Check Out Line: The discretionary downtown

[calm_girl]

Check Out Line: The discretionary downtown
      

Check out the effect of splurge-resistant shoppers on quarterly results.
With newly frugal shoppers sticking to newly shrunk budgets, Saks posted a quarterly loss that was much steeper than Wall Street expected, and said same-store sales in its fourth quarter fell 15.3 percent.
“During the quarter, the company experienced continued weakness across all geographies, merchandise categories, and channels of distribution,” [...]
         

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