Tuesday, November 15, 2005
Profits from Katrina
Insurance, at least. And who knew that Saks Fifth Avenue was based in Birmingham?
BIRMINGHAM, Ala. (AP) — Birmingham-based Saks beat analysts' estimates by reporting a slight profit for the third quarter. The department store chain reported net income of $200,000. That was partly due to a $10 million gain linked to the estimated insurance settlement from the Saks Fifth Avenue store in New Orleans that was damaged by Hurricane Katrina.
BIRMINGHAM, Ala. (AP) — Birmingham-based Saks beat analysts' estimates by reporting a slight profit for the third quarter. The department store chain reported net income of $200,000. That was partly due to a $10 million gain linked to the estimated insurance settlement from the Saks Fifth Avenue store in New Orleans that was damaged by Hurricane Katrina.
# posted by Jude Boudreaux @ 11/15/2005 01:27:00 PM 
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Saks is in Birmingham?? Doesn't seem so chic any more does it.
J. Ryan
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J. Ryan
# posted by 
: 1:33 PM, November 15, 2005
: 1:33 PM, November 15, 2005 << Home
