Highlights
A collection of news and information related to Saks Incorporated published by Tribune Company sources.
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Sears' Web site grinds to a Black Friday halt again this year; Amazon shoppers see slowdowns
SEATTLE (AP) _ Sears.com was inaccessible to U.S. shoppers for two hours on Friday in what was the most notable Web hiccup of the holiday gift-buying season's official start. Other sites, including Amazon.com Inc., experienced minor slowdowns,...Tags: Kohl's Corporation, Macy's, Internet, Keynote Systems Incorporated, Wal-Mart Stores Inc.
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The week ahead
Chicago TribuneMonday: --October existing-home sales --Earnings: Analog Devices Inc.; Campbell Soup Co.; Donaldson Co.; Hewlett-Packard Co. Tuesday: --Third-quarter gross domestic product --November consumer confidence --September Case-Shiller home price index --...Tags: Gap Inc., Earnings, HJ Heinz Company, BJ's Wholesale Club Incorporated, Medtronic Incorporated
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The New Frugality: Americans Return To Thriftiness
Associated PressFrugality is making a comeback. Fearful that economic conditions could get worse and stay that way, Americans are showing an enthusiasm for thriftiness not seen in decades. This behavioral shift is not simply about spending less. The New Frugality...Tags: Red Lobster, Sales, Utah, Consumers, BJ's Wholesale Club Incorporated
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Americans return to thriftiness as a way of life
The Associated PressFrugality is making a comeback. Fearful that economic conditions could get worse and stay that way, Americans are showing an enthusiasm for thriftiness not seen in decades. This behavioral shift isn't simply about spending less. The New Frugality...Tags: Red Lobster, Sales, Utah, Consumers, BJ's Wholesale Club Incorporated
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Saks 3Q loss is bigger than expected
NEW YORK Luxury retailer Saks Inc. reported a bigger-than-expected loss for the third quarter yesterday as its affluent customers slashed their spending amid job losses on Wall Street and shrinking stock portfolios linked to the financial meltdown. New... -
IN BRIEF
United Airlines, the third-biggest U.S. carrier, has won a federal court order barring its pilots union from supporting a work slowdown that forced cancellation of hundreds of flights. United, a unit of UAL Corp., announced the ruling by U.S. District...Tags: Trips and Vacations, United Air Lines, Sales, Unions, Petroleum Industry
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What to watch today
*Labor Department releases producer price index for October. *Home Depot Inc. reports third-quarter financial results. *Saks Inc. reports third-quarter financial results. Japan slips into recession Recession is back in Japan after a seven-year...Tags: Energy Saving, Heavy Engineering, New York Mercantile Exchange, Industrial Production, Petroleum Industry
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Saks plans to shutter Club Libby Lu
Saks Inc. is shutting down the unprofitable tween-girls chain Club Libby Lu, five years after buying the Chicago-based upstart business and three years after first exploring its potential sale. The chain, purchased in 2003 for $12 million, had 11 stores...Tags: Illinois
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Holiday outlook turns grimmer after stores report weakest October since at least 1969
AP Retail WriterNEW YORK (AP) _ Retailers suffered through the weakest October in at least 39 years, despite frenzied price cutting as they desperately try to pull in consumers who are too worried about their finances to shop. The sales tallies from major retailers on...Tags: Easter, Sales, Costco Wholesale Corporation, Real Estate Sales, Layoffs and Downsizing
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Retailers post worst October sales figures since at least 1971
New signs piled up Thursday that the ailing economy is taking another turn for the worse, with a mounting toll on ordinary Americans.
Retailers reported the worst October sales figures since at least 1971, a grim harbinger for the holiday shopping...Tags: Heads of State, National Government, Wages and Pensions, Bankruptcy, Layoffs and Downsizing
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Scary October for retail
Associated PressRetailers suffered through the weakest October in at least 39 years, despite frenzied price-cutting as they desperately try to pull in consumers who are too worried about their finances to shop. The sales tallies from major retailers yesterday - many...Tags: Easter, Sales, Costco Wholesale Corporation, Real Estate Sales, Layoffs and Downsizing
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Shopping drops during economy's September dive, retailers report
From Chicago Tribune news servicesAmerican consumers went into hiding in September, leaving many retailers with dismal sales and an uncertain future well beyond the holiday season as the fallout from the financial meltdown pushes spending even lower. As retailers reported their monthly...Tags: JC Penney Company Incorporated, Sales, Neiman Marcus Group, Consumers, Wal-Mart Stores Inc.
Nov 28, 2008
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Nov 23, 2008
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Nov 23, 2008
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Nov 24, 2008
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Nov 19, 2008
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Nov 19, 2008
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Nov 18, 2008
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Nov 6, 2008
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Nov 6, 2008
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Nov 7, 2008
|Story| Los Angeles Times
Nov 7, 2008
|Story| Baltimore Sun
Oct 9, 2008
|Story| Chicago Tribune
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