Saks Incorporated http://www.alacrastore.com/company-snapshot/Saks_Incorporated-2000585 Sunday, July 06, 2008 12:57:05 AM 2000585 Saks Incorporated en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/newstex/MCOM-0004-25964198newstex/MCOM-0004-25964198xml Jun. ##, #### (M# Communications Ltd. delivered by Newstex) -- Retailing company Saks Incorporated (NYSE: SKS) announced on Thursday (## June) changes in senior management at Saks Fifth Avenue, effective ## June ####.Carolyn Biggs,...040000000401600004007000040070056/13/2008 7:07:35 AM1800000018007000M2 EquityBitesMCOM-0004-25964198SAKS INCCarolyn NULL BiggsSKSNewsNewstexhttp://www.alacrastore.com/storecontent/cs/70594cs/70594norm Consumer/Retail #H May Short Interest Report Short interest shares for the Grocers increased #.#% in #H May, following a ##.#% surge in #H May.  With a shaky economy, rising food inflation and skyrocketing fuel prices pressuring the...6691759Short Interest54Euro Markets Issuers42High Yield6/12/2008 8:12:04 PM150We look to the most recent release of short interest data to gauge developing sentiment in the markets for Retailers, Grocers, and Food & Beverage, and Consumer Products names in our coverage universe.705942810YesD0Article2148442194587515519178370919514912111138131139172314542040907889965092512961424191190102629120818428204519326corphy70594Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/388884_report_framefitch/388884_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Allied Waste Industries, Inc.ALLTEL CorporationBoston Scientific CorporationDaimler Financial Services Americas LLCDigicel LimitedEdison Mission Energy CompanyFlextronics International, Ltd.JetBlue Airways CorporationMediacom Communications CorporationMidwest Generation, LLCMission Energy Holding CompanyOwens-Illinois, Inc.Residential Capital, LLCSaks IncorporatedThe Mosaic Company8008993180091005800911248009150480091567800915918041717980665022809326318138986081389863813898668184077582052547821221398239189982793717857914736/6/2008 6:22:00 PM0100000001010200010102020102000001030000010303000103040001030500010308000103110001031300010315000103170001031702010323000104000001070000275NewsletterAWBSXFLEXJBLUMCCCOISKS388884_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/cs/70322cs/70322norm May Retail Sales: Bargaining for Improvements Aggregate same store sales comparisons, as measured by the Bloomberg Same Store Sales Composite Index, increased #.##% in May after a #.##% gain in April. May retail sales continued to...703223172YesD0Article1714815139190198850918428corphy1742High Yield54Euro Markets Issuers6/6/2008 1:10:22 AM150May retail sales continued to trek the path of mixed results as retailers resort to heavy discounting to clear inventories and spur top-line growth. However, margins will remain challenged as retailers weather through these difficult times.70322Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/fitch/422523_pr_framefitch/422523_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Saks Incorporated800915046/3/2008 2:05:00 PM01030000010303000107000085Press ReleaseSKS422523_pr_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/moodys/PR_155994_600011838moodys/PR_155994_600011838htmlGlobal Credit Research Rating Action ## MAY #### Rating Action: Saks Incorporated Moody's upgrades Saks to B#, outlook stable New York, May ##, #### -- Moody's Investors Service today upgraded the ratings of Saks Inc., including its...5/23/2008 12:47:32 AMhtmlSaks IncorporatedSaks Incorporated600011838150.0000NewsRating ActionPR_155994_600011838Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/cs/69584cs/69584norm Earnings Note: Saks #Q## - With Friends Like These... Saks reported an #.#% increase in total sales to $### million while adjusted EBITDA fell ##.#% to $## million in the quarter, as the company increased its promotion and discounting...695841185YesD0Article17corphy11768Earnings Reports - Industrials/Consumer42High Yield5/21/2008 1:11:03 AM150Saks' early Friends and Family promotion gave a boost to sales, but took a significant bite out of margins, as the luxury retailer joined in the discounting game while trying to clear out inventories.69584Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/ccbn/T1725070ccbn/T1725070norm...Good morning. My name is Miranda and I will be your conference operator today. At this time, I would like to welcome everyone to the Saks Incorporated first-quarter earnings conference call. All lines have been placed on mute to prevent any background noise. After the speakers' remarks, there will be a question-and-answer session. (OPERATOR INSTRUCTIONS). I would now like to turn the call over to our Chairman and CEO, Steve Sadove. ... 