Saks Incorporated reported period that for the second quarter ended August 2, 2008, owned sales totaled $663.1 million compared to $687.9 million for the prior year second quarter ended August 4, 2007, a 3.6% decrease…
Category: Apparel
J.C. Penney’s Comps Drop 6.5%
J.C. Penney reported comparable store sales decreased 6.5% for July, compared with the company’s guidance for sales to decrease mid-single digits. In last year’s July period, comparable store sales increased 12%, largely driven by a calendar shift that mo
Finish Line Extends Sole Destination
The Finish Line, Inc. announced that it will extend its partnership with Soles4Souls, the international charity dedicated to providing free footwear to those in need, and will continue the national shoe trade-in program, “Sole Destination,” at all 697 Fin
Dorel’s Bike Business Jumps on Cannondale Acquisition
Dorel Industries Inc. reported that company-wide net revenues rose 29.3% to $593.7 million from $459.0 million for the same period a year ago. Net income for the second quarter ended June 30 was $31.3 million or 94 cents per diluted share compared to $10.
Deckers Posts 72.8% Q2 Sales Jump, But Teva Write-Down Hurts
Deckers Outdoor Corporation saw company-wide net sales jump 72.8% to $91.1 million versus $52.7 million last year. A write-down of Teva trademarks, however, caused the company to report a net loss of $3.8 million after net income of $2.3 million last year
Boscov’s Files for Bankruptcy
Boscov's Inc., the department-store chain based in Reading, PA, filed for Chapter 11 bankruptcy protection in Wilmington, Delaware, citing decreased consumer spending. The privately-held company will immediately close 10 of its 49 stores. The company
SGMA: Doha Round Meeting Fails
In a statement, the SGMA said that on July 29, after nine days of meetings in Geneva, Switzerland, trade ministers gave up on their efforts to forge a consensus on modalities for the Doha Round agricultural and non-agricultural market access (NAMA) negoti
Twins Enterprise Opens Flagship Store in Boston
Twins Enterprise, Inc. opened the doors of its new flagship company store on famed Newbury Street in Boston. The store, named ’47 for the year in which twin brothers Arthur and Henry D’Angelo founded Twins Enterprise, is located at 286 Newbury Street…
Grabber and RopeLok Partner
Grabber has inked an exclusive distribution partnership with RopeLok, the manufacturer of the No Knot RopeLok, a tie-down product with lever locking technology that eliminates the need for tying knots…
Iconix Reports Record Q2 Earnings
Iconix Brand Group reported a revenue of $51.7 million for the second fiscal quarter of 2008, a 32% increase from revenue results reported for the same quarter a year ago, earnings before interest, taxes, depreciation and amortization for the second quart
Modell’s Expands with New Stores in NJ and PA
Modell's Sporting Goods, the family-owned and operated retailer of sporting goods, sporting apparel, menswear and athletic footwear, has added two new stores to its northeast chain in New Jersey and Pennsylvania…
RECALL: Look Cycle KéO Bicycle Pedals
The U.S. Consumer Product Safety Commission, in cooperation with Look Cycle USA of San Jose, CA, announced a voluntary recall of KéO bicycle pedals. Consumers should stop using the pedals immediately unless otherwise instructed. It has been found that the
The North Face to Open Atlanta Store
The North Face plans to open its Atlanta store on Aug. 15. The 6,000-square-foot store in Buckhead is the company's 22nd retail location. It incorporates The North Face updated retail design, which features oversized graphics, concrete floors, wood a
Consumer Confidence Remains Weak
The Conference Board Consumer Confidence Index, which had declined in June, held steady in July. The Index now stands at 51.9 (1985=100), up slightly from 51.0 in June. The Present Situation Index was virtually unchanged at 65.3 versus 65.4 last month. Th
Mervyns LLC Files for Bankruptcy
Mervyns LLC filed for bankruptcy Tuesday, with the Northern California-based mid-tier department store chain planning to keep its 177 stores open while restructuring the retailer's debt and realigning business operations…
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