Saks Inc. (SKS) plans to open their first Saks Fifth Avenue store in Mexico this time next year. As the company works to improve its U.S. operations it still is looking at opening more stores in this country to add more profits.
This despite the fact that Saks reported a $51.9 million second-quarter loss due to reorganization costs, charges related to stock options, and expenses from a regulatory investigation, according to this NYTimes.com article.
Besides Mexico Saks has stores in Riyadh and Dubai, and plans to open one in Shanghai.
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