Saks Inc.

Shoppers appeared to be more cautious last month in spending for clothing and other items as rising gas and food prices took up a bigger chunk of their disposable income. Major retail chains reported a modest 4.9% gain in sales......

The Commerce Department said retail sales fell last month, a surprising development given that many major retailers have been reporting relatively healthy holiday results. Retail sales in December totaled $353 billion, a 0.3% decline from November, the...

When Macy's Inc. announced last month that it would open a Bloomingdale's outlet concept, many California shoppers were disappointed to learn that none of the initial four stores would be in the state. But in an interview with the Times......

NEW YORK (Reuters) - The S&P 500 declined for a third day on Friday, with the three major stock indexes posting their first negative week since mid-April on lingering concern that the central bank may scale back its stimulus measures to support the...

* Affluent U.S. consumers feel it's safe to spend again * China second to U.S. in 2012 luxury retail growth * Influx of tourists will help as Obama reworks visa wait * Top brands expanding across the United States By Astrid Wendlandt and Phil Wahba...

PARIS/NEW YORK (Reuters) - Most men might balk at spending $600 on a pair of Dior sneakers but for U.S. shoppers like Ephraim, an upbeat 30-year-old, such indulgences are becoming increasingly commonplace. Ephraim is the kind of man who gives luxury...

* Saks rallies on report it is mulling sale * Bernanke seen hitting dovish note in testimony * Futures up: Dow 17 pts, S&P 2 pts, Nasdaq 5 pts NEW YORK, May 22 (Reuters) - U.S. stock index futures edged up in thin trading Wednesday, ahead of highly...

NUEVA YORK, mayo 22 (Reuters) - Los futuros de las acciones estadounidenses subían el miércoles en medio de pocas operaciones antes de un esperado testimonio frente al Congreso del presidente de la Reserva Federal, Ben Bernanke, respecto a la economí...

May 22 (Reuters) - Wall Street securities analysts revised their ratings and price targets on several U.S. companies, including Carnival Corp and Bristol-Myers, on Wednesday. HIGHLIGHTS * Bristol-Myers Squibb : Citigroup raises to buy from neutral *...

NEW YORK, May 21 (Reuters) - Saks Inc : * Jumps 19 percent in extended trading

NEW YORK, May 21 (Reuters) - Shares of Saks Inc climbed higher Tuesday after the New York Post reported that the luxury department store chain hired Goldman Sachs to explore strategic alternatives, including a possible sale, citing a source briefed on...

Saks Inc. reportedly has hired Goldman Sachs to explore strategic alternatives, including a possible sale. The New York Post, citing a source briefed on the matter, said Tuesday that the luxury department store chain, is looking at options including a...