Dana Cohen Quotes on Business & Commerce (2 Quotes)

The remaining question now, however, is the fate of the Saks Fifth Avenue division. We believed a breakup was the likely outcome for Saks and today's report confirms our expectation. However, current trends do not suggest much upside from current levels. Instead, upside to current valuation hinges on a turnaround at the Saks Fifth Avenue business, which we consider unlikely under current management.

After a year of very difficult business for Nike, there was a sense that the U.S. business was starting to see a turn. The Foot Locker issues and the potential escalation of promotional activity by the retailers puts a question mark on that.