Saks Cuts Outlook in Wake of Sandy

Amid a retail climate getting increasingly precarious and discount driven, the department store has lowered its sales forecast for the fourth quarter.

By David Moin

financial/news

Saks Inc., amid a retail climate getting increasingly precarious and discount driven, has lowered its sales forecast for the fourth quarter, citing the impact of Hurricane Sandy.

Saks did...

Saks Cuts Outlook in Wake of Sandy

Amid a retail climate getting increasingly precarious and discount driven, the department store has lowered its sales forecast for the fourth quarter.

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