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Business Wire (May 3, 2013)
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Business Wire (Apr 24, 2013)
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Business Wire (Apr 23, 2013)
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Business Wire (Apr 15, 2013)
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Business Wire (Mar 29, 2013)
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Business Wire (Mar 28, 2013)
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Business Wire (Mar 25, 2013)
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Business Wire (Mar 15, 2013)
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Business Wire (Mar 8, 2013)
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Stock Watch Tuesday, 26 February 2013VFC's Stock House • Tue, Feb 26
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Business Wire (Feb 26, 2013)
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Prep for Saks' Tuesday Q2 Earnings ReportRobert Weinstein • Sat, Aug 13, 2011
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Saks Beats Expectations; Outlook PositiveZacks Investment Research • Wed, May 18, 2011
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Wave of Late-Day Put Buying Floods SaksoptionMONSTER • Wed, Mar 9, 2011
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Saks Narrows Loss in Q2Zacks Investment Research • Mon, Aug 23, 2010
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Option Sellers Return to SaksoptionMONSTER • Fri, Aug 20, 2010
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Saks Disappoints Shorts with Surprise EarningsData Explorers • Wed, Nov 18, 2009
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Saks Is Surprisingly Not Expensive to ShortData Explorers • Tue, Nov 17, 2009
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Earnings Preview: Saks IncorporatedTheflyonthewall • Mon, Nov 16, 2009
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Bulls Still Running in SaksoptionMONSTER • Wed, Sep 16, 2009
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Tod's Knows What He's Buying in SaksGarland Pollard • Mon, Jun 1, 2009
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Earnings Preview: SaksTheflyonthewall • Mon, May 18, 2009
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Stock Watch Tuesday, 26 February 2013VFC's Stock House • Tue, Feb 26
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Saks' CEO Discusses Q3 2012 Results - Earnings Call TranscriptTue, Nov 13, 2012
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Saks Incorporated Q3 2009 (Qtr End 10/31/09) Earnings Call TranscriptTue, Nov 17, 2009
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Saks Incorporated Q2 2009 Earnings Call TranscriptTue, Aug 18, 2009
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Saks Q4 2008 Earnings Call TranscriptWed, Feb 25, 2009
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Saks Incorporated Q3 2008 (Qtr End 11/01/08) Earnings Call TranscriptTue, Nov 18, 2008
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Saks Incorporated F2Q08 (Qtr End 08/02/08) Earnings Call TranscriptTue, Aug 19, 2008
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Saks Incorporated Q1 2008 Earnings Call TranscriptTue, May 20, 2008
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Saks Incorporated Q4 2007 Earnings Call TranscriptWed, Mar 5, 2008
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Saks Q3 2007 Earnings Call TranscriptTue, Nov 20, 2007
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Saks Q2 2007 Earnings Call TranscriptTue, Aug 21, 2007
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at CNBC.com (Fri, 4:25PM)
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at CNBC.com (Fri, 8:14AM)
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Business Wire (May 3, 2013)
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at Fox Business (Apr 26, 2013)
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Business Wire (Apr 24, 2013)
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Business Wire (Apr 23, 2013)
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at CNBC.com (Apr 15, 2013)
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Business Wire (Apr 15, 2013)
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at MarketWatch.com (Apr 15, 2013)
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at CNBC.com (Apr 15, 2013)
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at CNBC.com (Apr 15, 2013)
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at CNBC.com (Apr 15, 2013)
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at Fox Business (Apr 8, 2013)
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at CNBC.com (Apr 2, 2013)
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Business Wire (Mar 29, 2013)
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Business Wire (Mar 28, 2013)
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at CNBC.com (Mar 26, 2013)
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Business Wire (Mar 25, 2013)
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Business Wire (Mar 15, 2013)
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at CNBC.com (Mar 13, 2013)
SKS vs. ETF Alternatives
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
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- | Earnings
- | Dividends
- | M&A
- | On the move
- Tuesday, May 7, 9:29 AM Retail sales numbers for April could be a tad weaker than expected after weekly reports from Redbook and ICSC-Goldman on chain store sales both came in a bit below expectations. Retail read-through: Weather and swings in gas prices seemed to impact store traffic to malls (KSS, DDS, JCP, LTD, GPS, ANF, AEO) and supercenters (WMT, COST TGT), but economists think consumer confidence on the high end (TIF, RL, SKS, COH, BBBY) just might be on the rise. Also, with online sales de-emphasized in the weekly chain store reports - Internet whiz kids Macy's (M) and Urban Outfitters (URBN) could still outperform even if mall parking lots aren't packed. 1 Comment [Consumer, U.S. Economy]
- Monday, May 6, 5:00 AM More on a possible Neiman Marcus IPO: TPG Capital and Warburg Pincus reckon they can pull in $8B for the department store chain after sinking $5.1B into a purchase in 2005. If a deal is struck, the valuation set could be of interest to investors of mall rivals Saks (SKS) and Nordstrom (JWN). Comment! [Consumer, M&A]
- Friday, April 26, 10:48 AM 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. Comment! [Consumer]
- Thursday, April 18, 12:30 PM Department store chains are trading weak with weak economic indicators and chatter on weak sales trends at Wal-Mart (WMT -1.5%) swaying sentiment. The sector is already a bit jitterish with Target's (TGT -0.9%) Q1 sales warnings from earlier in the week still resonating. Decliners include Sears Holdings (SHLD -2.5%), Nordstrom (JWN -1.4%), Saks (SKS -1.6%), and Macy's (M -1.2%) - while Fred's (FRED +0.1%) and J.C. Penney (JCP +1.6%) are bucking the trend. Comment! [Consumer, On the Move]
- Monday, April 15, 12:13 PM Count Saks (SKS -4.6%) among the day's laggards as JPMorgan downgrades the shares to Neutral from Overweight. Analyst Matthew Boss says a rising tax burden on the company's key demographic could "potentially delay" H2 wealth effect driven spending. Additionally, the retailer "faces its toughest 2-year compare in 5+ years in Q2" and will be forced to cope with "rising gross margin headwinds." Price target reiterated at $12. Comment! [Consumer, On the Move]
- Friday, April 12, 8:47 AM The March report on retail sales indicates a measurable impact was felt by retailers from the round of cooler weather seen in the U.S. during the month right along with broader macroeconomic factors. Department store (KSS, JWN, DDS, SKS, SHLD) and home garden (HD, LOW) sales tipped to the weaker side while online sales showed some strength. 3 Comments [Consumer, U.S. Economy]
- Wednesday, April 10, 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. Comment! [Consumer]
- Tuesday, April 9, 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. Comment! [Consumer, On the Move]
- Wednesday, March 20, 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. Comment! [Consumer]
- Friday, March 15, 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. Comment! [Consumer, Quick Ideas]
- Tuesday, March 5, 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). 2 Comments [Consumer, On the Move]
- Tuesday, February 26, 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. Comment! [Earnings, Consumer, On the Move]
- Tuesday, February 26, 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) Comment! [Earnings, Breaking News]
- Tuesday, February 26, 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 Comment! [Earnings]
- Monday, February 25, 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 Comment! [Earnings]
- Friday, February 8, 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." Comment! [Consumer]
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