Saks Incorporated Announces July Comparable Store Sales; 12.8% Increase YoY

Retailer Saks Incorporated SKS today announced that owned sales totaled $191.0 million for the four weeks ended July 30, 2011 compared to $167.9 million for the four weeks ended July 31, 2010, a 13.8% increase. Comparable store sales increased 15.6% for the month. For the second quarter ended July 30, 2011, owned sales totaled $658.1 million compared to $583.3 million for the prior year second quarter ended July 31, 2010, a 12.8% increase. Comparable store sales increased 15.5% for the quarter. On a year-to-date basis, for the six months ended July 30, 2011, owned sales totaled $1,371.8 million compared to $1,240.2 million for the prior year six months ended July 31, 2010, a 10.6% increase. Comparable store sales increased 12.7% for the six months.