WWD.com/business-news/financial/saks-loss-exceeds-consensus-2031596
financial
financial

February 25, 2009

Battling the Downturn: Saks Posts $99M Loss

financial/news

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...