Department store div. drives Saks Inc. growth.(Brief Article)

Home Textiles Today, April, 2001

NEW YORK -- At the Banc of America's Consumer Conference last week, Saks Inc. spoke individually about its Saks Department Store Group and Saks Fifth Avenue. The department store group, which contains 243 regional traditional department stores in 23 states, is "a bigger piece from a revenue standpoint," said Brad Martin, chairman and ceo.

The company has reworked several merchandising areas, he said. "We're repositioning our business on more items and less on collections. We've edited vendors and added vendors." The group is also focusing more on non-apparel business. Saks Department Stores' proprietary brands have also done well, he said, which includes livingQUARTERS, its home brand. Starting from zero in 1997, the private labels brought in...

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