Saks Incorporated has announced its company performance for the three months ending May 3, 2008. The company earned a net income of $18.3 million as compared to $11 million in the same period last year. %% The retailer particularly recorded an increase in sale of its jewellery category, with other strong sales coming from handbags, shoes, men’s apparel, men’s shoes and accessories. Saks earned an 8.4 percent increase in its comparable store sales during the quarter. The rise in net income was a satisfactory result for the retailer amidst the present sluggish economy. %% Saks has projected its comparable store sales to grow by mid-single digits for 2008.