January Comps Decrease Slightly for Target
Target Corporation reported that its net retail sales for the four weeks ended Jan. 31, 2009 increased 0.8% to $4,138 million from $4,106 million for the four weeks ended Feb. 2, 2008. On this same basis, January comparable-store sales declined 3.3%…
TJX Co.’s Reports 4% Decline in January Comps
The TJX Companies, Inc. saw a 6% decline in net sales for fiscal January to $1.0 billion, down from the $1.1 billion achieved last year. For the 52 weeks ended January 31, 2009, sales reached $18.7 billion, up 2% from the $18.4 billion achieved during the
Costco Comps Slip 2% in January
Costco Wholesale Corporation reported net sales of $5.10 billion for the month of January, down 0.2% from $5.11 billion for the same period last year. Comparable store sales for the month declined 2.0% after an increase of 7.0% last year. For the first tw
Stage Stores January Comps Fall 13.1%
Stage Stores, Inc. said total sales for the four-week period ended Jan. 31, 2009 decreased 9.4% to $74.4 million from $82.1 million in the prior year four week period ended Feb. 2, 2008. Comparable store sales for the month decreased 13.1% versus an incre
Fairway and Greene Inks PGA Deal
The Wyndham Championship has signed a new three-year deal with Fairway & Greene, which will produce official apparel for the PGA Tour event. As the official provider, Connecticut-based Fairway & Greene will produce all apparel for tournament officials, st
Skechers Warns of Fourth Quarter Loss as Margins Contract
Skechers USA, Inc. said its fourth quarter 2008 results are expected to be significantly below the range of its previous outlook. For the fourth quarter of 2008, the company now expects net sales to be in the range of $290 million to $300 million and a ne
RECALL: Mavic Bikes
About 12,000 bicycles with R-SYS front wheel rims, made in France and imported by Mavic USA, of Haverhill, Mass. were recalled because the spokes on the front wheel rim can break during use, posing a fall and crash hazard to riders. The company has receiv
Sport Chalet Reviews Strategic Alternatives
Sport Chalet, Inc. said it was evaluating strategic alternatives, including raising additional capital and amending or replacing its current credit facility. This includes retaining Wedbush Morgan Securities as its financial adviser…
Adventure Medical Kits Names Pacific Northwest Reps
Adventure Medical Kits, the developer of safety and survival gear for outdoor enthusiasts, announced that it has tapped Seattle, Washington-based Alta Group Inc. to represent its lines in Oregon and Washington state…
CPSC Delays Some Safety Act Provisions
The Consumer Product Safety Commission has issued a one year “Stay on Enforcement” for the submission of “Testing and Certification” of compliance with the new lead and phthalates laws. The CPSC will not require Testing and Certification on products until
Lorpen Hires U.S. Sales Manager
Lorpen, the designer of high performance socks for athletes and outdoor enthusiasts, announced today that Bruce Barrows has been hired as U.S. Sales Manager. Barrows will be responsible for the marketing and sales of Lorpen socks within the U.S. and growi
Escalade’s CFO Resigns
Escalade, Inc. said it has accepted the resignation of Terry D. Frandsen as vice president and chief financial officer. Robert J. Keller, Escalade's president and chief executive officer, said that the company and Frandsen had reached a mutual decis
Kmart Introducing Athletic Line
Kmart is introducing an exclusive athletic footwear and apparel collection called Protege and created by NBA star Al Harrington. The launch of Protege is part of Kmart's footwear re-launch which will feature new and exclusive brands both in stores n
When Trade Shows Feel More Like Job Fairs
Not unlike other trade shows this last month, the PGA Merchandise Show last week continued the mood as the usually festive atmosphere worked to fight its way to the surface. Thursday seemed slow and quiet, though weather and flight delays may have played
PGA Show Rolls Out New Technologies in Tough Economy; The New Pro V1 Debuts
At the PGA Show in Orlando last week, the ‘new geometries’ launched two seasons ago that brought high-MOI to the norm now are slowly ebbing back toward traditional. For the most part, vendors appeared to be moving back toward a more traditional business
