Saks Posts Smaller-than-Expected $55 Million Q2 Loss on Lower Revenue (SKS)
Posted on August 18, 2009 at 10:49 AM EDT
Luxury fashion retailers Saks Incorporated (SKS) said Tuesday that it lost nearly $55 million in the second quarter, hurt by the recession, but the loss was still smaller than analysts expected. The New York-based company reported a second quarter net loss $54.5 million, or 39 cents per share, compared with a loss of $32.7 million, or [...]
