Saks, Inc. (NYSE:SKS)

Luxury retail as the world slips back into recession? I don't think so.

hourglass... shriking middle class

No growth in market share,margin, and sales. Only growth in last 5 years was with the Off-Fifth stores. Saks is not going to come out of this intact. The Management are accountants, not creative merchants. They haven`t had a new idea since off-fifth.

Above average earners are back out shopping, look for this company to grow.

BLACK FRIDAY SEES TIS GOING

ONLY

UP

a good high end luxury store

consumer back in the market soon

Over-priced fashion is about to go out of style. Frugal chic is going to be in.

Saks has already made doubled since i bought it a few weeks ago. Unfortunately I did not buy enough. I think it will steadily head toward the $13 range in another 14 months due to loyal customers and holders of large shares.

Rolling the dice here, would never touch this in RL.

Kudos to the Barron's article bringing this to my attention. It is trading at half book-value, because the real estate the stores occupy is more valuable than the business itself. One of those cases where it is worth more dead than alive. Expect, short term, a 50-50 chance of bankruptcy filing; this will be a good thing, as common stock holders will see a big profit over purchase price. Yeah, a case where the vultures will make out nicely.

The number of folks who can afford to shop at Saks can't be increasing of late...too rich for most folks and I am not a fan of this company or this stock.

Goodwill is in.... Saks is out !

No credit, no luxury...

Overall the people who shop at SKS are higher end shoppers.

This will be a bad Christmas shopping season for Saks. Last year it made most of its sales with heavy purchases by European tourists taking advantage of the favorable exchange rates because fewer American aspirational shoppers had the cash to really shop there. This year I see considerably fewer tourists. Their usual customers only come out in force when there's a sale. Further, their choice of fashions in the windows has taken a far more conservative bent. It is very '60's with little embellishment, nothing from any couture lines, and not a Christian Loubutin in sight. That's not a good sign for a store with a shoe department so big that it has its own zip code. (Literally.) This may seem frivolous, but luxury retailers only bank on conservative clothing when they realize their customers have to work harder to rationalize their purchases and that they will likely have lower sales. My suspicions were confirmed when I read that Saks is cutting its sales projections for the coming quarter.

While I don't see Saks heading for Chapter 11 anytime soon, I don't think this will be a typical season for them.

Very good and conservative management.

The Christmas retail season ahead is going to be an unmitigated disaster, with or without the bailout. There will be bankruptcies and store closings. Look for this stock to be selling at $5 by next March

Not all department stores are headed for the land of the dinosaurs. The luxury segment, of which Saks owns a comfortable part of, should outperform the rest of the industry as luxury shoppers refuse to dumb down their fashion.