Saks Jumps on Report Starwood Capital Has Made a Bid for Chain

Saks Jumps on Report Starwood Capital Has Made a Bid for Chain

Scott Eells/Bloomberg

Saks’s annual sales haven’t recovered from their pre-recession high. The retailer posted revenue of $3.15 billion last year, short of the $3.28 billion it recorded in the retail year that ended in early 2008.