PPR Officially Issues Takeover Bid for All Puma Shares

PPR, through its subsidiary SAPARDIS, officially published the offer document for the friendly voluntary takeover offer to the outside shareholders of PUMA AG. SAPARDIS is offering €330.00 ($432.30) in cash for each PUMA share. The offer price values PUMA

Wolverine Unloads NCAA Clogs Business

R.G. Barry Corporation, the Dearfoams company, signed a transfer agreement under which it will buy the NCAA College Clogs business from Wolverine World Wide, Inc. The companies expect the business transfer to be complete within two weeks…

Perry Ellis Ups Guidance on Strong Q1 Preliminary Results

Based on preliminary estimates, Perry Ellis International, Inc. presently anticipates that total revenue for its first quarter ended April 30, 2007, will be approximately $228 million compared to $214 million for the first quarter ended April 30, 2006. Th

TAF Parent Reports Small Loss for Q1

NexCen Brands, Inc. Licensing, royalty and franchise fee revenues totaled $3.9 million for the first quarter. Net loss, which includes income from discontinued operations of $447,000, was ($198,000). The net loss per share calculates to 0 cents. Included

The Buckle April Comps Increase 1.8%

The Buckle, Inc. net sales for the four-week fiscal month ended May 5, 2007 increased 7.5% to $34.0 million from net sales of $31.6 million for the prior year four-week fiscal month ended April 29, 2006. Comparable store net sales, for stores open at leas

J. C. Penney April Comps Decline 4.7%

J. C. Penney Company, Inc. total department store sales decreased 2.7% for the four weeks ended May 5, 2007. Comparable department store sales decreased 4.7%, compared to initial guidance for sales to be flat and a 2.6% increase last year.

Nordstrom Comps Increase 3.1% in April

Nordstrom, Inc. reported preliminary sales of $604.0 million for the four-week period ending May 5, 2007, an increase of 3.3% compared to sales of $584.9 million for the four-week period ending April 29, 2006. Same-store sales increased 3.1%.

The Bon-Ton Stores Comps Drop 13.4% in April

The Bon-Ton Stores, Inc. sales for the four weeks ended May 5, 2007 decreased 13.7%, to $211.9 million, compared to $245.6 million for the prior year period. Bon-Ton and Carson's combined comparable store sales for the four weeks decreased 13.4%. Bon