a year earlier.
In a statement, the exclusive department store chain said that "Sales trends have been soft for the first two weeks of November in the aftermath of Hurricane Sandy. Many of our stores, representing about 40 percent of our total company revenues, were directly impacted by the storm, and we have experienced a decline in saks.com sales generated from our customers in the Northeast." It expects flat same-stores sales during the quarter due to the storm,discount Apple ipod touch.
During the third quarter, Saks sales and profits were hurt by what it called a "modest" spike in promotions, which lowered its gross profit margin by 0.3 point to 43.9 percent of sales. Nevertheless, the retailer reported net income of 22.6 million dollars, or 14 cents per share, up from 17,New York / York.8 million dollars, or 11 cents per share, a year earlier.
If you've been looking for a gorgeous place for a family trip on the east coast, look no farther than Long Beach Island for your next summer vacation.
While the island itself is 18 miles long, it's actually only a couple of blocks wide. LBI is as narrow as two blocks wide in some spots of the island! I've personally been going to LBI in New Jersey for over 40 years. I've spent many family vacations there. A Long Beach Island vacation offers a great "family friendly" environment.
As the overall macroeconomic environment remains very uncertain, we continue to approach the future cautiously," said Saks’CEO Stephen Sadove on Tuesday. Company’s third quarter’s sales climbed 3 percent to 713 million dollars, above the expected 692 million. The company said third-quarter earnings per share (EPS) rose 9 percent to 12 cents, in line with estimates. Sales climbed 3 percent to 713 million dollars, under expectations of 692 million dollars, reported Reuters.
LBI is an 18 mile barrier island. On the northern most tip you'll find the famous Barnegat Lighthouse, affectionately known as "Old Barney". This lighthouse has been a fixture on LBI for over 150 years. You'll find the town of Barnegat Light on the northern tip of the island. The southern tip of LBI shows you a light display at night of Atlantic City in the distance.
You'll also notice there aren't a lot of franchises and big box stores. You won't find big name hotels here, but rather family owned smaller hotels,there is a return to demand for simple. The lack of franchises helps to keep a charming feel on the island. LBI is truly an area full of thriving small businesses. In this day, it's hard to find a vacation resort that isn't overflowing with franchises at every turn,to read your news-letters. This is extremely unique on the Jersey coast.
One of the standout features is the lack of a boardwalk. While many other shore towns have a boardwalk, this quieter shore town doesn't, and it makes for a perfect family getaway without all the extra commotion. LBI offers a wide range of restaurants to accommodate different tastes. You'll also find a wide range of accommodations that range from beach house rentals to quaint bed and breakfasts and hotels.
A Long Beach Island vacation is a fun vacation! LBI is a popular New Jersey beach vacationing area. This Jersey shore area encompasses many smaller towns, the most popular being Beach Haven. Many people find this area to be a convenient getaway, and is a favorite beach destination pulling in people from New Jersey, Pennsylvania, New York, Delaware and Connecticut.