Saks Incorporated Announces 1% Increase in August Comparable Store Sales (SKS)

Retailer Saks Incorporated (NYSE: SKS) today announced that owned sales totaled $159.3 million for the four weeks ended August 28, 2010 compared to $160.7 million for the four weeks ended August 29, 2009, a 0.9% decrease. Comparable store sales increased 1.0% for the month.

On a year-to-date basis, for the seven months ended August 28, 2010, owned sales totaled $1,399.5 million compared to $1,332.3 million for the seven months ended August 29, 2009, a 5.0% increase. Comparable store sales increased 4.9% for the seven months.