Saks Incorporated owned sales totaled $273.2 million for the five weeks ended Oct. 4, 2008 compared to $307.4 million for the five weeks ended Oct. 6, 2007, an 11.1% decrease. Comparable store sales decreased 10.9% for the period…
Author: SGB Media
Wal-Mart, Sam’s Clubs September Comps Increase
Wal-Mart U.S. net sales for the five-week period ending Oct. 3, 2008 increased 4.8% to $22.48 billion dollars, up from $21.45 billion during the period ending Oct. 5, 2007. Comparable store sales increased 2% for the five-week period, compared to 0.8% las
Stein Mart Comps September Comps Decrease 14.8%
Stein Mart, Inc. total sales for the fiscal period ended Oct. 4, 2008 were $112 million, a 11.9% decrease from FY07 September sales of $127.2 million. Comparable store sales decreased 14.8%…
Neiman Marcus September Comps Fall 12.9%
Revenues for Neiman Marcus Inc. for the five weeks ended Oct. 4 were $415 million, an 11% decrease from the $466 million reported for the year-ago period. Same store sales for the retailer dropped 12.9% from $466 million in the year-ago period to $406 mil
Credit Insurer Withdraws Coverage from JJB Sports
JJB Sports shares plummeted 27% on Tuesday after news emerged that a credit insurer refused to cover the company's suppliers due to the risk that JJB may be unable to pay them. The BBC reports that Coface, the insurance company in question, has confi
Cabela’s Cuts Corporate Workforce by 10%
Cabela's Inc. reduced its workforce approximately 10% at its corporate headquarters in Sidney, NE. The retailer expects approximately two-thirds of the reduction to come from leaving open positions vacant and one-third of the reduction to come from j
Isis Hires Field Representative
Isis has hired Pam Bates as the Isis field service representative. Bates will work closely with Isis retailers, the Isis sales staff as well as the Isis customer service and development team…
OIA Rendezvous a Reflection of Changing Season
Change is certainly ahead for the outdoor industry and the rest of America if the prognostications made by the speakers recruited to address the 300 in attendance actually materialize. From explorer and filmmaker Jon Bowermaster talking about the warming
OIA Rendezvous a Reflection of Changing Season
Change is certainly ahead for the outdoor industry and the rest of America if the prognostications made by the speakers recruited to address the 300 in attendance actually materialize. From explorer and filmmaker Jon Bowermaster talking about the warming
Nitches Backs Out of Backwoods Deal; Mull Snags New Financing to Expand
In the midst of the Rendezvous conference last week Nitches Inc. said it was unwinding its acquisition of Texas-based outdoor retailer Backwoods because the credit crisis had made it too difficult to raise money needed to finance Backwoods’ expansion…
Grabner Replaced as President at American Recreation Products
George Grabner “retired” unexpectedly as president of American Recreation Products (ARP) last week after 16 years serving in the post. He was replaced the same day by Jim Baumann, who spent most of the last 15 years running the nation’s largest operator o
Forzani Announces BTS Results
The Forzani Group Ltd., Canada's largest retailer of sporting goods, reported slightly higher sales for the fiscal 2009 Back-to-School selling season. Retail system sales for the seven-week period ended September 21 increased 0.8% over the same perio
TAPS Events Look Strong
The Trade Association of Paddlesports (TAPS) hosted two major events in September that saw high attendance. The 25th Annual West Coast Sea Kayak Symposium (WCSKS), held Sept. 19-21 in Port Townsend, WA, was host to more than 60 exhibitors and nearly 600 a
Amer Sued by Avocet; Acquires Assets of Bulgarian Subcontractor
Avocet Sports Technology, based in Menlo Park, CA, has filed a lawsuit against Amer Sports and its subsidiary, Suunto USA, for infringing on three patents for altimeter devices. The suit seeks monetary damages in excess of $20 million. ..
Wolverine Worldwide Tempers Sales Forecast, Raises EPS Guidance
Wolverine World Wide, Inc. had a good third quarter as low-single-digit sales growth was outpaced by stronger net income gains and the company’s Outdoor Group once again the shining star. It was the company’s 25th consecutive quarter of record sales and e
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