(SKS) Community Analysis from
Bulls REASONS TO BUY
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100%
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3 votes
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Brand Name and Strong Management |
Bears REASONS TO SELL
May 25, 2013
(Value Investing,
8/14/12)
Saks Inc (NYSE:SKS) reported an increase in losses for the second quarter to $12.3 million, or 8 cents per share, for the three-month period ending on July 28, against a loss of $8.37...(read more)
(ValueWalk.com,
2/24/12)
Saks Inc (NYSE:SKS) CEO, Steve Sadove told CNBC that luxury shoppers appear to be back and in full force. Saks reported a high quarterly profit mostly due to a 20% increase in online sales. Sadove went on to...(read more)
(Jutia Group,
1/25/12)
The stock market is making things awfully uncomfortable for short sellers. The S&P 500 rose 11% in the fourth quarter of 2011, and is up another 5% this month. That mini-rally has pushed up a...(read more)
Saks (SKS) Company Overview
Saks Incorporated (NYSE:SKS) sells luxury apparel, shoes, jewelry and accessories in the U.S. through its Saks Fifth Avenue (SFA), Saks Fifth Avenue Off Fifth and Club Libby Lu (CLL) stores. In fiscal 2010, SKS posted net sales of $2.786 billion and net income of $47.85 million.[1]
Saks—and most other luxury goods retailers—are relatively shielded from trends such as rising oil prices because it targets a lower-income demographic; however, luxury consumption exaggerates more fundamental up and down swings, typically rising and declining at a faster rate than the overall economy. Due to healthier U.S. economic conditions, Saks made profits in fiscal 2010, compared to losses suffered in 2008 and 2009.[1]
(Read more at Wikinvest
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