Saks Fifth Ave. posts strongest quarterly sales gain since 2013

Saks Fifth Ave. posts strongest quarterly sales gain since 2013
Well-heeled shoppers are hoofing it to Saks Fifth Avenue. The luxury department-store chain on Wednesday reported a 7.3 percent gain in its quarterly comparable sales — its strongest growth since the retailer was bought by Toronto-based Hudson’s Bay Co. in November 2013. “The rich are getting richer, helped by the tax cuts and the stock...