Author: James Hartford

ShopKo August Comps Increase 1.4%

September 4, 2003 SGB Update

ShopKo Stores, Inc. reported consolidated sales for the four weeks ended August 30, 2003 increased 1.2% to $256.2 million from $253.3 million during the same period last year. Consolidated comparable store sales increased 1.4%…

Goody’s Sees Flat August Comps

September 4, 2003 SGB Update

Goody's Family Clothing, Inc. reported total sales for the fiscal month of August 2003 (the four weeks ended August 30, 2003) of $87.1 million, an increase of 0.6% from total sales of $86.6 million for the fiscal month of August 2002 (the four weeks

Gottschalks August Comps Up 1.0%

September 4, 2003 SGB Update

Gottschalks Inc. announced that same store sales for the month of August 2003 increased by 1.0% from the prior year. Total sales for the month decreased by 1.6% to $47.2 million from $48.0 million in August 2002…

Shoe Carnival Posts 5.0% August Comp Store Gain

September 4, 2003 SGB Update

Shoe Carnival, Inc. reported sales for the four-week period ended August 30, 2003 increased 17 percent to $70.1 million from sales of $59.9 million for the four-week period ended August 31, 2002. Comparable store sales increased 5.1% in August 2003…

Stage Stores August Comps Fall 7.3%

September 4, 2003 SGB Update

Stage Stores Inc. reported that comparable store sales for the four-week period ended Aug. 30, 2003 decreased 7.3% as compared to the prior year four-week period ended Aug. 31, 2002, during which comparable store sales increased 4.5%. Total sales decrease

Pacific Sunwear Continues Double-Digit Comp Gains in August

September 4, 2003 SGB Update

Pacific Sunwear reported that total sales for the four weeks of August of fiscal 2003 were $136.7 million, an increase of 24.0% over total sales of $110.2 million for the four weeks of August of fiscal 2002. Company same store sales increased 15.6% for th

Famous Footwear August Comps Turn Positive; Rise 2.0%

September 4, 2003 SGB Update

Brown Shoe Company, Inc. announced August retail sales at Famous Footwear rose 3.7% to $135,800,000 for the four-week period ended August 30, 2003, compared to $131,000,000 for the same period last year (ended August 31, 2002). Same-store sales for Augus

Stefan to Head Ellesse U.S. Unit

September 4, 2003 SGB Executive SGB Update

Pentland Brands plc, parent company of Ellesse International, has appointed Maria Stefan as President of Ellesse, USA. Maria will be responsible for the re-launch of the brand in the United States as a premium Italian sportswear label built on the herit

Nike Completes Converse Acquisition

September 4, 2003 SGB Update

Nike, Inc. has completed the acquisition of Converse, Inc. Under the final terms of the transaction, originally announced on July 9, 2003, Nike Inc. purchased 100% of the equity shares for approximately $305 million…

NSGA Retail Footwear Survey Confirms H1 Woes

September 4, 2003 SGB Update

According to a National Sporting Goods Association Market Survey, retail sales of athletic footwear slipped 4.4% during the six-month period, October 2002 through March 2003. Sales for the six-month reporting period were $6.24 billion versus $6.52 billion

Target Stores Drives August Increase at Target Corp.

September 4, 2003 SGB Update

Target Corporation reported that its net retail sales for the four weeks ended August 30, 2003 increased 12.4 percent to $3.632 billion from $3.231 billion for the four-week period ended August 31, 2002. Comparable-store sales increased 5.7% from fiscal A

Federated August Comps Dip 0.8%

September 4, 2003 SGB Update

Federated Department Stores, Inc. reported total sales of $1.078 billion for the four weeks ended August 30, 2003, a decrease of 0.6% from total sales of $1.084 billion in the same period last year. On a same-store basis, Federated's August sales wer

Varsity Brands Settles Class Action Lawsuits

September 3, 2003 SGB Executive

Varsity Brands, Inc. has reached an agreement to settle two purported class action lawsuits that were filed in Delaware and Tennessee against the company, its board of directors and Leonard Green & Partners, L.P. The lawsuits challenged the proposed merge

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