(Adds details on results, official comments, market reaction)
doubling retail sales during the period. Same-store sales rose 2.5%, including a 2.6% jump in comps at newly-acquire Saks . The company also saw its gross margin rate improve by 30 bps to 40.6% on strong demand in key categories. The strong
face increased competition. Macy's is upgrading its merchandise assortment and growing its Bloomingdale's brand, while Saks has been adding affordable luxury. Other retailers such as Neiman Marcus and Lord & Taylor have received private equity
marketplace. Ralph Lauren has developed key relationships with wholesale department store partners, ranging from the high-end Saks to exclusive products at Kohl's, which give it an advantage over smaller competitors with less established brands. In
Aug 5 (Reuters) - Neiman Marcus has selected underwriters for a near term initial public offering, in the latest sign that the high end department store is looking towards going public rather than...
ahead of fashion trends. Saks ' historically low and ..... dramatically different. Saks is improving, but luxury ..... On a relative basis, Saks still trails the market ..... owns nearly 25 of its Saks Fifth Avenue stores, including its
pay $16 a share in cash and assumed debt for Saks SKS . We think this is a good price for Saks ' shareholders and believe the deal will go through. The deal values Saks ' equity at $2.4 billion, or $2.9 billion
retained the higher-end transactional cards that did not have high rolling balances, such as Neiman Marcus or Saks Fifth Avenue . All the while, Capital One has been focused on expanding its automotive and commercial lending segments. Despite
Saks ' SKS stock has risen again to nearly $16, well above our $9 fair value estimate, following a Friday New York Post report that Starwood
(Reuters) - Real estate investment firm Starwood Capital Group LLC Chief Executive Barry Sternlicht has made an offer for Saks Inc , the New York Post reported on Friday, driving the luxury...