Foot it out of Federated and Sachet to Saks

After the quarterly earnings for first quarter 2007 are in, mid-tier stores like Federated Department Stores, which operates Macy's and Dillards Department Stores aren't looking so good, but Saks is looking as good as the merchandise it sells. While Dillards and Macy's were below investor expectations by 31.5% and 15.8% respectively, Saks was up 18.75%. This continues to show that Saks is highly focused on the right area for retail, and was probably very wise to sell off its mid-tier stores, at a premium I might add, as discussed in Saks Q1 Income Down 86%.

So, join the crowd and lets all Sachet to Saks like we own the place, which we should because they seem to be headed in the right direction!