Saks Inc. Sets Growth Initiatives

The retailer on Tuesday posted a second-quarter net loss of $12.3 million, but the loss was smaller and the sales gain larger than expectations.

By David Moin

financial/news

NEW YORK — Saks Inc. on Tuesday posted a second-quarter net loss of $12.3 million, or 8 cents a share, but the loss was smaller and the sales gain larger than expectations.

Saks Inc. Sets Growth Initiatives

The retailer on Tuesday posted a second-quarter net loss of $12.3 million, but the loss was smaller and the sales gain larger than expectations.

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