2010 Second Quarter Loss Of Us High S. S. Department Stores

Selling products at full price, upscale in the US.

Sax said shortly before that, as of July 31st, its quarterly loss was $32 million 200 thousand, with 3 stores closed.

Its revenue grew by 5% to $593 million 100 thousand.

The company's stores, which opened for at least one year, increased quarterly revenue by 4.6%.

Sax expects it to rise two digits in the rest of the year.

In order to resist the economic downturn,

Poorly performing products include denim, jewelry and contemporary clothing.

Chief executive Stephen Sadoff said at a news conference that he had told analysts to call the company, and there will be a plan to solve specific brand and category problems, and 35 local marketing managers have been hired to help push the company forward.

Two years ago, the company focused on cutting costs and coping with the new economic situation. People were skeptical about procurement.

But Sax said that it is promoting its business development in certain categories and markets.

"This year, we have begun to get rid of the defensive and proceed cautiously and selectively."

He said.

Sax's poorly performing shops have been closed, including 3 months' shops.

Sax announced plans to close his Sax Fifth Avenue store, and the Dezhou store will also be closed, affecting 65 employees.

60 employees, the American California store, will be closed in October.

Sadoff said that for those unprofitable shops and employees who plagued the company, they could choose to go to other stores or leave.