The TJX Cos., Inc. reported sales rose 3% in the five weeks ended October 4, to $1.78 billion. Comps decreased 1%. The company is lowering its guidance for third quarter earnings per share from continuing operations to the range of 55 cents to 58 cents pr
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Brunswick Accelerates Job Cuts, Plant Closures
Brunswick Corp. plans to accelerate its previously announced efforts to resize the company and to remove $300 million in fixed costs by the end of 2009. The company is taking the action in light of “extraordinary developments within the global financial m
FTC Bars Non-Compete Pact by Golf Galaxy
The U.S. Federal Trade Commission said it settled charges that Golf Galaxy, a unit of Dick's Sporting Goods Inc, violated U.S. antitrust law by reaching an agreement with a potential competitor, Golf Canada, that barred a potential competitor from en
RECALL: Outdoor Playset Gliders
The CPSC has recalled about 500 outdoor playset gliders made by Backyard Play Systems. Some of the gliders were shipped with assembly instructions that did not inform consumers to tighten all lock nuts during assembly, including those attached by the manu
Marc Ecko’s COO Joins New York Times
Joseph N. Seibert, COO at Marc Ecko Enterprises, has been named chief information officer for The New York Times. Seibert, 49, served as COO of Marc Ecko Enterprises from 2006 to 2008. Previously, Seibert was COO of Home Décor Products from 2005 to 2006..
American Apparel September Comps Jump 15%
American Apparel Inc.'s September same-store sales rose 15%. For the third quarter ended Sept. 30, same-store sales rose 24%…
PacSun’s September Comps Drop 5%
Pacific Sunwear of California Inc. reported that total PacSun sales for the five weeks ended Oct. 4 were $91.2 million, a decrease of 4% from total PacSun sales of $95.1 million a year ago. Comps decreased 5%. As a result of increased markdown activity,
World Central Banks Cut Base Rate to Stem Crisis
The U.S. Federal Reserve led a global round of emergency interest rate cuts on Wednesday to shore up confidence in markets shaken by the world financial crisis. The Fed said it was cutting its key federal funds rate by 50 basis points to 1.5%. China, the
Brown Shoe Cuts Q3 Guidance on Weaker Famous Footwear
Brown Shoe Co cut its third-quarter outlook due to disappointing sales at its Famous Footwear unit. Third-quarter earnings are now expected to range between 17 cents to 20 cents a share, including costs of 22 cents a share tied to moving its Madison, Wisc
180s Goes Live with CenterStone’s iVendix
CenterStone Technologies, Inc. announced that 180s is live on the company’s iVendix software application. iVendix will provide 180s with a business-to-business (B2B) online ordering solution for their retail dealers and sales reps. Now that 180s is live o
New Era Re-launches Wear Your Cap to School Day
New Era Cap Co.'s 5th annual “Wear Your Cap to School Day” initiative will take place on Thursday, October 23rd. The nationwide program is dedicated to raising awareness and funds for children who have been diagnosed with and are being treated for ca
K-Swiss Sponsors The Ford Ironman World Championship
K-Swiss will become the official run course sponsor for the Ford Ironman World Championship in Kailua-Kona, Hawaii, October 6-12. The event will feature seven world-class athletes representing K-Swiss U.S.A. and Australia. The brand will be hosting daily
NHL Store Exceeds Projections
Celebrating its one-year anniversary since its opening in October 2007, The NHL Powered By Reebok store at Sixth Avenue and West 47th Street in New York City is expected to more than double its projected sales figure for 2008…
Tracey Lynn Hires Director of Sales
PGA member Andrew M.Tucker, former head professional at Lakewood Country Club and Woodmoor Country Club, has been named director of sales for Tracey Lynn, the Denver-based women's golf apparel maker. The 23-year golf professional will establish Trace
Wilson Supports Breast Cancer Research
Wilson Sporting Goods Co. has donated a record $250,000 to the The Breast Cancer Research Foundation in the fight against breast cancer. When the partnership began in 1998, Wilson decided to donate a portion of the proceeds from the sales of all its women
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