By and and  on May 21, 2013

Shares of Saks Inc. jumped 18.1 percent in after-hours trading Tuesday on speculation that it had hired a banker to explore strategic alternatives, including a possible sale of the company.

The retailer’s shares already had climbed 11.3 percent to close at $13.67 Tuesday after Saks, which also posted first-quarter results, said it is speeding up the launch of its outlet e-commerce site. They rose to $16.18 in after-market trading on the banker rumors.

To Read the Full Article

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus