JJB Sports, the struggling U.K. sporting-goods chain, said recent poor sales mean it is likely to breach some banking covenants. Business conditions have been “extremely challenging” and sales have remained below forecasts since the company last updated i
Author: Thomas J. Ryan
Thomas J. Ryan
Senior Business Editor | SGB Media
tryan@sgbonline.com | 917.375.4699
Gildan’s Q4 Profits Climb 38% on 22% Revenue Gain
Gildan Activewear reported earnings for the fourth fiscal quarter ended Oct. 3, were U.S. $56.8 million, or 47 cents per share. Excluding a restructuring charge of one cent per share related to the consolidation of U.S. distribution activities, earnings
Macy’s November Comps Rise 6.1%
Macy's, Inc. reported total sales of $2.344 billion for the four weeks ended Nov. 27, an increase of 7.8% compared with total sales of $2.174 billion a year ago. On a same-store basis, Macy's, Inc. sales were up 6.1% in November…
FitnessKeeper Secures $1.1M in Financing
FitnessKeeper, the parent company of the RunKeeper smartphone app, has raised $1.11 million. The RunKeeper iPhone app uses GPS locating to track distance, time, elevation, pace and path…
Nordstrom’s Comps Grow 5.1%
Nordstrom, Inc. reported a 5.1% increase in same-store sales for the four-week period ended Nov. 27. Total sales of $815 million for November 2010 increased 8.8% compared with sales of $749 million for the same period in fiscal 2009…
Kohl’s November Comps Jump 8.1%
Kohl's Corporation reported November sales increased 8.1%. On a comparable store basis, November sales increased 6.1%. Year to date, total sales increased 7.5% and comparable store sales increased 4.7%…
J.C. Penney’s Comps Advance 9.2%
J. C. Penney Company, Inc. reported that its comparable store sales for the four-week period ended Nov. 27, increased 9.2% over last year. All divisions and regions experienced comparable store sales growth in November with shoes and men's apparel re
TJX’s Same-Store Sales Rise 3%
The TJX Companies, Inc. reported sales for the four-week period ended Nov. 27 were $2.0 billion, up 7% over the $1.8 billion achieved a year ago. Comparable store sales increased 3%…
Ross Stores Reports November Same Store Sales Gain of 6%
Ross Stores, Inc. reported that sales for the four weeks ended Nov. 27, increased 10% to $696 million from $635 million a year ago. Same store sales for the month rose 6% on top of an 8% gain in the prior year…
Neiman Marcus’ Comps Climb 5.5%
Neiman Marcus, Inc. reported same-store sales increased 5.5% in November…
Golf Rounds Played Jump 19.4% in October
According to Golf Datatech, rounds played in the U.S. were up 19.4% October 2010. Public access play was up 19.9% for the month and private course activity was up 17.8%…
Reebok to Sell NFL T-shirts Through Vending Machines
Reebok has partnered with San Francisco based automated retailer ZoomSystems to sell NFL gear through vending machines. This will mark the first time that ZoomSystems, which places vending machines in airports, military bases, resorts and shopping malls a
Authentic Brands Signs Licensing Deals for Silver Star and Iron Star
Authentic Brands Group announced long term, multi-million dollar deals today with multiple apparel and accessory licensees, and new international partners in the southern hemisphere for Silver Star Casting Company and Iron Star…
Fila Uses Real Women in Toning Apparel Campaign
Fila USA said it plans to feature real women as part of the launch campaign for the company's new Body Toning System fitness apparel collection. Original plans for the print and online campaign called for two professional models and one real woman, b
Hibbett Sports Adds Board Member
Hibbett Sports, Inc. announced that Jane Aggers has been appointed to the company's Board of Directors, bringing the Board's current membership to eight directors…
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