Saks News & Latest Saks Headlines

Retailers Report Solid Finale to Holidays

11:30AM 1/05/2012

JC Penney, Macy's, Nordstrom, Wal-Mart Stores, Target Corp, Costco, Saks, Retail

Many retailers are reporting solid sales gains for December, capping a decent holiday season, but shoppers bent on discounts exacted a high price.

Retailers Report Strong Sales for November

8:33AM 12/01/2011

By The Associated Press

JC Penney, Macy's, Wal-Mart Stores, Target Corp, Costco, Saks, Retail

Retailers are reporting strong sales gains in November, boosted by a discount-fueled spending binge for the start of the holiday shopping season last weekend. Now, the challenge is to keep shoppers spending throughout the most important selling period of the year.

July Retail Sales Hint at Solid Back-to-School Season

3:00PM 8/04/2011

By Barbara Thau

Economy, JC Penney, Nordstrom, Costco, Saks, Retail

July retail sales were solid, with Costco, Macy's, JC Penney, Nordstron and Saks Fifth Avenue all beating expectations. Craig Johnson, president of Customer Growth Partners, the retail consultancy, says we could be having the best back-to-school selling season since 2006.

Retail Watchers Predict a Better Back-to-School Sales Season

8:01AM 7/08/2011

By Barbara Thau

Economy, Macy's, Nordstrom, Apple, Wal-Mart Stores, Costco, Saks, Retail, American Eagle Outfitters

Firecracker remnants may still dot the nation's sidewalks, but retail forecasters are already talking about back-to-school shopping season -- and they're happy to do so. The improved economic environment is setting the stage for sales gains in everything from tablet computers to bold-colored jeans.

How to Get the Most Out of Memorial Day Shopping

1:30PM 5/26/2011

By Regina Lewis

Macy's, Polo Ralph Lauren, Sears Holdings, Wal-Mart Stores, Saks, Retail

On Memorial Day weekend, retailers pull out all the stops to move fresh merchandise, and if you play your cards right, you can get some great deals. But even though it's the semi-official start of summer, you'll want to do your homework first. (Don't worry, you can cheat off of DailyFinance's personal finance columnist, Regina Lewis.)

Shoppers Hit the Malls in March Despite Higher Gas Prices

8:53AM 4/07/2011

By The Associated Press

Economy, JC Penney, Macy's, Chico's FAS Inc., Wal-Mart Stores, Tiffany & Co, Target Corp, Saks, Lowe's Companies Inc, J Crew, Retail

Shoppers shrugged off higher gas prices and cool temperatures to give retailers a surprisingly strong March. "There is still a significant amount of pent-up demand,"said Ken Perkins, president of RetailMetrics LLC, a research firm. "I think the job recovery is catching on."

A Valentine's Day Surprise for February Retail Sales

12:20PM 3/03/2011

By Mercedes Cardona

Company News, Economy, Investing, JC Penney, Macy's, Nordstrom, Target Corp, Saks, Retail, Stocks in the News

Retailers got some unexpected love from shoppers in the form of strong February sales. But whether consumers repeat the feat in spring could depend on gasoline prices and how they feel about their finances. So, March could be tough.

Retail Sales: November Stole the Show from December

4:35PM 1/14/2011

By Mercedes Cardona

Economy, Nordstrom, Wal-Mart Stores, Tiffany & Co, Target Corp, Saks, Retail

U.S. shoppers piled up the presents under their Christmas trees, but retailers were still a bit disappointed. The Commerce Department's official tally shows what many suspected: Consumers did most of their holiday buying early this year.

Carlos Slim Buys Stake in BlackRock

7:39AM 11/23/2010

By Hugh Collins

Company News, Technology, People, Investing, Media, Saks, New York Times Co, Retail, Stocks in the News

Carlos Slim, the world's richest man, bought a stake in BlackRock Inc. (BLK), the world's largest asset manager. Mexican billionaire Slim bought a stake worth less than 2% of the asset manager, Bloomberg News reported. Slim spokesman Arturo Elias did not give details on the exact size of the...

Retailers Warn Cost Cuts, Shrinking Inventories Are Coming Back

3:05PM 11/19/2010

By Mercedes Cardona

Company News, Economy, Earnings, Target Corp, Saks, Retail

As retailers wrapped up their earnings reports this week, most said they're back in cost-control mode and will tighten inventories after the holidays. Shoppers are still spending cautiously and costs are on the rise, so profits will have to be squeezed out of slowly rising sales.