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.
Mission Viejo, Calif.
Microsoft is planning to open "dozens" of retail stores, beyond the four that currently exist, the company's COO said recently.
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