From: Reuters
Published May 20, 2008 08:18 AM

Saks Inc posts higher quarterly profit

ATLANTA (Reuters) - Upscale retailer Saks Inc <SKS.N> reported a higher quarterly profit on Tuesday as promotions helped draw shoppers during a difficult economic environment.

Earnings came to $18.3 million, or 13 cents a share, for the first quarter ended May 3, compared with $11 million, or 7 cents a share, a year earlier.

(Reporting by Karen Jacobs, editing by Gerald E. McCormick)

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