Author: James Hartford

Fingerhut Direct announced that it has received a $100 million senior secured line of credit comprised of a revolving line of credit secured by inventory and a bridge loan for consumer installment receivables. CIT Business Credit's Retail Finance Gro

Escalade, Incorporated reports the company's seasonally slow first quarter got the year off to a satisfactory start. Sporting goods sales increased 5% to $11,179,000 as sales from prior year acquisitions more than offset slower sales of products wit

Retailer Saks Incorporated announced that comparable store sales for the five weeks ended April 5, 2003 compared to the five weeks ended April 6, 2002 decreased 3.8% on a total company basis. By segment, comparable store sales decreased 0.2% for SDSG and

Costco Wholesale Corporation reported net sales of $3.88 billion for the five weeks ended April 6, 2003, an increase of 12% from $3.46 billion in the same five-week period of the prior fiscal year…

Payless ShoeSource, Inc. reported that same-store sales decreased 10.6% during the March reporting period, the five weeks ended April 5, 2003. Company sales totaled $270.9 million, a 9.2 percent decrease from $298.2 million during fiscal March of last ye

Ross Stores, Inc. reported sales of $347 million for the five weeks ended April 5, 2003, a 5% increase above the $329 million in sales for the five weeks ended April 6, 2002. Comparable store sales for the month declined 5% compared to an 11% increase in

Stein Mart, Inc. announced total sales for the five-week March period were $131.1 million, a 10.5 percent decrease from the $146.6 million in sales for the same period in 2002. Comparable store sales for March decreased 12.9%…

The TJX Companies, Inc. reported sales for the five-week period ended April 5, 2003, were $1,109 million, up 5% over $1,059 million achieved during the five-week period ended April 6, 2002. Consolidated comparable store sales for the five-week period ende

Aussie Apparel, Inc. announced that it has signed Frontier International Holdings (FIH) of Australia, as an exclusive licensee covering Australia, New Zealand, Fiji, New Caledonia and the Pacific Islands…

Cannondale has announced that on March 28, 2003 the U.S. Bankruptcy Court for the District of Connecticut approved the Asset Purchase Agreement by and between Cannondale and Pegasus Partners II, L.P. Based on the terms of the Asset Purchase Agreement, th

Gary Niland, President of the SGAA, has announced that Mike Higgins of Higgins & Associates is the new Western Director of the 69-year old trade organization. Other rep news from SGAA includes Jack Rusher, NESGAA Retailer of the Yea