Research Paper on:
Financial Performance of Saks Inc.

Unformatted Sample Text from the Research Paper:
in order to look at more specific areas of interest. In this paper we will consider Saks Fifth Avenue. 1. When we consider the company in its 2000 accounts, compared to  the 1999 accounts then we may argue that the company is weaker than the year before. 2000 was a difficult trading year, and during the year the downturn in sales  lead to position where there were overstocks in each of the stores (Saks, 2001). However, in other measures, the company has got stringer, with higher sales, $6.4 billion compares  to $6 billion, however, costs also rose from $5.8 billion to $6 billion, leaving a greater gross profit margin. The income before taxes and the income after taxes also demonstrated  a drastic increase. However, we can also look to more recent years, and compare 2001 to 2002. For this the annual reports are not yet fully available, and as  such we need to took to alterative reliable sources for the information. Here we may argue that the company suffered from the weaknesses that came about even when growth  was seen in 2000. In 2002 (taken as a rolling twelve months) we see that unless there is a dramatic change there will be some very poor results. Sales have  reduced from $6.6 billion to $6.1 billion, and with costs of $6 billion with the need for taxes and other expenses, this has put the company in a position of  loss, with a loss of -$26.6 million before taxes, or with taxes of -$9.9 million, after tax losses of -$15.7 million (Wall Street Journal, 2002). Rations such as earnings  per share are now -$0.11 compared with 0.53 the year before, and with negative returns on the profit margins the company has major problems. However, these are not immediate as