American Apparel, Inc. reported that for the month of June 2008, sales for stores open for more than twelve months increased 16% over the year-ago period, on a constant currency basis. For the month of June 2007, comparable store sales increased 28%. Ther
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Neiman Marcus June Comps Slide 2.4%
Neiman Marcus, Inc. reported June comps slid 2.4%. Total sales slipped 1.1% to $401 million from $406 million. In the five-week June period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodm
Darius Billings to Oversee The Athlete’s Foot
NexCen Franchise Management, Inc., a division of NexCen Brands, Inc., has appointed Darius Billings as director of retail brand marketing and merchandising. Billings is charged with the development of strategic brand growth and merchandising for NexCen’s
UGG Forms China Joint Venture
Deckers Outdoor Corporation entered into a joint venture with Stella International Holdings Limited for the opening of retail stores and wholesale distribution for the UGG Australia brand in China. Initial plans call for the opening of one to two stores i
Lowa Names Southeast Rep Agency
Lowa Boots the U.S., announced the appointment of Rep First sales agency to manage the company’s Southeast territory. David Ripley, Greg Fischer, and Jim Screven will oversee LOWA’s sales and marketing efforts in Virginia, West Virginia, North Carolina, S
Cloudveil Hires Angling Reps
Cloudveil hired James Buice in the Southeastern U.S region and Pedro Bonifacio of the Grizzly Outdoor Group in the Eastern Canadian territory to expand the brand’s angling presence in North America…
Olympic Swimmer Countersues TYR
Olympic silver medalist Erik Vendt, who will also be a part of Team USA in Beijing next month, has filed a countersuit against TYR sports, which had filed a breach of contract claim against him for switching to Speedo's record-breaking LZR Racer swim
Steve and Barry’s Faces Fire Sale
Steve & Barry's said in a bankruptcy filing late Wednesday that it doesn't have the money to stay in business and is being forced to undergo a fire sale. Lenders led by General Electric Co.'s (GE) General Electric Capital Corp., which contr
Michigan Univ. Cancels Steve and Barry’s Contract
The University of Michigan canceled its license for Steve & Barry's to make apparel under the college's name and logo. The report comes as news reports indicate that Steve & Barry's may file for Chapter 11 protection this week. Late last mo
G-III Apparel Acquires 116 Outlet Stores
G-III Apparel Group Ltd said it has bought certain assets, including 116 outlet stores, from Wilsons The Leather Experts for about $22.3 million in cash and raised its 2009 outlook to reflect the acquisition. The assets acquired include $18.5 million in i
Brunswick Comments on Debt Downgrade
Brunswick Corporation issued a statement in response to Standard & Poor's lowering it's corporate credit rating on Brunswick from BBB- to BB+. The company said it does not expect “any significant effect on Brunswick. Both our strong balance shee
Wolverine Worldwide Reports 6.8% Q2 Sales Gain
Wolverine World Wide, Inc. reported revenues climbed 6.8% in the second quarter ended June 14, to $267.4 million from $250.3 million in the prior year. Earnings per share grew 17.9% to 33 cents versus 28 cents in the second quarter of 2007. For the first
The Buckle’s June Comps Surge 28.9%
The Buckle, Inc. announced that comparable store sales for the five-week period ended July 5, 2008, increased 28.9%. Net sales jumped 38.6% to $61.9 million from $44.7 million a year ago…
Eddie Bauer Hires Former REI CEO
Jim Whittaker, who in 1963 was the first American to reach the top of Mount Everest, has agreed to work exclusively with Eddie Bauer on product design and marketing. Whittaker became president and CEO of REI in 1971, overseeing REI's expansion into t
New President and CEO for Payless ShoeSource
Collective Brands, Inc. named LuAnn Via, most recently group divisional president of Charming Shoppes’ Lane Bryant and Cacique retail chains, as president and chief executive officer of Payless ShoeSource, Inc., reporting to Matthew Rubel, chairman and ch
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