What Saks' Strategy Teaches Us About Best Buy
By: 
From: James Cramer
Sent: Tuesday, December 13, 2011 5:20 AM
To: Nicole Urken
Subject: sks
How many SKT outlet malls is SKS in? How many SPG outlet malls is SKS Off Fifth in?
From: Nicole Urken
Sent: Tuesday, December 13, 2011 6:31 AM
To: James Cramer
Subject: Re: sks
Looks like 5 Tanger locations and about 33 Simon Properties locations (for Off Fifth). The outlet (and direct--ie internet) really is their answer to growth. Question is if downsizing the core stores while growing outlet/internet will be enough
From: James Cramer
Sent: Tuesday, December 13, 2011 6:35 AM
To: Nicole Urken
Subject: RE: sks
It is very strange how little growth there is with this company
From: Nicole Urken
Sent: Tuesday, December 13, 2011 6:36 AM
To: James Cramer
Subject: Re: sks
Interesting also that while clearly not levered to Europe, it is highly correlated to the stock market (which trades on European worries these days), Wall St/New York market (vulnerable to layoffs, etc) and tourism from europeans (they estimate about 25 percent of NY store is from tourism—some of this is from abroad)
From: James Cramer
Sent: Tuesday, December 13, 2011 6:37 AM
To: Nicole Urken
Subject: RE: sks
