Saks posts bigger-than-expected 3Q loss (AP)

[riky]

Saks posts bigger-than-expected 3Q loss
    (AP)

 

AP - Luxury retailer Saks Inc. reported a wider-than-expected loss for the third quarter on Tuesday, as its affluent customers slashed their spending amid massive job losses on Wall Street and shrinking stock portfolios linked to the financial meltdown.


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