Wal-Mart Stores Inc, said its October U.S. same-store sales climbed 0.4 percent. Wal-Mart Stores results were flat, while Sam's Club same-store sales increased 2.7 percent…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Target’s October Sales Increase 4.1%
Target Corp reported that retail sales for the four weeks ended November 3, increased 9.7% to $4,445 million from $4,054 million a year ago. Comparable-store sales increased 4.1 percent…
Saks Comps Surge 10.6%
Saks Incorporated reported comparable store sales increased 10.6% during October. Total sales reached $269.1 million versus $232.2 million, a 15.9% increase…
Same-store Jump 8.5% at Neiman Marcus
Same-store sales at Neiman Marcus rose 8.5% in October. Total sales advanced 10.9% to $383 million from $345 million…
Retail Ventures Comps Tumble 7.3%
Retail Ventures, Inc. reported October sales reached $787.8 million, basically flat against $787.6 million a year ago. Same store sales decreased 7.3% for the thirteen week period.
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Bakers Footwear Q3 Comps Fall 16.6%
Bakers Footwear Group, Inc. reported third quarter sales decreased 13.4% to $40.3 million, compared to $46.6 million a year earlier. Comps decreased 16.6%, compared to a 4.2% decline in the comparable period last year…
Sports Direct Sells Amer Stake
Sports Direct, the UK retailer controlled by Mike Ashley, sold its entire stake in Amer Sports for €166.6m ($242 million). Sports Direct said in a statement, “The proceeds of sale will reduce group borrowings.”…
Converse Names Starbucks Exec as CMO
Converse announced the appointment of former Starbucks exec Geoff Cottrill as CMO. Cottrill will lead global brand development, drive the marketing strategy and brand management functions including advertising, sports marketing, and brand design, communic
Champion Launches “How You Play” Campaign
Champion launched a national ad campaign featuring a new tagline, “How You Play.” The campaign includes ads in Details, Maxim, Blender, Vogue, US Weekly, Lucky, Cosmopolitan through January 2008, as well as out-of-home bulletins and out-of-home street kio
SRAM Acquires Zipp
SRAM Corporation completed its acquisition of speedway carbon wheel maker Compositetech Inc., which makes products under the Zipp name. The Zipp management team will remain intact and continue to report to Andy Ording, president of Zipp. Ording will repor
Sports Chalet’s Q2 Profits Tumble 56.5%
Sport Chalet, Inc. reported Q2 sales increased 7% to $97.7 million from $91.3 million a year ago, but same-store sales dropped 2.2%. Net income plunged 56.5% to $739,000, or 5 cents a share, from $1.7 million, or 12 cents, for the same period last year. S
Timbuk2 Hires Fowler as COO
Timbuk2, the San Francisco-based manufacturer of bike messenger and computer bags, totes and backpacks, announced that Mike Fowler has joined the company as its new COO. Fowler has over 15 years’ of sales, marketing and operational experience with outdoor
British Airways Bans Surfboards
British Airways on Tuesday installed new restrictions that ban surfboards and other large sports equipment including kayaks, canoes, windsurfing equipment, vaulting poles, javelins, and hang gliders. Skis and golf clubs are still permitted in the BA bagga
VF Outdoor/Reef Sued Over Patent Infringement
VF Outdoor is being sued by a company that claims it owns the patent for footwear with removable inserts for containing objects in the soles. Archport Shoes says it is the innovator of Shoe Pocket and Method of Use and has been selling footwear with remo
Quik Sells Cleveland to Srixon/Dunlop Parent…
Quiksilver Inc. is now getting out of the golf hardgoods business. While companies are sprouting up all over the PGA show floor with action sports-influenced golf apparel, the same trend has yet to materialize in the hardgoods space, leaving Quik to fulf
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