We offer products which appeal to the aspirational Saks customer who is more value oriented.

FORBES: Department Store Pricing -- No Easy Task (Part 4 Of 4)

First, they shocked their value-oriented customer base with whopping, out-of-nowhere 60% price increase.

FORBES: Netflix Crushes Its Own Momentum

In addition, management has worked hard to develop private label fashion merchandise that will appeal to a more value-oriented customer.

FORBES: Good News: Saks Fifth Avenue Is No Longer An Elitist

Combined with a new, streamlined organization, a substantially improved cost base, a strengthened capital structure, and a more customer-oriented culture, we have all the right measures in place to create shareholder value going forward.

CNN: Airline SAS cuts 3,000 jobs, announces restructuring plans