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Topic: Saks Incorporated


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  Saks posts 4Q loss, plans special dividend - Boston.com
Saks Inc. reported Wednesday a loss in its fiscal fourth quarter, reversing a year-earlier profit, weighed by charges related to the sale of some department stores and disappointing performance in its flagship luxury retail chain.
Operating income at Saks Fifth Avenue Enterprises, the luxury chain that is seen as Saks' crown jewel, slid $50.4 million to $7.6 million during the quarter, hurt by lost revenue from a New Orleans department store, store closings and legal expenses.
Saks' Chief Executive Officer Stephen Sadove called the quarter's results "unacceptable," and said he would be directly involved in the day-to-day operations going forward.
www.boston.com /business/articles/2006/03/01/saks_reports_fourth_quarter_loss   (514 words)

  
 Saks Incorporated - Wikipedia, the free encyclopedia
Saks Incorporated (NYSE: SKS) is a Fortune 500 operator of department stores in the United States.
By 2005, Saks Incorporated began to seek a narrower focus towards the luxury-oriented retail synonymous with its Saks Fifth Avenue stores.
On August 2, 2006, Saks Incorporated announced that it had agreed to sell its 38 Parisian stores, along with two regional distribution centers, to Belk, which will rebrand them under their own name in the third quarter of 2007.
en.wikipedia.org /wiki/Saks_Incorporated   (549 words)

  
 Saks Vendors Chargebacks Class Action   (Site not responding. Last check: 2007-10-26)
Saks is already under investigation by the Securities and Exchange Commission for its chargebacks and markdown policies, and has conducted its own internal inquiry of these practices.
Saks faces similar allegations in a separate suit by a former individual vendor in federal court in New York.
Saks is a trademark of Saks Incorporated and is in no way affiliated with Lieff Cabraser Heimann and Bernstein, LLP.
www.lieffcabraser.com /saks.htm   (427 words)

  
 Investor Relations | Saks Incorporated
The first Saks Fifth Avenue store tentatively is expected to open in 2008 in a heritage building in the historic Bund district of downtown Shanghai, PRC.
Stephen I. Sadove, Chief Executive Officer of Saks Incorporated, commented, "Saks Fifth Avenue is one of the most recognized luxury retail brands in the world, and the only American department store retailer with a presence outside of the United States.
Saks Incorporated currently operates Saks Fifth Avenue Enterprises (SFAE), which consists of 55 Saks Fifth Avenue stores, 50 Saks Off 5th stores, and saks.com.
phx.corporate-ir.net /phoenix.zhtml?c=110111&p=irol-newsArticle&ID=843824&highlight=   (1296 words)

  
 Saks Fifth Ave - Careers
Saks' brand of service adds immeasurable value to the merchandise we sell.
To work at Saks is to be part of the highest echelon of service, expertly guiding our customers through our tasteful, modern fashions with a sure hand and personalized solutions.
Saks Fifth Avenue empowers the very best people to do the best work of their lives and rewards talented individuals with unlimited opportunities.
saksfifthave.ats.hrsmart.com   (164 words)

  
 Saks Fifth Avenue
Stagman added that Saks Incorporated had an existing Disaster Relief Fund for its associates, to which employees and vendors across the country added $440,000 in response to Katrina.
Although Saks Fifth Avenue’s employees were taken care of, the company still had to determine what to do with its 105,000 square-foot building, which for more than 20 years had been one of its top performing stores in the country.
Close coordination with the mall owner and Saks management to develop a plan for evaluation of the structural damage, stabilization of the heavily fire-damaged fourth level, and development of repair recommendations.
www.mactec.com /Projects/Saks_Fifth_Avenue.aspx   (1319 words)

  
 All saks jobs | Indeed.com
Saks Incorporated, one of the most recognized retailers in the world, has an exciting opportunity for a Lease Accounting Manager based in our corporate...
Saks Incorporated, one of the most recognized retailers in the world, has an exciting opportunity for a Senior Staff Accountant based in our corporate...
Saks Incorporated, one of the most recognized retailers in the world, has an exciting opportunity for a Senior Staff Accountant - General Accounting based in...
www.indeed.com /jobs?q=saks&l=&from=rss   (529 words)

