(EMAILWIRE.COM, September 01, 2010 ) New York, NY - Retail stocks ended the regular trading session mixed Tuesday after a Conference Board report showed that consumer confidence climbed in August, and Saks Inc. shares surged on takeover speculation.

Saks Incorporated (NYSE:SKS) soared 19.70% to $7.90 on over 40.84 million shares on a report in the U.K.'s Daily Mail that the company may be on the receiving end of a $1.7 billion cash bid. Today, the stock opened the trade at $8.75 and was trading within the range of $7.86-$8.85. At today`s closing market price, the market capitalization of the stock stood at $1.27 billion.

Citing unnamed sources, the publication reported that a group of U.S. and U.K. private-equity firms has been looking at Saks for months and has nearly completed its due diligence, which may soon lead to an offer of $11 a share.

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Macy's, Inc. (NYSE:M) added 1.15% to $19.41 on over 8.31 million shares. Over the past 52-weeks, the stock traded within the range of $14.61-$25.25. The volumes were low today at 8.31 million shares as compared to its daily average volume of 10.15 million shares.

J.C. Penney Company, Inc. (NYSE:JCP) surged 2.46% to $19.98 on over 6.38 million shares after making its new 52-week low of $19.42. After opening today`s trade at $19.42, the stock traded within the range of $19.42-$20.27. At current market price, the market capitalization of the stock stands at $4.72 billion.

Kohl's Corporation (NYSE:KSS) added 0.84% to $46.94 on over 4.80 million shares. The 52-week range of the stock is $44.07-$60.89. So far this year, the stock fell more than 15%.

Kohl’s Corporation operates family-oriented department stores that sell apparel, footwear and accessories for women, men and children, soft home products, such as sheets and pillows, and housewares.

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