Saks Inc. (NYSE:SKS) announced sales rose 3.4% year-over-year 7.9 million for the five weeks ended July 3, 2010, up from 0.2 million in the year-ago period. Comparable store sales increased 2.5% for the month, better than the 2% that analysts had expected. The strongest categories at Saks Fifth Avenue stores included women's sportswear, dresses, handbags, cosmetics, and fashion jewelry. Saks said that it reduced its year-over-year promotional activity in June. The company operates department stores in the United States. The stores offer a wide variety of branded and private label merchandise including luxury apparel, shoes, accessories, cosmetics, and decorative home furnishings.
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