Women’s Wear Daily
04.18.2014
financial
financial

Reading the Tea Leaves: As Saks Inc. Nears Deal, SFA Speculation Swirls

As its parent, Saks Inc., inches closer to shedding its northern department store group and Club Libby Lu division, speculation continues to swirl over the...

financial/news
View Slideshow
Saks is also said to be weighing bids for its Club Libby Lu preteen business. Los Angeles-based Forever 21, the girls' specialty retailer, was in talks with Saks for the chain, but has since elected to drop out of the process, according to a financial source.

Lawrence Meyer, senior vice president at Forever 21, declined comment. A spokeswoman for Saks Inc. declined comment.

Forever 21 was considered by several financial bankers as an ideal candidate to buy the girls' chain because it would fit snugly into its business. Earlier this year, Forever 21 purchased the Gadzooks chain.

Other names that have been mentioned as possible buyers of Club Libby Lu are Too Inc., Claire's and Build-A-Bear.

Saks Inc. at a Glance

Nameplates (Number of Stores):
  • Saks Fifth Avenue (56)
  • Parisian (41)
  • Younkers (47)
  • Carson Pirie Scott (30)
  • Herberger's (41)
  • Bergners (14)
  • Boston Stores (10)
  • Off 5th (50)
  • Club Libby Lu (51)


Key Executives:
  • R. Brad Martin: chairman, chief executive officer
  • Stephen I. Sadove: vice chairman, chief operating officer
  • James A. Coggin: president, chief administrative officer
  • Douglas E. Coltharp: executive vice president, chief financial officer
  • Kevin Wills: executive vice president of finance,chief accounting officer
  • George L. Jones: president, ceo of Saks Department Store Group, but resigning Sept. 30
  • Frederick W. Wilson: chairman, ceo of Saks Fifth Avenue Enterprises


Saks Inc. Key Profit Ratios
2002
2003
2004
Gross margin
36.74
37.86
37.93
Operating margin
3.94
3.80
3.02
Pretax margin
1.86
1.81
1.31
Source: Company reports. Calculations by Edgar Online Editor's note: These are three text breakout boxes for the Saks story.
View Slideshow
Page:  « Previous
VIEW ARTICLE IN ONE PAGE
load comments

ADD A COMMENT

Sign in using your Facebook or Twitter account, or simply type your comment below as a guest by entering your email and name. Your email address will not be shared. Please note that WWD reserves the right to remove profane, distasteful or otherwise inappropriate language.

Ads by Google

Newsletters
Newsletters

Sign upSign up for WWD and FN newsletters to receive daily headlines, breaking news alerts and weekly industry wrap-ups.

Publications

getIsArchiveOnly=false hasAccess=false hasArchiveAccess=false
VIEW ALL PUBLICATIONS
WWD Papers 04/18/2014

getIsArchiveOnly=false hasAccess=false hasArchiveAccess=false
VIEW ALL PUBLICATIONS
WWD Papers 04/17/2014

getIsArchiveOnly=false hasAccess=false hasArchiveAccess=false
VIEW ALL PUBLICATIONS
WWDStyle & Men'sWeek 04/17/2014

getIsArchiveOnly=false hasAccess=false hasArchiveAccess=false
VIEW ALL PUBLICATIONS
WWD Papers 04/16/2014

getIsArchiveOnly=false hasAccess=false hasArchiveAccess=false
VIEW ALL PUBLICATIONS
WWD Papers 04/15/2014

ArticleFinder

Beauty


Choose By

Clear

How it works

Close

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.

Lorem Ipsum
Dolor sit amet, consectetur adipiscing elit. Vivamus ac nibh et risus lobortis scelerisque tempor nec enim. Etiam facilisis sapien sit amet.


Or