The pullback in luxury spending, unprecedented markdowns and a sharp slowdown at its iconic New York flagship took a severe toll on Saks Fifth Avenue.
Characterizing the current...
financial
financial
February 25, 2009
Battling the Downturn: Saks Posts $99M Loss
Amid the pullback in luxury spending and markdowns, luxury retailer Saks Fifth Avenue's fourth-quarter deficit reached $98.8 million.
financial/news
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