Saks Inc. announced sales totaled $248.9 million for the four weeks ended June 2, compared to $178.5 million for the four weeks ended May 27, 2006, a 39.4% increase. Comparable store sales increased 37.5% for the four-week period…
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Neiman Marcus’s Comps Climb 6.6% in May
Neiman Marcus, Inc. reported revenues in May rose 9.2% to $307 million from $281 million, with comparable stores ahead 6.6%…
Mountain Equipment Co-op Hires Communications/Marketing Mgr
Mountain Equipment Co-op (MEC) has hired Nathalie Baudoin as Senior Manager of Communications and Marketing. Peter Robinson, chief executive officer, said the appointment follows a year-long search, within and outside Canada, to find an executive to lead
Sports Direct Takes 4.9% Stake in Amer Sports
Britain's biggest sports retailer, Sports Direct Plc said it paid 58.4 million euros ($78.8 million) to take a strategic 4.9% stake in Amer Sports…
Big 5 to Join SandP’s SmallCap 600
Big 5 Sporting Goods Corp will joined Standard & Poor's SmallCap 600. The retailer will replace Kronos Inc., which is being acquired by Hellman & Friedman Capital Partners VI, L.P. in a deal that is still pending final approvals…
Golf Apparel Brands Acquires Sahara Sportswear
Golf Apparel Brands, Inc has acquired Sahara Sportswear. The company's roster already includes La Mode, Clark & Gregory, Fairway Blues, and The Golfer. GABI also is a private label supplier to better clubs and resorts and boasts a logo library of ove
Everlast/Michelen to Launch Boxing Footwear
Everlast Worldwide Inc. has signed a worldwide license agreement with Michelin Lifestyle Limited (MLL) to create a new line of professional boxing footwear using patented tread technology inspired by the Michelin HydroEdge tire. The boxing footwear line w
Zumiez May Comps Grow 11.2%; Finds CFO
Zumiez Inc.'s sales in the four weeks ended June 2 jumped 51.6% to $22.7 million, with comparable stores ahead 11.2%. The action sports retailer also offered Trevor Lang, formerly VP of finance at Carter's Inc., its vacant CFO position…
L.L. Bean Plans Outdoor Theme Park in Freeport
L.L. Bean plans to develop a 700-acre outdoor adventure center in Freeport, with the goal of creating a national recreation destination. The project site is about a mile from its flagship store, and will feature lodging and dining facilities…
Recall: Cannondale Carbon Cranksets
Cannondale said it is recalling about 2,900 bicycles with carbon cranksets due to fall hazard…
Esprit’s Harris-Jensbach Joins PUMA’s Board
PUMA announced a change in the board of management: Melody Harris-Jensbach, previously International Product Director Women at Esprit responsible for the global business division Woman’s Casual, will be appointed Member of the PUMA Board of Management on
Under Armour Announces New Distributor for Benelux Region
Under Armour has signed an agreement with Unlimited Sports Group (USG), an integrated wholesale and retail organization, to manage the distribution of Under Armour products to Belgium, the Netherlands and Luxembourg…
Callaway Announces $100 Million Stock Buyback
Callaway Golf Company announced that its Board of Directors has authorized the company to repurchase up to $100 million of the company's common stock in open market or in private transactions…
Study: Online Product Information Drives Customer Loyalty
Shoppers are more likely to return to websites and shop in physical stores of retailers that provide complete product information online, according to a new study conducted for WebCollage. Additionally, the study indicates that retailers that do not prov
Blacks Leisure CEO to Step Down
Blacks Leisure, the United Kingdom outdoor chain, announced its chief executive Russell Hardy will step down “by mutual agreement.” It also announced it had appointed advisers to carry out a review of its strategic options for boardwear chain Freespirit..
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