Saks Fifth Ave. posts strongest quarterly sales gain since 2013

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...