By and and and  on May 23, 2013

This is Saks Inc.’s moment in the spotlight — and a reworking of the luxury sector just might be in the offing.

Word that Saks had hired Goldman Sachs to explore a potential sale drove its stock up another 13.4 percent to $15.50 Wednesday. Traders rushed in to get a piece of the action, and more than 23 million shares changed hands, about 10 times the daily average.

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