Author: James Hartford

Value City February Comps Decrease 12.1%

March 6, 2003 SGB Update

Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company's same store sales decreased 12.1% for the four

Elder-Beerman February Comps Decrease 14.5%

March 6, 2003 SGB Update

Comparable store sales for The Elder-Beerman Stores Corp. decreased 14.5% for the four weeks ending March 1, 2003 compared to the four weeks ending March 2, 2002. Total store sales decreased by 14.5% to $35.9 million versus the same period last year…

Target Corp. Sees Feb Comps Off 1.4%

March 6, 2003 SGB Update

Target Corporation reported that its net retail sales for the four weeks ended March 1, 2003 increased 6.4 percent to $2.926 billion from $2.750 billion for the four-week period ended March 2, 2002. Comparable-store sales declined 1.4 percent from fiscal

Wal-Mart February Comps Up 2.6%

March 6, 2003 SGB Update

Wal-Mart Stores, Inc. reported net sales for the four-week period ending February 28, 2003, of $18.796 billion, an increase of 9.2% over the $17.207 billion in the similar period in the prior year…

JC Penney February Comps Decrease 2.1%

March 6, 2003 SGB Update

J. C. Penney Company, Inc. reported February comparable department store sales decreased 2.1% for the four weeks ended February 22, 2003, compared with last year's strong 12.5% gain…

Quiksilver Doubles Fiscal Q1 Profits on 31% Sales Gain

March 6, 2003 SGB Update

Quiksilver, Inc. announced consolidated net sales for the first quarter of fiscal 2003 ended January 31, 2003 increased 31% to $192.1 million as compared to fiscal 2002 first quarter consolidated net sales of $147.0 million. Consolidated net income for th

Benneton Unloads Rollerblade Unit to Tecnica

March 6, 2003 SGB Update

Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…

Kellwood 2002 Net Earnings Rose 11.4% on Sales Dip

March 6, 2003 SGB Update

Kellwood Company reported sales for the year were $2.2 billion, down $77 million, or 3% from $2.3 billion reported last year. Excluding the acquisition of Gerber Childrenswear on June 25, 2002, sales for the year were down $192 million, or 8%, but ahead

Kellwood Elects Ruzow and Weaver Corporate VPs

March 6, 2003 SGB Update

The Kellwood Board of Directors meeting elected Stephen L. Ruzow and Donna B. Weaver corporate vice presidents. Ruzow joined Kellwood as president of Kellwood Womenswear in 2001. Donna B. Weaver was named vice president corporate communications in 2002..

Saks Inc. Feb. Comps Take Hit From Winter Storms

March 5, 2003 SGB Update

Retailer Saks Incorporated announced that comparable store sales for the four weeks ended March 1, 2003 compared to the four weeks ended March 2, 2002 decreased 4.1% on a total company basis. By segment, comparable store sales increased 1.2% for SDSG and

Costco Fiscal Q2 Profit Shrinks on 8% Sales Gain

March 5, 2003 SGB Update

Costco Wholesale Corporation announced net sales for the second quarter of fiscal 2003 increased 8% to $9.92 billion from $9.21 billion during the second quarter of fiscal 2002. Net income for the second quarter of fiscal 2003 decreased 5% to $182.1 milli

Kohl’s 2002 Net Income Jumps 30% on 22% Sales Increase

March 5, 2003 SGB Update

Kohl's Corporation reported net income for the fiscal year ended Feb. 1, 2003, increased 29.8% to $643.4 million, or $1.87 per diluted share, compared to $495.7 million, or $1.45 per diluted share for the fiscal year ended February 2, 2002. Net sales

NSGA Report Shows Female Sneaker Purchase Decline

March 5, 2003 SGB Update

Although females continue to lead males as purchasers
of sports footwear, their lead decreased in 2002, according to data released by the National Sporting Goods Association (NSGA). For 2002, females purchased 53.1% of all sport footwear compared to 54.7%

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