There are rumors that Saks may be up for sale. It was reported by 
Women's Wear Daily awhile ago that private-equity firm Tri-Artisan Capital Partners and real estate firm Vornado Realty Trust may be interested in buying the company.
Taking a look at the stock price for Saks this past year, you can see that shares are really plumetting. In the July 24, 2006 issue of Business Week, it said that sales are down 3.6%, operating income is down 13.7%, and cash from operations are down 11.9%.
The numbers don't look good, but I'm sure there's somebody out there business savvy enough to take on the challenge ;)
Stock Chart via Morningstar.com
Comment Preview