By  on November 16, 2010

NEW YORK — Saks Inc., boosted by affluent consumers spending more amid Wall Street gains, posted a strong third quarter and sees the trend continuing in the fourth quarter.

“I don’t think people are euphoric, but luxury has substantially improved, coming off a lower base,” Saks chairman and chief executive officer Stephen I. Sadove told WWD on Tuesday. “We are seeing more full-price selling. There have been less promotions. People are feeling OK. It’s a much more stable environment.”

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