Saks&#39; Loss Widens Despite Higher Sales
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Department store operator Saks Inc.&#39;s second-quarter loss widened despite higher sales, as its latest quarter was hurt by a charge while the year-ago period benefited from a one-time gain.
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The retailer's earnings improve a lot despite soft sales.
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Saks Inc. SKS.N plans to open its   first Saks Fifth Avenue store in Mexico next September and may   open more stores in the country to add profit as the luxury   retailer works to improve its U.S. operations.
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Concern over falling profit margins at Samsung Electronics Co. Ltd. grew on Thursday as the company said it was spending more on handset marketing and a top broker issued a ``sell&#39;&#39; rating on its stock for the first time in years.
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Revlon Inc.&#39;s third-quarter loss widened amid a 7 percent drop in sales as the cosmetics giant completed an ambitious refinancing effort.
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International auctioneers Sotheby's Holdings Inc.  on Tuesday said its third-quarter loss narrowed slightly on higher sales.
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WASHINGTON -- XM Satellite Radio Holdings Inc. said Thursday its third-quarter loss widened as sales through retail channels slowed ahead of its planned acquisition by smaller rival Sirius Satellite Radio Inc.
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Saks Inc., the retailer that owns Saks Fifth Avenue and other department stores, blamed hurricanes and a string of planned store closings Tuesday for a third-quarter loss of &#36;24.8 million, surprising Wall Street which anticipated a profit.
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MOUNTAIN VIEW, Calif. --Intuit Inc.&#39;s loss widened for the fourth quarter ended July 31, hurt by slower seasonal sales of the company&#39;s tax and finance software and an impairment charge from its decision to sell one of its businesses, the company said ...
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The company continues to hemorrhage cash despite increasing sales.
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Circuit City Stores Inc. CC.N on  Friday reported a narrower quarterly loss from continuing  operations as sales of higher-margin warranties and improved  distribution helped offset weak merchandise sales.
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Defensive stocks were in demand on Monday as the FTSE 100 sustained further losses.
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Saks says shutting down weaker stores will allow the company to focus on its more &quot;productive&quot; locations and further strengthen its brand.
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Borders Group Inc , the second-largest U.S. book retailer, said on Tuesday its quarterly loss widened due to charges although sales rose on record demand for "Harry Potter and the Deathly Hallows."
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Jewelry retailer Zale Corp. ZLC.N  said Tuesday its quarterly loss widened as its business took a  hit in the autumn from the string of hurricanes that battered  the U.S. Southeast and Puerto Rico.
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Saks Inc. stated Friday that it will close 11 stores in seven states, affecting 700 workers. The chain, with headquarters in Birmingham and almost 390 stores nationwide
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KB Home posted a wider-than- expected quarterly loss on Thursday on write-downs for land values and 28 percent fewer homes sold, as a swelling supply of new and existing homes and tighter mortgages kept buyers sidelined.