Mission Viejo, Calif.

Saks said Tuesday that it narrowed its loss for the quarter ended July 31 to $32.2 million, compared with a loss of $54.5 million a year earlier. Revenue rose 5% to $593.1 million, beating analysts’ expectations of� revenue of $585.2 million.The department store retailer cited fading promotions for the narrowed loss, as it was able to sell more products at full-price.Saks also announced Tuesday that it plans to close its Saks Fifth Avenue store in Plano, Texas, next week and one in Mission Viejo, Calif., in October.

More Blogs