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Saks, Incorporated (SKS)

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Stephen I. Sadove , CEO/Director/Chairman of the Board

www.saksincorporated.com

Industry: Retail

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Overview

News

People

Financials

Overview

The Company is a fashion retail organization offering assortment of luxury fashion apparel, shoes, accessories, jewelry, cosmetics and gifts.

Portfolio Articles

Penney Wise?
In a gamble, J.C. Penney introduces upscale clothes for women. Will it be hammered by the recession, or catch a whole new kind of shopper looking for value?
Oct 14 2008
If the Suit Fits...
Barneys is looking for a new C.E.O. Why it should be easy, but is so hard.
Jun 12 2008
Banking on Thanks
More and more, retailers are showing their appreciation for customers in an effort to keep them spending.

Mar 13 2008
In Fashion
Portfolio.com's coverage of New York's fall 2008 runway shows.

Feb 06 2008
Job of the Week: Fashion Director
From Paris to Milan, Saks Fifth Avenue Fashion Director Michael Fink has a front row seat to fashion.
Feb 04 2008

See more news on this company

News Feeds

Sector Snap: Broadline stores AP
Jan 02 2009
Ahead of the Bell: December Consumer Confidence AP
Dec 30 2008
Wealthy tighten their belts, look for bargains AP
Dec 22 2008
Affluent cut spending, which is bad news for all AP
Dec 22 2008
Department stores hold gains after Fed cut AP
Dec 16 2008

Portfolio Blogs

Slim Pickings? Or Great Timing?
Nov 26 2008
Morning Hemlines: Saks, Woolworths, Project Runay, Consumer Prices
Nov 19 2008
Morning Hemlines: Wintour, Saks, Burberry, Steve & Barry's, Carrefour, Claiborne, Wang
Nov 18 2008

Bargain Hunting at Saks Fifth Avenue
Oct 13 2008
The Runway Race for Retail
Sep 05 2008

Press Releases

Saks Incorporated Announces December Comparable Store Sales Jan-08-2009, 08:30AM EST
Beacon Equity Issues Technical Trade Alerts on Retail Stocks: JCP, M, KSS, TJX, SKS, SHLD Dec-30-2008, 09:20AM EST
Saks Incorporated Announces November Comparable Store Sales Dec-04-2008, 08:30AM EST
Saks Incorporated Declares Distribution of Preferred Share Purchase Rights Nov-26-2008, 09:00AM EST
Zacks Analyst Blog Highlights: Tesoro Corp., Saks Inc., Celanese, Palm, Inc. and Research in Motion Ltd. Nov-21-2008, 06:00AM EST

News From Around the Web

News

Department store chain sales results for December (MSN Money)

Jan 08 2009
2ND UPDATE: US Same-Store Sales Decline Not As Bad As Expected (Morningstar)

Jan 08 2009
Saks Dec. Same-Store Sales Down 19.8% - Update (RTTNews)

Jan 08 2009
WSJ: A Quest for the Perfect White Shirt (Wall Street Journal)

Jan 08 2009
Saks (MarketWatch)

Jan 08 2009
STYLE SCOOP (Las Vegas Review-Journal)

Jan 08 2009
Fashion Calendar (Palm Beach Post)

Jan 08 2009
Consumers of the World Unite (New York Times)

Jan 07 2009
Short Stories: Four Retail Stocks (SeekingAlpha)

Jan 07 2009
Style News (cleveland.com)

Jan 07 2009

Blogs

Moving on up (Blogging.la)

Jan 08 2009
Dismal December Retail Sales; Wal-Mart Slashes Forecast (Mish's Global Economic Trend Analysis)

Jan 08 2009
Practically Giving It Away: According to a reader, the discounts... (Racked)

Jan 08 2009
Five, Six, a Dozen? Just How Small Can a Jury Be? (WSJ.com: Law Blog)

Jan 06 2009
Chanel Cans 200: You know things are bad when... (Racked)

Jan 05 2009

Employees

Number of Employees: 12,859

Revenue per Employee: $262,818

Financials

Quarterly

Annual

Income Statement	08/2008	05/2008	03/2008	11/2007
Sales	468.32 Mil.	565.71 Mil.	659.97 Mil.	462 Mil.
Gross Operating Profit	180.28 Mil.	273.59 Mil.	315.08 Mil.	313.92 Mil.
Operating Income before D & A (EBITDA)	-42.76 Mil.	68.55 Mil.	77.69 Mil.	79.42 Mil.
Total Income Before Interest Expenses (EBIT)	-43.54 Mil.	41.2 Mil.	95.69 Mil.	47.79 Mil.
Total Net Income	-31.71 Mil.	18.28 Mil.	39.47 Mil.	21.59 Mil.
Basic EPS, Total	-0.23	0.13	0.28	0.15
Diluted EPS, Total	-0.23	0.13	0.26	0.14

BALANCE STATEMENT	08/2008	05/2008	03/2008	11/2007
Cash and Equivalents	60.02 Mil.	124.52 Mil.	101.16 Mil.	63.46 Mil.
Total Assets	1.02 Bil.	1.15 Bil.	1.13 Bil.	1.17 Bil.
Total Liabilities	482.28 Mil.	550.09 Mil.	781.04 Mil.	805.56 Mil.
Total Capitalization	1.62 Bil.	1.67 Bil.	1.43 Bil.	1.47 Bil.

Cash Flow	08/2008	05/2008	03/2008	11/2007
Net Cash From Continuing Operations	NA	NA	NA	-35.25 Mil.
Net Cash From Investing Activities	NA	NA	NA	-94.37 Mil.
Net Cash From Financing Activities	NA	NA	NA	-84.8 Mil.
Net Change in Cash & Cash Equivalents	NA	NA	NA	-214.42 Mil.

Income Statement	2008	2007	2006	2005
Sales	2.13 Bil.	1.8 Bil.	3.74 Bil.	4 Bil.
Gross Operating Profit	1.06 Bil.	1.06 Bil.	2.05 Bil.	2.28 Bil.
Operating Income before D & A (EBITDA)	102.84 Mil.	120.56 Mil.	306.84 Mil.	455.12 Mil.
Total Income Before Interest Expenses (EBIT)	117.29 Mil.	8.01 Mil.	180.42 Mil.	198.27 Mil.
Total Net Income	47.47 Mil.	53.74 Mil.	22.35 Mil.	61.08 Mil.
Basic EPS, Total	0.34	0.4	0.16	0.44
Diluted EPS, Total	0.31	0.4	0.16	0.42

BALANCE STATEMENT	2008	2007	2006	2005
Cash and Equivalents	101.16 Mil.	277.88 Mil.	77.31 Mil.	257.1 Mil.
Total Assets	1.13 Bil.	1.25 Bil.	1.64 Bil.	2.08 Bil.
Total Liabilities	781.04 Mil.	862.78 Mil.	845.05 Mil.	940.02 Mil.
Total Capitalization	1.43 Bil.	1.55 Bil.	2.72 Bil.	3.43 Bil.

Cash Flow	2008	2007	2006	2005
Net Cash From Continuing Operations	NA	212.1 Mil.	188.07 Mil.	358.82 Mil.
Net Cash From Investing Activities	NA	1.18 Bil.	397.71 Mil.	-176.47 Mil.
Net Cash From Financing Activities	NA	-1.04 Bil.	-762.49 Mil.	-291.12 Mil.
Net Change in Cash & Cash Equivalents	NA	197.48 Mil.	-176.7 Mil.	-108.77 Mil.