  
 DCR Rates Saks Incorporated's Notes
Saks has a strong presence and solid competitive position within its markets and has maintained adequate financial flexibility despite the completion of sizable acquisitions in recent years.
Saks' credit protection measures weakened in 1998 as the company assumed more than $900 million of debt in its merger with Saks Holdings and took on additional debt to finance its $482 million acquisition of 15 former Mercantile stores from Dillards.
Saks' earnings were affected by a number of non-recurring writedowns following the Saks merger and higher interest expense.
www.prnewswire.com /cgi-bin/stories.pl?ACCT=105&STORY=/www/story/07-21-1999/0000986896   (442 words)

  
 Business Wire Business News: Saks Incorporated Announces Saks Fifth Avenue's Planned Expansion into Mexico; Store to ...   (Site not responding. Last check: 2007-10-26)
Retailer Saks Incorporated SKS (the "Company") today announced its plans to further expand its international presence by opening its first Saks Fifth Avenue store in Mexico.
Saks Fifth Avenue will deliver an exceptional program of personalized customer service and expects to offer numerous in-store amenities such as luxury fitting rooms, a spa, and its signature Fifth Avenue Club.
Saks Incorporated currently operates Saks Fifth Avenue Enterprises (SFAE), which consists of 54 Saks Fifth Avenue stores, 50 Saks Off 5th stores, and saks.com.
news.moneycentral.msn.com /provider/providerarticle.asp?Feed=BW&Date=20060918&ID=6031757   (1015 words)

  
 Saks Incorporated Careers: Vault Career & Hiring Profiles   (Site not responding. Last check: 2007-10-26)
Saks Incorporated employee surveys are collected by Vault editors, Vault Gold Surveys provide detailed information on careers and hiring at specific employers.
Business Outlook: Saks NY will always do well I think because they are a well known company and they are in a prime l...
We provide a free insider career profile on Saks Incorporated, based on interviews and surveys of Saks Incorporated employees.
www.vault.com /career-company/Saks-Incorporated.html   (598 words)

  
 Saks News
A Luxury retailer Saks Incorporated reported a decrease in sales of 49.3 percent for the month of November 2006.
From the modest cubicles in Macy's headquarters in Cincinnati to the spacious corner offices at Saks Fifth Avenue in Manhattan, merchants are beginning to discuss something virtually unheard of in the American...
A Saks Incorporated's third quarter revenue rose 8 percent to $697 million for three months ending October 28, 2006.
www.topix.net /com/sks   (643 words)

  
 Saks Incorporated Chooses QRS Sourcing(tm) for Private Label Management
Saks had several interdependent objectives including controlling expenses by shifting from a guaranteed landed cost to a first-cost structure; reducing design-to-delivery cycle times; and providing seamless visibility and integrated workflow across its divisions.
To meet these objectives, Saks sought a solution that could be implemented across its entire global supply chain.
Saks Incorporated operates its Saks Department Store Group (SDSG) with 242 department stores under the names of Parisian, Proffitt`s, McRae`s, Younkers, Herberger`s, Carson Pirie Scott, Bergner`s, Boston Store and 15 mall-based Club Libby Lu specialty stores.
www.internetretailer.com /internet/marketing-conference/50941-saks-incorporated-chooses-qrs-sourcingtm-private-label-management.html   (704 words)

  
 William Morris Agency   (Site not responding. Last check: 2007-10-26)
SFAE, a division of Saks Incorporated, consists of 61 Saks Fifth Avenue stores, which cover more than 6 million square feet of premium real-estate space in 23 states, including its flagship store in New York City.
For example, Saks Fifth Avenue provided display space in the windows of its flagship New York location to preview the new-look of the Wall Street Journal, which was unveiled in April.
One of the country's premier retail enterprises, Saks Incorporated operates more than 350 stores in 39 states with more than $6 billion in annual revenues.
www.wma.com /0/press/pressreleases/Saks_WMC_052902_Final.html   (533 words)

