Neiman Marcus Inc. said same-store sales fell 7.4% in February. Total revenue fell 5.4% to $288 million from $305 million. Revenue growth trends were the strongest in the company’s stores in Texas and New York City…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Saks Sees 3.4% Comp Gain
Saks Inc.'s comparable store sales increased 3.4% for the four-week period ended March 1. Total sales reached $227.6 million, up from $219.9 million a year ago. For February, the strongest categories at Saks Fifth Avenue were men’s shoes, accessories
BJ’s February Comps Rise 5.9%
BJ’s Wholesale Club, Inc. reported that sales for February 2008 increased by 9% to $655.7 million from $601.8 million. On a comparable club basis, sales increased by 5.9%, including a contribution from sales of gasoline of 2.7%. Comp gains exceeded 6% in
Costco’s U.S. Comps Climb 5%
Costco reported net sales of $5.11 billion for the four weeks ended March 2, an increase of 11% from $4.59 billion a year earlier. Total comps rose 7% with gains of 5% in the U.S. and 18% internationally…
Dillard’s Feb. Comps Slide 2%
Dillard’s, Inc. reported same-store sales slid 2%. Net sales were $581.6 million compared to $593.2 million a year ago. Sales were above the average company trend in the Western region and consistent with trend in the Eastern and Central regions…
Nordstrom’s Feb. Comps Drop 5.8%
Nordstrom, Inc. reported sales decreased 3.3% to $529 million from $547 million. Same-store sales decreased 5.8%. Comps fell 5.8% at its full-line stores and tumbled 8.3% at its Rack off-price concept…
HEAD Renews Beach Tennis USA Sponsorship
HEAD Penn Racquet Sports and Beach Tennis USA have renewed their partnership for another year. HEAD will serve as the official racquet and Penn will be the official ball for all the events comprising BTUSA's 2008 National Tour, including the season-e
Adidas and Samsung Partner on Mobile Phone
adidas and Samsung have teamed up to introduce miCoach, a mobile phone that works with adidas shoes and apparel to plan, track and motivate users in training. It combines a mobile phone, heart rate monitor, stride sensor, MP3 player and the voice of a “pe
Sports Specialists Limited Adds Board Member
Sports Specialists Limited (SSL), a retailer-owned specialty buying group for the snow sports, action sports, bike, outdoor, and casual outdoor furniture industries, recently elected Alan Newman to its Board of Directors. Alan Newman and his wife Liette a
Fila EMEA Management Undergoes Buyout
Fila has agreed to a management buyout of its Europe, Middle East, Africa and Indian sub-continent division for an undisclosed sum. Chief executive Stefano di Martino led the buyout and will continue in the same role. Former Adidas global marketing direct
Gregory Mountain Makes New Hires
Gregory Mountain Products, has hired a new controller, materials manager and international/domestic customer service representative. As Gregory transitions to its new downtown Sacramento office, it continues to recruit for several open positions, includin
Escalade Increases Dividend
Escalade, Inc. increased its quarterly dividend by 14%. Its board authorized the payment of a 25 cents per share dividend payable March 21, to all shareholders of record on March 14…
Summit Golf Brands Names Santana VP Global Manufacturing and Sourcing
Summit Golf Brands, has named apparel-industry veteran David W. Santana as its new VP, Global Manufacturing & Sourcing. In his new role, Santana will be responsible for product development and worldwide sourcing of high-end golf wear. He also will be resp
Heelys Posts $5.5 Million Q4 Loss; Sales Plunge 86%
Heelys, Inc. reported a loss of $5.5 million in the fourth quarter. Revenues were only $9.8 million, an 86% tumble from revenues of $71.1 million a year ago. “Our fourth quarter results reflect the ongoing challenge to bring retail inventories more in-lin
Steve and Barry’s Gains Funding
GE Commercial Finance Corporate Lending has provided a $197 million asset-based credit facility to Steve & Barry’s. The loan will be used for ongoing working capital needs. GE Capital Markets arranged the transaction…
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