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From the Blogosphere
Saks Leading Edge Disclosure
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Saks (SKS) reported difficult results. When discussing their guidance they threw in the ultimate caveat emptor caveat. Read this quote under outlook for second half 2009
“Variation from the sales trends, up or down, could materially impact the other assumptions listed.”
That’s good guy’s. If sales change then its a different story. Real B school stuff coming to the surface.
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Put Saks and Dillard's on your watchlist
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Saks Incorporated (SKS) is trading at two-thirds of its book value and half of EV/revenue. That's pretty damn cheap. Dillard's (DDS) is trading at three-tenths of book value and a quarter of P/S. It's EV/revenueis 0.26. Dillard's also pays a small dividend. Obviously, this is a play on the recovery of the consumer.
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Getting in on a Bottom as Saks Reports June Sales
Here is the release from Saks: FOR IMMEDIATE RELEASE
www.saksincorporated.com
New York, New York (July 9, 2009)—Retailer Saks Incorporated (NYSE: SKS) (the “Company”) today announced that owned sales totaled $230.2 million for the five weeks ended July 4, 2009 compared to $239.3 million for the five weeks ended July 5, 2008, a 3.8% decrease. Comparable store sales decreased 4.4% for the month.
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Saks Reports June Sales
Saks Reports June Sales
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Here is the release from Saks:
<>FOR IMMEDIATE RELEASE
www.saksincorporated.com
New York, New York (July 9, 2009)—Retailer Saks Incorporated (NYSE: SKS) (the “Company”) today announced that owned sales totaled $230.2 million for the five weeks ended July 4, 2009 compared to $239.3 million for the five weeks ended July 5, 2008, a 3.8% decrease. Comparable store sales decreased 4.4% for the month.
On a quarter-to-date basis, for the two months ended July 4, 2009, owned sales totaled $396.2 million compared to $463.2 million for the two months ended July 5, 2008, a 14.5%...
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Retail Sales
- Analysis by seekingalpha.com - daniel Harrison
Did anyone bother to look at the itemized April retail sales data yesterday morning before they went ...
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Sell the retailers
- Ok, here is a dumb question. Who think the retailers will have improved numbers? Not me. I am selling them all.
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SELL THIS RALLY
- Sell this rally if you know what is good for you. The reasons are simple and relatively straight forward. Firstly, nothing has changed if anything th...
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More Resources
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About Saks Inc.
- Answers.com
