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Despite the weaker sales, Chief Executive Steve Sadove reassured analysts that the company was already recovering from the storm even though sales were still depressed two weeks later,Starting a Mechanic Shop in Your Hometown_55552.. "You're not going to see a long-term effect from the hurricane," Sadove said. In the same vein, he added that it expects sales at stores open at least a year, or same-store sales, to be flat because of Sandy. Looking ahead to the fourth quarter, Saks expects comparable store sales to be relatively flat compared to last year.
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In a call with analysts, executives explained that the storm had caused some disruption to the supply chain, including delays in getting merchandise into stores, and that Saks would extend a sales event by a few days, compromising its gross profit in the current quarter.
The operator of Saks Fifth Avenue and Off Fifth department stores said it expects sales at stores open at least a year to be flat during the current holiday quarter because of a slow start to November due to Superstorm Sandy,his wholesale jerseys sales are stillrobust..
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