Stephen D. Simpson, CFA, on March 4, 2005 wrote “Saks’ Fate Hangs on Margins” for Motley Fool. We sent him this email:
Of interest to those behind the scenes is the fact that, in an attempt to be profitable, Saks leadership decided to use predatory lender Household International as their private label credit card provider. […]
The Gottschalks credit card is offered and administered by Household Bank (SB), N.A. (Household). This according to Gottschalks web site. Updated data should reflect HSBC, however it is all Household International anyway.
While the company missed the market’s all-important consensus EPS — in this case, actually, it’s losses per shares — estimate, Gottschalks still […]
Motley Fool
Sad Saks
Tuesday November 16, 2:22 pm ET
By Seth Jayson
What are the odds that a retailer based in the southern U.S. would blame hurricanes for an unexpected loss last quarter? For those of you who love the old weather excuse, Saks (NYSE: SKS - News) has got you covered.
The Alabama-based retailer — yeah, […]
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An open letter to HSBC, Knight Vinke and Stephen Green
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