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Tag Archives: saks

Saks center to cut 191 jobs at distribution center in Aberdeen (access required)

Nearly 200 people will lose their jobs after the New Year at a Saks Inc. distribution center in Aberdeen, according to a notice filed Wednesday with the state Department of Labor, Licensing and Regulation.

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Holiday discounts crimp retailers’ profits

NEW YORK — Many retailers delivered solid sales gains for December, but heavy discounts needed to get shoppers to buy exacted a high price, clouding the holiday shopping season. Merchants had to mark down coats and other gifts to get ...

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Upscale retailers are recovering more quickly

Third-quarter earnings reports from Wal-Mart Stores Inc. and Saks Fifth Avenue show the far different streets their customers are living on. Wal-Mart’s third-quarter sales in the U.S. got squeezed as its financially strapped customers dealt with dire economic straits. Saks’ ...

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