Patterns of luxury spending would seem to make high-end retailer Saks (SKS +22.3%), the subject...

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

Patterns of luxury spending would seem to make high-end retailer Saks (SKS +22.3%), the subject of buyout rumors, an attractive long-term bet. Spending by the rich has held up relatively well, and Saks has outperformed many of its peers; Q2 sales rose 5.1% from a year ago, and gross margins rose seven percentage points.