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November 13, 2012
08:07 EDTSKSSaks sees Q4 SSS relatively flat
Year-over-year comparable store sales are expected to be relatively flat for Q4. This comparable store sales assumption is predicated on sales for the balance of the quarter returning to a growth rate similar to the comparable store sales increase posted in the third quarter. Based upon current inventory levels and composition and the company’s promotional calendar and permanent markdown cadence, the company expects its year-over-year gross margin rate to be flat to down 50 basis points in Q4.
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