Author: SGB Media

Payless June Comps Fall 9.1%

July 10, 2003 SGB Update

Payless ShoeSource, Inc. reported that same-store sales decreased 9.1 % for June. Company sales totaled $291.3 million, an 8.4 % decrease from $318.0 million during fiscal June of last year…

Neiman Direct June Surge Pushes Comps Up 10.3%

July 10, 2003 SGB Update

The Neiman Marcus Group, Inc. announced in the five-week June period, comparable revenues in the Specialty Retail Stores segment increased 6.1 %. Stores in the Northeast and West had the strongest sales results for the month. Comparable revenues at Neiman

Ross Stores June Comps Off 2.0%

July 10, 2003 SGB Update

Ross Stores, Inc. reported sales of $367 million for the five weeks ended July 5, 2003, an 8% increase above the $340 million in sales for the five weeks ended July 6, 2002. Comparable store sales for the month of June declined 2% versus a 12% gain in th

West Marine June Comps Down 2.0%

July 3, 2003 SGB Update

West Marine reported that net sales for the five weeks ended June 28, 2003 were $98.4 million, a 25.0% increase from net sales of $78.7 million for the same period a year ago. Comparable store net sales for the five weeks ended June 28, 2003 decreased 2.0

Shoe Pavilion Reports Q2 Same Store Sales off 7.6%

July 3, 2003 SGB Update

Shoe Pavilion announced net sales were $21.2 million for the second quarter ended June 28, 2003, compared to net sales of $22.7 million for the same period in 2002, a 6.9% decrease. Net sales from the Company's retail stores and Gordmans licensed sho

Sears Elects Bax To Board

July 3, 2003 SGB Update

The board of directors of Sears, Roebuck and Co. today announced the election of William L. Bax, 59, former managing partner of PricewaterhouseCooper's Chicago-area practice, to membership on Sears' board of directors. His election increases th

GolfGear Licensing Zevo’s ‘Compressor’ Drivers

July 3, 2003 SGB Update

GolfGear has granted a non-exclusive, worldwide license to Golfsmith International to sell the remaining stock of metal woods it acquired from Zevo Golf – more specifically the Zevo Compressor drivers – under GolfGear's patents covering its proprieta

REI First To Act After FCC Ruling on Personal Locators

July 3, 2003 SGB Update

Following the recent FCC ruling approving the sale and use of personal locator beacons (PLBs) in the continental United States beginning July 1, Recreational Equipment, Inc. announced the availability of the new satellite-assisted search and rescue techno

Stride Rite Down on Weak Canvas Biz…

June 30, 2003 SGB Update

The weather-inflicted declines in sandals appear to have hit another key category this spring – canvas. Stride Rite reported fiscal second quarter numbers for its canvas product impacted the sales and profits for the company across all brands, nearly era

adidas Makes Moves in Europe…

June 30, 2003 SGB Update

adidas-Salomon has signed a far-reaching partnership deal with sporting goods retailing powerhouse Intersport. The specific terms of the four-year agreement with the operator of over 4,500 retail doors were not revealed. Intersport reportedly produced €

…and China…

June 30, 2003 SGB Update

Since 1979 adidas has been the main sponsor of the Chinese World Cup Football development program, and on June 26th they signed a deal that continued this support until 2010.
While adidas did not release any financial information, they did state that thi

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