Friday, December 09, 2005

Saks to Slim Down

chainstoreage.com

Birmingham - Saks CEO Brad Martin announced yesterday in the annual shareholders’ meeting that a plan that includes downsizing and possible consolidation of Saks operations will be revealed within the next three months.

Martin said the company will focus its attention on inventory and cost reductions next year, which includes slimming the operations to fit the needs of a smaller company.

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