Saks (SKS) to reduce staff by 9% (1,100 positions). "Our financial performance is increasingly...

|About: Saks Incorporated (SKS)|By:, SA News Editor
Saks (SKS) to reduce staff by 9% (1,100 positions). "Our financial performance is increasingly being challenged by some of the most difficult economic conditions our company has faced in its 84-year history. It is our expectation that the economic environment will remain extremely challenging through 2009, if not beyond." (PR)