Dana Cohen Quotes
Our store visits continue to indicate that most specialty retailers are less promotional than they were this week last year.
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Store | Visits | Continue | Specialty | Retailers |
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The remaining question now, however, is the fate of the Saks Fifth Avenue division. We believed a breakup was the likely outcome for Saks and today's report confirms our expectation. However, current trends do not suggest much upside from current levels. Instead, upside to current valuation hinges on a turnaround at the Saks Fifth Avenue business, which we consider unlikely under current management.
- Dana Cohen
