Difficult Spring Ahead: Saks Plans Cutbacks

Difficult Spring Ahead: Saks Plans Cutbacks

by David Moin with contributions from Arnold J. Karr

Posted Tuesday November 18, 2008

Last Edited Wednesday November 19, 2008

From WWD Issue 11/19/2008

Saks Inc., citing “widespread weakness” in women’s apparel and the precipitous decline in shopping by the affluent, reported a net loss of $42.8 million for the third quarter ended Nov....
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