NEW YORK — Saks Inc.’s luxury business outpaced its department stores unit in the first quarter, though both businesses saw across-the-board declines on the top and bottom lines.

As the divisions went, so did the corporation, which, excluding special items, saw net income fall 42.5 percent to $12.6 million, or 9 cents a share, from $21.9 million, or 15 cents, a year ago.

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