  
 RedOrbit - Technology - Saks Wraps Up Deal With MCI
Under terms of the new contract, MCI will become Saks' primary communications provider, delivering the advanced products and services that are helping Saks to efficiently process point-of-sale transactions, quickly obtain credit card authorizations and expedite customer service through MCI's Contact Center Services.
MCI is supplying Saks with high-bandwidth, high-availability Internet connections to its data center, secure IP VPN Remote Access for its nearly 1,000 traveling and remote associates, a frame relay network and toll-free, local and long distance voice services.
Saks Incorporated currently operates Saks Department Store Group (SDSG) with 241 department stores under the names of Parisian, Proffitt's, McRae's, Younkers, Herberger's, Carson Pirie Scott, Bergner's, and Boston Store and 31 Club Libby Lu specialty stores.
www.redorbit.com /news/display?id=101073   (521 words)

  
 Saks Incorporated Jobs: Vault Jobs & Employment Profiles   (Site not responding. Last check: 2007-10-26)
The company's largest business segment is the Saks Department Store Group (SDSG), which operates a total of 241 department stores under the names Carson Pirie Scott, Bergner's, Parisian, Proffitt's, McRae's, Younkers, Herberger's and Boston Store and Club Libby Lu.
The company is most famous for Saks Fifth Avenue Enterprises, which consists of 62 Saks Fifth Avenue stores and 53 Saks Off 5th stores across the country.
Saks Incorporated employee surveys are collected by Vault editors, Vault Gold Surveys provide detailed information on jobs and employment at specific employers.
www.vault.com /jobs-company/Saks-Incorporated.html   (399 words)

  
 3 Saks executives to resign in 2007 - Boston.com
Retailer Saks Inc. said Monday three executives intend to leave the company for personal reasons, rather than relocate with the company to New York in 2007.
--Retailer Saks Inc. said Monday three executives intend to leave the company for personal reasons, rather than relocate with the company to New York in 2007.
Shares of Saks rose 32 cents to close at $18.80 on the New York Stock Exchange.
www.boston.com /business/articles/2006/10/23/3_saks_executives_to_resign_in_2007   (209 words)

  
 Saks Incorporated Announces Plans for a New Saks Fifth Avenue Store in Richmond   (Site not responding. Last check: 2007-10-26)
Christina Johnson, President and Chief Executive Officer of Saks Fifth Avenue, commented, "The City of Richmond represents a tremendous opportunity for Saks Fifth Avenue, with its attractive demographics and highly desirable customer base.
"Saks Fifth Avenue is the perfect complement to Stony Point Fashion Park's upscale offering and in keeping with our intent to bring new-to-the-market retailers to Richmond," said Robert Taubman, President and Chief Executive Officer of Taubman Centers, Inc. "We believe the Richmond community is both anxiously awaiting and deserving of this type of retail mix."
Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 62 Saks Fifth Avenue stores, 50 Saks Off 5th stores, and Saks Direct.
www.rebuz.com /transact/1001transact/saks.htm   (415 words)

  
 Saks Incorporated Information, Latest News, Articles
NEW YORK----Retailer Saks Incorporated today announced that Dennis Ling has been named Senior Vice President and Treasurer of Saks Fifth Avenue Enterprises.
As part of the overall revitalization of Saks Fifth Avenue, one of America's most familiar and enduring icons of style and commerce, the Saks logo has been updated for the 21st century.
BIRMINGHAM, Ala.----Retailer Saks Incorporated today announced that for the four weeks ended November 25, 2006 compared to the four weeks ended November 26, 2005, total Company comparable store sales increased 7.2%, and total sales decreased 49.3%.
www.market-day.net /news/saks-incorporated.php   (367 words)

  
 N A M W O L F   (Site not responding. Last check: 2007-10-26)
Martin went on to say, “Diversity is a fundamental value at Saks Incorporated.
Saks Incorporated (www.saks.com) currently operates Saks Department Store Group (SDSG) with 241 department stores under the names of Parisian, Proffitt's, McRae's, Younkers, Herberger's, Carson Pirie Scott, Bergner's, and Boston Store.
The Company also operates Saks Fifth Avenue Enterprises (SFAE), which consists of 60 Saks Fifth Avenue stores and 53 Saks Off 5th stores.
www.namwolf.org /News/Saks.htm   (340 words)

