Goody’s Family Clothing, Inc. has filed a voluntary petition for reorganization under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of Delaware. As part of the reorganization process, the retailer w
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
Ashworth Switches to Q2 Net Income Despite Sales Decline
Ashworth, Inc. reported a consolidated net revenue decline of 3.4% for the fiscal second quarter ended April 30, 2008 to $57.8 million from $59.9 million last year. Domestic revenues declined for the quarter, but international grew. The company reported c
Mizuno Opens New Distribution Center
Mizuno USA, Inc. has opened a new 300,000 square foot distribution center at the Hamilton Mill Business Center in Buford, GA to support the company’s continued growth and to meet future market demands. The new Distribution Center will also lead to improv
Tum Yeto Adds Sinclair as Team/Marketing Manager for Dekline
Mike Sinclair has joined Tum Yeto, Inc. as the new team manager and marketing manager for Dekline and Toy Machine. In addition to his new role, Sinclair is also co-owner of theskateboardingindustry.com and a contributing writer for Skateboarder, SLAP and
Hardy and Greys Looks to Expand in U.S. Market
Continuing demand and strong sales growth for the company’s products has encouraged Hardy & Greys Ltd to set up their second international subsidiary after the successful launch of the Hardy & Greys GmbH in 2007. This new subsidiary company, based in Lanc
SGMA: Fitness Activities See Increasing Participation
Strength, conditioning, and aerobic activities. Those types of fitness pursuits are inspiring millions of Americans to perspire these days. According to the Sporting Goods Manufacturers Association’s (SGMA) Sports & Fitness Participation Report (2008 ed
Volcom Names Woolcott Chairman
Volcom, Inc. has elected Richard R. Woolcott as chairman of the board of directors. Meanwhile, Jason W. Steris, COO, will add the the duties of president to his role. Richard Woolcott, who remains chief executive officer, succeeds René R. Woolcott as chai
Costco Reports 9% May Comps Rise
Costco Wholesale Corporation reported net sales of $5.77 billion for the month of May, the four weeks ended June 1, 2008, an increase of 12% from $5.14 billion in the same four-week period last year. Comparable store sales grew 9% overall for the month, w
The Buckle Posts Another Impressive Month in May
The Buckle, Inc. saw comparable store sales jump 34.7% for fiscal May. Net sales for the four-week fiscal month ended May 31, 2008 increased 44.1% to $50.8 million from net sales of $35.3 million for the prior year period…
Wilson Extends AVP Deal Through 2012 Season
Wilson Sporting Goods Co. has extended its sponsorship with AVP, Inc.. Wilson will continue to be the “official game ball” of the AVP – for both indoor and outdoor games. The long-term deal extends through the 2012 season of the AVP Crocs Tour…
Vail Resorts Reports 5.5% Rise in Mountain Revenue
Vail Resorts, Inc. reported that Mountain revenue increased $17.0 million, or 5.5%, in the third quarter of fiscal 2008 to $325.7 million from $308.7 million for the same quarter last fiscal year. Mountain operating expense increased $4.8 million, or 3.1%
TJX Comps Increase 2% in May
The TJX Companies, Inc. reported a 6% rise in net sales for the month of May to $1.45 billion from $1.37 billion last year. For the year-to-date period, sales reached $5.9 billion, up 6% over the $5.5 billion achieved during the year-ago period. Consolida
J.C. Penney Reports 4.4% Decline in May Comps
J. C. Penney Company, Inc. reported a 4.4% decrease in comparable store sales for fiscal May, which was in line with guidance for sales to decrease mid-single digits and compared to a 0.9% decrease last year. Total sales in May decreased 2.4% to $1.34 bil
Kohl’s Sees 7.2% Drop in May Comps
Kohl’s Corporation saw net sales increase 1.2% to $1.21 billion from $1.19 billion last year. On a comparable store basis, sales decreased 7.2%. For the 17 weeks ended May 31, 2008, total sales were up 1.4%, but were down 6.8% on a comparable store basis.
Ross Stores Report 7% May Comps Increase
Ross Stores, Inc. recorded a 7% rise in same store sales for fiscal May. Net sales increased 14% for the period to $513 million from $450 million last year. For the year-to-date period, sales totaled $2.07 billion, an 11% increase over the $1.86 billion i
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