Wal-Mart Stores, Inc. reported a consolidated store sales increase of 8.9% for fiscal February to $29.19 billion from $26.79 billion for the year-ago period. Wal-Mart store sales improved 5.6% to $18.56 billion, while Sam's Club sales increased 6.5%
Author: Teresa Hartford
Teresa Hartford
Editorial & Creative Director | SGB Media
teresa@sgbonline.com | 704.651.5741
TJX Comps and Sales Rise 3% in February
The TJX Companies, Inc. reported a 3% increase in fiscal February net sales to $1.3 billion from $1.2 billion for the same period last year. For the four-week period ended March 1, 2008, consolidated comparable store sales increased 3% over last year…
J.C. Penney February Comps Slide 6.7%
J. C. Penney Company, Inc. recorded a 6.7% decline in comparable store sales for the four weeks ended March 1, 2008, compared with guidance for a low-single digit decrease. In last year’s February period, comparable store sales increased 1.5%. Total sales
TaylorMade-adidas Golf Partners with RCGA
TaylorMade adidas Golf (TMAG) and the Royal Canadian Golf Association (RCGA) have entered a three-year agreement in which TMAG will become the official golf equipment and apparel partner of the RCGA. The agreement builds on an existing partnership between
Quiksilver Posts 14% Q1 Sales Rise
Quiksilver, Inc. reported a 14% rise in first quarter net revenues to $605.3 million from $528.7 million in the first quarter of fiscal 2007. Consolidated income from continuing operations for the first quarter of fiscal 2008 was a loss of $14.7 million,
Becker Takes Over at Reebok as Harrington Moves to Easton-Bell
Adidas AG has appointed Uli Becker as president and CEO of the Reebok brand. Becker, currently chief marketing officer of Reebok, will succeed Paul Harrington, effective April 1st, when Harrington takes over as CEO at Easton-Bell Sports. Harrington spent
adidas Q4 Sales Grow 14% Currency-Neutral
The adidas group reported that fourth quarter revenues grew 14% on a currency-neutral basis, driven by strong sales increases at both adidas and TaylorMade-adidas Golf. Reebok sales, however, declined. On a regional basis, sales grew by double-digit rates
Famous Footwear Sees Q4 Sales Decline 3.2% on One Less Week
Total net sales at Famous Footwear decreased 3.2% to $310.7 million, compared to $320.9 million for the fourth quarter last year. Excluding the impact of the fifty-third week in 2006, net sales increased 2.8%. Same-store sales in the quarter decreased by
Hilfiger to Take Footwear License Back
Tommy Hilfiger Group and the Stride Rite unit of Collective Brands, Inc. reached a mutual agreement under which Tommy Hilfiger will bring its men's and women's footwear business in-house effective January 1, 2009. Stride Rite will continue to re
Zumiez Sees 2.6% Comps Decrease for January
Zumiez Inc. reported that comparable store sales decreased 2.6% for the four-week period ended March 1, 2008, versus a comparable store sales increase of 12.4% for the four-week period ended March 3, 2007. Total net sales for the four-week period ended Ma
Keen’s Richardson to Become Chief of Corporate Social Responsibility
Kirk Richardson will step down from his current role as president of Keen to move into a new role as the company's chief of corporate social responsibility. Richardson was named Keen president in February 2006. His move follows the departure of the c
Golfsmith Q4 comps down 4.6%; Net Loss Widened by Charges
Golfsmith International Holdings, Inc. saw fourth quarter net revenues increase 5.3% to $79.0 million from $75.0 million for the fourth quarter of fiscal 2006. The increase includes net revenues from 13 non-comparable retail stores opened after December 3
OGIO Files Suit Against Callaway for Patent Infringement
OGIO has filed papers with the State of Utah's Federal District Court citing Callaway Golf Company for patent infringement. The papers were filed February 13, 2008. The suit is over OGIO's Woode organizing top, which was requested in the design
Gildan Sees Sock Programs Bolster Strong Q1
Gildan Activewear Inc. reported first quarter net sales increased 34.8% to $250.5 million from $185.8 million for the same period last year. The increase in sales revenues was due to an increase of 92.7% or $39.4 million in sock sales due to the acquisiti
Umbro CEO Steps Down as Nike Takes Over
The CEO of Umbro, Steve Makin, will be replaced by an in-house man from Nike in the form of Matthew Cook. Cook will take on the position of president and CEO following his most recent stint as general manager of Nike Italy. Makin joined Umbro in July 2006
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