Saks Inc. fell deeper into the red in the second quarter, hurt mostly by the sluggish economy, aspirational customers retrenching and an overall tepid response to ready-to-wear.
Net losses rose to $31.7 million, or 23 cents a diluted share, for the quarter ended Aug. 2, compared with a loss of $24.6 million, or 17 cents a share, in the year-ago period. Revenues dipped 3.6 percent to $669.2 million from $694.1 million, while same-store sales were down 4 percent.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)