Fox News: Saks to Cut 1,100 Jobs, Reduce Costs

[riky]

Saks to Cut 1,100 Jobs, Reduce Costs
     

Luxury retailer Saks Inc. (SKS) said Thursday that is eliminating 1,100 jobs and taking other steps to cut costs by about $50 million to $60 million in 2009 as the retail environment continues to deteriorate.
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