5/20/2008 1:14:00 PMSaks Incorporated54.0000FinalQ1 2008 Saks Incorporated Earnings Conference Call TranscriptSKS10:00am ETTranscriptT1725070Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/ccbn/B1725070ccbn/B1725070norm...#Q## diluted share count lower than #Q##, reflecting fact that convertible indenture wasn't convertible at qtr.-end; no share equivalents for this instrument were added to share count. ... 5/20/2008 12:14:00 PMSaks Incorporated54.0000EditedQ1 2008 Saks Incorporated Earnings Conference Call SummarySKS10:00am ETBriefB1725070Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/cs/55731cs/55731norm May Retail Sales: Little Bounce in Rebound Retailers rebounded (somewhat) from a horrid April performance that was marred by a shift in the Easter holiday and unfavorable weather with modest gains as well as losses in May. Aggregate...557312433YesD0Article8751481517139190885091819428corp/reportshy1742High Yield54Euro Markets Issuers5/14/2008 11:12:19 AM150Retailers rebounded (somewhat) from a horrid April performance with modest gains as well as losses in May. The outlook for consumer spending remains healthy on the back of a growing labor market.55731Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69197cs/69197norm Consumer/Retail: #H April Short Interest Report Total short interest for the Consumer Products names increased #.#% versus the mid-April reading. Results were mixed within the names, with roughly equal numbers of companies showing increased...889965092512961424191190102629428181208204519326corphy17869659Short Interest54Euro Markets Issuers42High Yield5/13/2008 1:10:55 AM150We look to the most recent release of short interest data to gauge developing sentiment in the markets for Retailers, Grocers, and Food & Beverage, and Consumer Products names in our coverage universe.211113813113917231454204090691972700YesD0Article442195214815519451783719147098759169197Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/69075cs/69075norm April Retail Sales: Consumers Allergic to Shopping? Bloomberg Same Store Sales Composite Index, turned in a #.#% gain in April - coming off a -#.#% decline in March and a positive February performance (+#.#%). Sales also edged higher...690753648YesD0Article14815191391178850918428corphy11742High Yield54Euro Markets Issuers5/9/2008 12:11:36 AM150Warmer April weather brought plenty of pollen, but improvements in sales were relatively few and far between as consumers continue to downshift and hold out for bargains.69075Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/newstex/BW-0001-25115811newstex/BW-0001-25115811xml NEW YORK, May #, #### (Business Wire) -- Retailer Saks Incorporated (NYSE: SKS) (the "Company") today announced that owned sales totaled $###.# million for the four weeks ended May #, #### compared to $###.# million for the four weeks...04000000040070000400700504010000040100010401600004016001040160485/8/2008 9:06:48 AM18000000180040001900000019001000Business WireBW-0001-25115811SAKS INCSKSNewsNewstexhttp://www.alacrastore.com/storecontent/fitch/385306_report_framefitch/385306_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Best Buy Company, Inc.Blockbuster, Inc.Burlington Coat Factory Warehouse CorpCostco Wholesale CorporationCVS Caremark CorpDillard's, Inc.Gap Inc.J. C. Penney Company, Inc.Kohl's CorporationLinens N Things, Inc.Lowe's Companies, Inc.Macy's, Inc.Neiman Marcus, Inc.Nordstrom, Inc.RadioShack CorporationRite Aid CorporationSafeway Inc.Saks IncorporatedSears Holdings CorporationStaples, Inc.SUPERVALU Inc.Target CorporationThe Bon-Ton Stores, Inc.The Home Depot, Inc.The Kroger CompanyToys R Us, Inc.Wal-Mart Stores, Inc.8008895080089239800893168008988480090085800901038009054080090564800907898009092780091050800911628009145980091473800915048033852480361681807660048077600181574255816393988165787281882615827937178287854983001725839880675/6/2008 2:08:00 PM01030000010303000103030101070000275Special ReportBBIBBYBONTCOSTCVSDDSGPSHDJCPJWNKRKSSLOWMRADRSHSHLDSKSSPLSSVUSWYTGTWMT385306_report_frameCredit & Investment ResearchFitchResearchhttp://www.alacrastore.com/storecontent/ccbn/T1813589ccbn/T1813589norm...Good morning. Our presenting company is Saks. Saks is a high-end department store retailer with stores located in exclusive shopping destinations and upscale regional malls. As a result of the completion of the sale of the Saks Department Store Group in ####, the Company has become primarily focused on the luxury sector. In ####, Saks has significantly improved their operating performance, posting comps of ##.