  
 Saks Deploys CRM Solutions and Gift Registry Kiosks from NCR to Enhance Customer Engagement   (Site not responding. Last check: 2007-10-26)
NEW YORK - Several retail banners of Saks Incorporated, (NYSE: SKS), one of the country's most innovative fashion retailers, are deploying new business solutions from NCR Corporation (NYSE: NCR) to enhance the retailer's relationships with customers.
Saks Fifth Avenue Enterprises (SFAE) is implementing the Customer Relationship Management (CRM) suite of applications from Teradata, a division of NCR, as part of its commitment to exceed the demands of its customers and extend their loyalty.
Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 62 Saks Fifth Avenue stores and 54 Saks Off 5th stores.
www.teradata.com /t/page/117001   (812 words)

  
 3 Saks Executives Will Resign - New York Times
Saks Inc., owner of the luxury Saks Fifth Avenue department stores, said its chief financial officer, Douglas E. Coltharp, and two other executives will resign next year as the company consolidates operations in New York City.
Its fiscal second-quarter loss was $51.9 million, or 38 cents a share, compared with net income of $8.19 million, or 6 cents a share, a year earlier.
Saks has sold its regional midprice department-store chains in the past year to concentrate on the Saks Fifth Avenue unit, which includes 54 Saks Fifth Avenue stores, 50 Off 5th outlets and its Saks Direct operation.
www.nytimes.com /2006/10/24/business/24saks.html?ex=1319342400&en=32702e93b9c75d53&ei=5090&partner=rssuserland&emc=rss   (425 words)

  
 Saks Incorporated Provides Update on Two California Saks Fifth Avenue Stores; Palos Verdes to Close and Mission Viejo ...
Saks Incorporated Provides Update on Two California Saks Fifth Avenue Stores; Palos Verdes to Close and Mission Viejo to Remain Open
NEW YORK -- Retailer Saks Incorporated (NYSE: SKS) ("Saks" or the "Company") today provided an update on two California Saks Fifth Avenue stores previously slated for closure.
These charges will be recorded in the second fiscal quarter of 2006 and are expected to total approximately $2 million on a pre-tax basis.
www.findarticles.com /p/articles/mi_m0EIN/is_2006_May_8/ai_n16348757   (695 words)

  
 Saks Incorporated Announces October Comparable Store Sales Increase of 4.6% Business Wire - Find Articles
The Saks Fifth Avenue store in New Orleans suffered substantial damage related to Hurricane Katrina, which struck in late August 2005.
Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 55 Saks Fifth Avenue stores, 50 Saks Off 5th stores, and saks.com.
On October 31, 2005, the Company announced it had reached an agreement to sell NDSG to The Bon-Ton Stores, Inc. for $1.185 billion in a transaction expected to close early in the first fiscal quarter of 2006.
www.findarticles.com /p/articles/mi_m0EIN/is_2005_Nov_3/ai_n15772859   (519 words)

  
 Boys' Vests Recalled by Saks Incorporated
The elastic toggle cord on the end of the zipper pulls can loosen and come off, posing a choking hazard to young children.
Saks has received one report of a toggle coming off.
Consumers should stop using the vest immediately and return the vest to any Saks store for a refund.
www.keepkidshealthy.com /recalls/clothing/01164.html   (309 words)

  
 Saks Inc. success story   (Site not responding. Last check: 2007-10-26)
Saks Inc. is a major operator of department stores in the U.S. Company
Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of Saks Fifth Avenue stores, Saks Off 5th stores, and saks.com.
SAKS Incorporated wanted to improve in-store service levels and replenishment of basic stock items.
www.logility.com /news/saks.html   (118 words)

  
 Saks Incorporated Announces August Sales
Saks Incorporated will release results for the third quarter ended
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Sept. 4, 2003--Retailer Saks Incorporated (NYSE:SKS) (the "Company") today announced that comparable store sales for the four weeks ended August 30, 2003 compared to the four weeks ended August 31, 2002 increased 0.8% on a total company basis.
Saks Incorporated operates Saks Fifth Avenue Enterprises (SFAE), which consists of 60 Saks Fifth Avenue stores and 53 Saks Off 5th stores.
quickstart.clari.net /qs_se/webnews/wed/bv/Bal-saks.RwxO_DS4.html   (605 words)

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