GO
Loading...

Enter multiple symbols separated by commas

Luxury Retailer Saks Sees Strong Spring Season

A Saks Fifth Avenue store in Beverly Hills, California.
AP
A Saks Fifth Avenue store in Beverly Hills, California.

Upscale U.S. retailer Saks is bullish for spring sales and sees low double-digit like-for-like growth thanks to brisk business in high-end goods, Chief Executive Stephen Sadove said on Thursday.

"We feel there's good momentum at Saks, we're optimistic for the spring season," Sadove told Reuters at Barcelona's world retail congress.

Saks, operator of Saks Fifth Avenue Stores, sees mid to high single-digit like-for-like sales in the fall season and good sales momentum going forward, said Sadove.

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

  • Piper Hoppe, 10, from Minnetonka, Minnesota, holds a sign at the doorway of River Bluff Dental in Bloomington, Minnesota, on July 29, 2015, during a protest against Cecil's killing.

    The U.S. Fish and Wildlife Service has been trying to find the man who shot a lion in Zimbabwe, but he is not responding.

  • Donald Trump

    From one real estate mogul about another: Don't underestimate Republican presidential candidate Donald Trump.

  • Rifle sight

    Hackers were able to exploit a sniper rifle's vulnerabilities and change the gun's target, according to Wired.

U.S. Video