#% and improving operating margin by over ### basis points. With several initiatives in place over the longer term, management is targeting an #% operating margin. Here with us today is CEO, Steve Sadove, and Julia Bentley, Senior Vice President of Strategic Planning, Investor Relations. And with that, it's my pleasure to hand it over to Steve. ... 4/29/2008 5:14:00 PMSaks Incorporated54.0000FinalSaks Incorporated at Lehman Brothers Annual Retail Conference TranscriptSKS9:30am ETTranscriptT1813589Credit & Investment ResearchThomson Street Eventshttp://www.alacrastore.com/storecontent/spcred/644248spcred/644248normThe latest News from S&Pglobalstructured4/22/2008 6:25:37 PM100News644248United StatesDepartment StoresUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesRetailNewsNEW YORK (Standard&Poor's) April 22, 2008--Standard&Poor's Rating Services said today it raised the corporate credit rating on luxury department store operator Saks Inc. to 'BB-' from 'B+'. Concurrently, we removed all ratings from CreditWatch, where they had been placed on Sept. 20, 2007. The outlook is positive. We also raised the issue-level rating on Saks' unsecured notes to 'BB-', the same as the corporate credit rating on the company, from 'B+', and assigned a recovery rating of '4' to this debt, indicating the expectation of average (30%-50%) recovery of principal in the event of default. (For the full recovery report, see "Saks Inc.'s Recovery Rating Profile," to be published on RatingsDirect immediately following the release ofUSA74292579377W25503010 255030 2550 25Saks Inc.127367USASKSNEWSGLOBISSSTRUCFICORPABSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/644249spcred/644249normThe latest Research Update from S&Pglobalstructured4/22/2008 6:25:37 PM175Research Update644249United StatesDepartment StoresUnited StatesGlobal IssuersStructured FinanceFinancial InstitutionsCorporationsAsset-Backed SecuritiesRetailResearch UpdateOn April 22, 2008, Standard&Poor's Rating Services raised the corporate credit rating on luxury department store operator Saks Inc. to 'BB-' from 'B+'. Concurrently, we removed all ratings from CreditWatch, where they had been placed on Sept. 20, 2007. The outlook is positive. We also raised the issue-level rating on Saks' unsecured notes to 'BB-', the same as the corporate credit rating on the company, from 'B+', and assigned a recovery rating of '4' to this debt, indicating the expectation of average (30%-50%) recovery of principal in the event of default. The rating action reflects the significant progress the New York City-based company has made an improving its financial performance over the past two years and our expectationUSA74292579377W25503010 255030 2550 25Saks Inc.127367USASKSRESUPDGLOBISSSTRUCFICORPABSRetailCredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/cs/67888cs/67888norm Consumer/Retail #H March Short Interest Report Total short interest for the Retailers in our universe gained #.#% versus the mid-March reading, as the outlook for the economy continues to point to a slowdown. Short interest shares...678881138113917231454204090889965092512961424191190102629428181208204519326corphy17869659Short Interest54Euro Markets Issuers42High Yield4/16/2008 2:12:49 AM150We look to the most recent release of short interest data to gauge developing sentiment in the markets for Retailers, Grocers, and Food & Beverage, and Consumer Products names in our coverage universe.132462YesD0Article19514442155194517837197098158759121167888Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/67729cs/67729norm March Retail Sales: Slip-Sliding Away While the typical monthly sales report has mix of under-and-overachievers versus expectations, March numbers were universally below expectations, with mid-tier retailer taking the biggest hit. ...677293568YesD0Article14815191391178850918428corphy11742High Yield54Euro Markets Issuers4/10/2008 10:12:00 PM150March retail sales extended the streak of disappointment, as mid-tier names shouldered the bulk of the burden (with some jaw-dropping SSS results), while Wal-Mart picked up the pieces and plowed steadily forward.67729Credit & Investment ResearchCreditSightshttp://www.alacrastore.com/storecontent/cs/65403cs/65403norm Saks #Q## Tearsheet Saks has been effectively deleveraging via its turnaround plan. The company still generates operating margins below that of luxury peers, but trends have been improving as a result of better positioning, effective...65403500YesC21Tearsheet17tearsheets/premium174/2/2008 10:11:59 PM15065403Credit & Investment ResearchCreditSights