Thomas J. Ryan | Page 1196 | SGB Media Online

Nike Creates Pink Uniforms to Support Cancer Research

February 8, 2008 SGB Update

Nike announced that it will support the Women's Basketball Coaches Association's (WBCA) Kay Yow/WBCA Cancer Initiative week by creating head-to-toe pink uniforms for four of its partner schools. The special pink uniforms will be worn Feb. 10 whe

Allied Capital Commits $68 Million to Augusta Sportswear

February 8, 2008 SGB Update

Allied Capital Corporation said it has invested $68 million of secured second lien debt plus a minority equity co-investment to support the buyout of Augusta Sportswear Group by private equity firm Quad-C Management. As reported, Linsalata Capital Partner

Allied Capital Commits $68 Million to Augusta Sportswear

February 8, 2008 SGB Update

Nordstrom Comps Drop 6.6%

February 7, 2008 SGB Executive SGB Update

Nordstrom, Inc. reported January same-store sales decreased 6.6 percent and total sales decreased 20.3 percent. Sales fell to $486.3 million for the four-week period ended February 2, 2008, compared to sales of $610.1 million for the five-week period ende

Stein Mart’s Comps Slide 2.5%; Forecasts Q4 Loss

February 7, 2008 SGB Executive SGB Update

Stein Mart, Inc. reported comparable store sales fell 2.5% in January. Total sales fell 19.1% to $81 million from $100.1 million. Management now expects fourth quarter operations will produce a net loss of $(0.28) to $(0.33) per diluted share..

Dillard’s, Inc. Reports 12% Same-store Decline

February 7, 2008 SGB Update

Dillard’s, Inc. reported sales for the four weeks ended February 2, 2008 fell 12% to $435.3 million from $622.0 million a year ago. Comps fell by the same amount…

Saks Comps Grow 4.1%

February 7, 2008 SGB Update

Saks Inc. announced that January 2008 comparable store sales increased 4.1% over the prior year. Fiscal fourth quarter comparable store sales increased 9.0% over the prior year, which was consistent with management’s previously disclosed expectation of a

Target’s Comps Slide 1.1%

February 7, 2008 SGB Update

Target Corp. reported that its net retail sales for the four weeks ended February 2, 2008 increased 5.4 percent compared to the four weeks ended January 27, 2007. On this same equal-week basis, January comparable store sales decreased 1.1 percent. On a fi

TJX Posts 3% Comp Gain

February 7, 2008 SGB Update

The TJX Companies, Inc. reported consolidated comparable store sales for the four-week period ended February 2, 2008, increased 3% over last year. Total sales increased 7% to $1.13 billion from $1.06 billion…

Neiman Marcus’s Comps Increase 3.3%

February 7, 2008 SGB Update

Neiman Marcus reported comparable store sales rose 3.3% in January. Total revenues advanced 5.6% to $290 million from $275 million. In the four-week January period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus S

Macy’s Comps Fall 7.1%

February 7, 2008 SGB Update

Macy's Inc. said same-store sales fell 7.1 percent in January. Much of that drop, however, was attributed to one fewer week in January 2008 versus January 2007, but same-store sales still missed Macy's estimate of minus 4 to 6 percent…

Nitches Acquires Backwoods

February 7, 2008 SGB Update

Nitches announced it has acquired outdoor lifestyle retailer Backwoods Equipment Company, whose operations consist of Backwoods stores and travel service Backwoods Adventures. Jennifer Mull will continue as CEO and President of Backwoods. Nitches, which i