Us Sax Department Store Revenue Increased 9.3%
Saks Inc. recently announced that its main revenue increased by 9.3% in September, exceeding analysts' forecasts, mainly in women's shoes, men's clothing and other goods.
The New York department store chain corporation also said that online sales "Sax direct sales" in August also performed well.
Analysts surveyed by Thomson Reuter previously predicted that stores operating at least one year of business rose by 6.5% in the first 5 weeks of October 2nd. Thomson Reuter's survey is a major indicator of the retailer's operating conditions, because its statistics do not include new or near closed stores.
As wealthy people start spending more money, luxury retailers are coming from
The total operating income of newly opened stores increased by 7.3% to $275 million, compared with $256 million 400 thousand a year ago.
So far this year, it has been open for at least one year.
Sax department store has 46 high-end Fifth Avenue Fifth Avenue boutique stores, 60 Off5th retail stores and online stores.
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