Saks Sales Drop 25.1% in November

Saks Incorporated announced Thursday that owned sales declined 25.1 percent.  Sales totaled $245.1 million in November, compared to $327.3 million in 2008. Comparable store sales decreased 26.1 percent for the month.

Year-to-date basis, owned sales totaled $2,039.4 million compared to $2,502.6 million in 2008, an 18.5 percent decrease. Comparable store sales decreased 19.5 percent for the ten-month period.