Saks Incorporated reports increase in comparable store sales for June

Jul 11, 2008 (M2 EQUITYBITES via COMTEX) -- SKS | Quote | Chart | News | PowerRating -- Retailing company Saks Incorporated (NYSE: SKS | Quote | Chart | News | PowerRating) announced on Thursday (10 July) sales for the five week period ended 5 July 2008.

Total owned sales for June were USD243.8m as compared with USD237.6m in the corresponding period of the prior year, representing a 2.6% increase.

For the quarter-to-date period owned sales totalled USD470.9m, as compared with USD486.5m for the corresponding period of the prior year.

For the year-to-date period basis owned sales totalled USD1,325.6m, up by 4.2% as compared with USD1,272.1m for the corresponding year-to-date period of the prior year.

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