• Most Popular
  • Most Shared

Saks June same-store sales fall 5.6 pct

Thu Jul 12, 2007 8:58am EDT

Stocks

   

(Reuters) - Upscale retailer Saks Inc. (SKS.N) reported a 5.6 percent fall in June sales at its stores open at least a year and said owned sales fell 3.9 percent to $237.6 million for the month.

The company also said it continued to expect low-double digit same-store sales growth for the second quarter.

Analysts, on average, had expected the company's June same-store sales to fall 4.8 percent, according to a poll conducted by Reuters.

(Reporting by Ramya Dilip in Bangalore)


More from Reuters

Photo

Accused 9/11 plotters may face NY "Guantanamo"

NEW YORK (Reuters) - If the men accused of plotting the September 11 attacks wonder what conditions they might face when they are moved to New York from Guantanamo Bay for trial, they can expect solitary confinement, 23-hour-a-day lockdowns, constant video surveillance and almost no visitors.

» More Top News
Traders in the oil options pit work at the New York Mercantile Exchange, September 9, 2008. REUTERS/Chip East
Analysis:

"More assumptions, more risk"

New oil and gas reserve rules were supposed to improve transparency, but the unforeseen consequences of the regulations could add a layer of uncertainty for investors.  Full Article 

regulatory news
The sun sets over the Mackenzie Delta near Inuvik, Northwest Territories November 11, 2009. Credit: REUTERS/Jeffrey Jones

An Arctic economy in limbo

Beset by political and economic setbacks, one of the world's biggest pipeline projects is on hold, and it's unclear if the project will ever break ground.  Full Article 

Green Business