Category: Apparel

Layoffs at Brown Shoe and Macy’s

February 9, 2009 SGB Update

Macy's Inc. and Brown Shoe Co. joined a number of companies announcing major layoffs to streamline operations in the face of the recession. Macy's plans to cut 7,000 jobs, or 4% of its workforce, while Brown Shoe, the parent of Famous Footwear,

Court at Odds with CPSC on Safety Act Provisions

February 9, 2009 SGB Update

The U.S. Consumer Product Safety Commission issued a one year “Stay on Enforcement” for the submission of “Testing and Certification” of compliance with the new lead and phthalates laws. The CPSC said it would not require Testing and Certification on prod

Sport Chalet Reviews Strategic Alternatives

February 9, 2009 SGB Update

Sport Chalet, Inc. is evaluating strategic alternatives, including raising additional capital and amending or replacing its current credit facility. This includes retaining Wedbush Morgan Securities as its financial adviser in this process. In a press re

LaCrosse FW Q4 Net Halved on Higher Expenses

February 9, 2009 SGB Update

LaCrosse Footwear, Inc. reported consolidated net sales of $35.1 million for the 2008 fourth quarter, up 8% from $32.7 million in the fourth quarter of 2007. For the full year 2008, consolidated net sales were $128.0 million, up 8% from $118.2 million in

National Golf Rounds Played Drops 6.8% in December

February 9, 2009 SGB Update

The Golf Datatech National Golf Rounds Played Report showed that in December, golf rounds played varied vastly between regions, with participation in the Pacific, Mountain, East North Central, South Atlantic and South Central regions decreasing and partic

Tech Attributes Still King in Outdoor Apparel

February 9, 2009 SGB Update

Partnerships between leading outdoor technical apparel brands and manufacturers of technical fabrics continue to bring innovation to outdoor specialty retailers, but retailers want vendors to keep lifestyle in mind as well when developing new products. Ne

January Comps Decrease Slightly for Target

February 5, 2009 SGB Update

Target Corporation reported that its net retail sales for the four weeks ended Jan. 31, 2009 increased 0.8% to $4,138 million from $4,106 million for the four weeks ended Feb. 2, 2008. On this same basis, January comparable-store sales declined 3.3%…

TJX Co.’s Reports 4% Decline in January Comps

February 5, 2009 SGB Update

The TJX Companies, Inc. saw a 6% decline in net sales for fiscal January to $1.0 billion, down from the $1.1 billion achieved last year. For the 52 weeks ended January 31, 2009, sales reached $18.7 billion, up 2% from the $18.4 billion achieved during the

Costco Comps Slip 2% in January

February 5, 2009 SGB Update

Costco Wholesale Corporation reported net sales of $5.10 billion for the month of January, down 0.2% from $5.11 billion for the same period last year. Comparable store sales for the month declined 2.0% after an increase of 7.0% last year. For the first tw

Stage Stores January Comps Fall 13.1%

February 5, 2009 SGB Update

Stage Stores, Inc. said total sales for the four-week period ended Jan. 31, 2009 decreased 9.4% to $74.4 million from $82.1 million in the prior year four week period ended Feb. 2, 2008. Comparable store sales for the month decreased 13.1% versus an incre

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