6%, Nordstrom (JWN) -3.3%, Saks (SKS) -3.2%, J.C. Penney (JCP) -1.4%.
    | Nov. 26, 2012, 1:08 PM
  • Nov. 23, 2012, 6:51 AM
    Black Friday shopping will be the headline story in retail for the day, but the underlying plot will be the effect online channels have on the total sales hauls. Though various trade groups tag Black Friday weekend shopping to see a 3% to 4% rise this year, online shopping is expected to increase by closer to 15% heading into Cyber Monday. Online has also been where the winners and losers in the sector have been separated with major online forces such as Macy's (M) and Dick's Sporting Goods (DKS) roaring to huge gains - while the likes of J.C. Penney (JCP) and Big Lots (BIG) limp along.
    | Nov. 23, 2012, 6:51 AM | 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