S&P may up Saks

Standard & Poor's said it placed the ratings on Saks Inc. on CreditWatch with positive implications.

This watch reflects positive sales trends year-to-date, which have been modestly above expectations, S&P said.

Increased full-price selling and good cost controls have enabled the company to increase operating margins, the agency said.

The agency said it anticipates that the company is likely to maintain positive operational momentum over the near term, which should benefit the company's credit protection measures.

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