Author: sportsoneauthor

OneGoal’s Equipment Program Returns for Second Year

January 9, 2009 SGB Update

OneGoal, the nonprofit organization created to grow the sport of hockey among the newest generation of children in North America, is bringing back their equipment program for its second year. In the inaugural year of OneGoal’s equipment program, North Ame

PacSun December Comps Drop 9%

January 8, 2009 SGB Update

Pacific Sunwear of California, Inc. saw sales for the five weeks of fiscal December ended Jan. 3, 2009 of $196.0 million, a decrease of nine percent from total PacSun sales of $214.4 million during the same period last year. PacSun same-store sales decrea

Wolverine to Cut 450 Jobs; Acquires Cushe

January 8, 2009 SGB Update

Wolverine World Wide, Inc. announced a strategic restructuring plan that the company said will create significant operating efficiencies, improve its supply chain and create a stronger global brand platform. When fully implemented, the company expects the

Costco December Comps Slightly Drop

January 8, 2009 SGB Update

Costco Wholesale Corporation reported net sales of $7.40 billion for the month of December, the five weeks ended Jan. 4, 2009, a decrease of two percent from $7.55 billion in the same five-week period last year. Total company comparable sales for the five

Stage Stores Sees Comps Fall 5%

January 8, 2009 SGB Executive SGB Update

Stage Stores, Inc. reported that its total sales for the five week December period ended Jan. 3, 2009 decreased 1.3% to $257 million from $260.3 million in the prior year five week period ended January 5, 2008. Comparable store sales decreased 4.9% versus

Macys Comps Drop 4%; 11 Stores to Be Closed

January 8, 2009 SGB Executive SGB Update

Macy’s, Inc. had total sales of $4.397 billion for the five weeks ended Jan. 3, 2009, a decrease of 4.7% compared with total sales of $4.614 billion in the five weeks ended Jan. 5, 2008. On a same-store basis, Macy’s, Inc. sales were down 4.0% in December

Macys to Close 11 Stores

January 8, 2009 SGB Update

Macy’s, Inc. plans to close 11 of its underperforming stores. Costs associated with these 11 store closings will be approximately $65 million (of which approximately $12 million will be cash), most of which will be booked in the fourth quarter of 2008…

BJ’s Comps Up Slightly for December

January 8, 2009 SGB Update

BJ's Wholesale Club, Inc. reported total sales for December 2008 increased by 3.2% to $1.06 billion from $1.03 billion in December 2007. On a comparable club basis, sales increased by 1.6% for the month of December, including a negative impact from s

Saks December Comps Plunge Nearly 20%

January 8, 2009 SGB Update

Retailer Saks Incorporated said owned sales totaled $363.3 million for the five weeks ended Jan. 3, 2009 compared to $447.7 million for the five weeks ended Jan. 5, 2008, an 18.9% decrease. Comparable store sales decreased 19.8% for the month…

J.C. Penney Dec. Comps Fall 8.1%

January 8, 2009 SGB Update

J. C. Penney Company, Inc. comparable store sales decreased 8.1% for the five-week period ended Jan. 3, 2009, better than the company’s guidance for a low-double digit decrease…

December Comp Sales Flat for Ross Stores

January 8, 2009 SGB Update

Ross Stores, Inc. saw sales of $802 million for the five weeks ended Jan. 3, 2009, a 6% increase over the $755 million in sales for the five weeks ended Jan. 5, 2008. Same store sales for the five weeks ended Jan. 3, 2009 were flat on top of a 3% increase

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