New York—Despite sales at some of its Saks Fifth Avenue and Off Fifth stores being negatively affected by Superstorm Sandy, Saks Inc. today reported a net fourth quarter profit that beat analysts’ expectations. While the luxury retailer had previously warned it expected flat comparable store sales and gross margin for the quarter due in part [...]
New York—Despite sales at some of its Saks Fifth Avenue and Off Fifth stores being negatively affected by Superstorm Sandy, Saks Inc. today reported a net fourth quarter profit that beat analysts’ expectations. While the luxury retailer had previously warned it expected flat comparable store sales and gross margin for the quarter due in part [...]
