Seventy percent of small retail businesses have raised prices to offset rising costs, 26% have added or increased shipping/handling costs, 20% have reduced other operating costs and 18% have renegotiated customer pricing agreements, according to a survey
Category: Apparel
Brunswick Accelerates Job Cuts, Plant Closures
Brunswick Corp. plans to accelerate its previously announced efforts to resize the company and to remove $300 million in fixed costs by the end of 2009. The company is taking the action in light of “extraordinary developments within the global financial m
RECALL: Outdoor Playset Gliders
The CPSC has recalled about 500 outdoor playset gliders made by Backyard Play Systems. Some of the gliders were shipped with assembly instructions that did not inform consumers to tighten all lock nuts during assembly, including those attached by the manu
TJX’s Comps Slide 1%, Lowers Guidance
The TJX Cos., Inc. reported sales rose 3% in the five weeks ended October 4, to $1.78 billion. Comps decreased 1%. The company is lowering its guidance for third quarter earnings per share from continuing operations to the range of 55 cents to 58 cents pr
BJ’s September Comps Climb 10.4%
BJ’s Wholesale Club, Inc. reported comps during September climbed 10.4%. Excluding gasoline sales, merchandise comps were ahead 5.6%. Total sales advanced 11.8% to $892.8 million from $798.9 million…
West Marine Reports 4.7% Drop in Q3 Comps
West Marine, Inc. reported net sales for the third quarter ended Sept. 27, 2008 declined 4.4%, from the same period a year ago. The retailer attributed the decline primarily to a 4.7% decrease in comparable store sales…
Dillard’s September Comps Decrease 12%
Dillard's, Inc. saw sales decrease 12% for the five weeks ended Oct. 4, 2008 from the same period last year on both a total and comparable store basis. Sales were $568.5 million compared to sales for the five weeks ended October 6, 2007 of $649.2 mi
Brown Shoe Cuts Q3 Guidance on Weaker Famous Footwear
Brown Shoe Co cut its third-quarter outlook due to disappointing sales at its Famous Footwear unit. Third-quarter earnings are now expected to range between 17 cents to 20 cents a share, including costs of 22 cents a share tied to moving its Madison, Wisc
Rangel Calls for Monitoring of Chinese Apparel Imports
House Ways and Means Chairman Charlie Rangel (D-NY) has asked the International Trade Commission (ITC) to monitor and collect data on apparel imports from China. Rangel's staff stressed that he has not yet opted to ask for a Section 421 safeguard inv
Rip Curl Pulls Trigger on European Warehouse
Rip Curl, an Australian surf and mountain sports brand, has hired the French copmany ProLogis to build a 137,000-square-foot warehouse in southwest France next year to distribute Rip Curl's products to European retailers…
Neiman Marcus September Comps Fall 12.9%
Revenues for Neiman Marcus Inc. for the five weeks ended Oct. 4 were $415 million, an 11% decrease from the $466 million reported for the year-ago period. Same store sales for the retailer dropped 12.9% from $466 million in the year-ago period to $406 mil
Stein Mart Comps September Comps Decrease 14.8%
Stein Mart, Inc. total sales for the fiscal period ended Oct. 4, 2008 were $112 million, a 11.9% decrease from FY07 September sales of $127.2 million. Comparable store sales decreased 14.8%…
Zumiez Sees Big Negative Swing in Comps
Action sports specialty retailer Zumiez Inc. said its comp stores sales declined 9.0% for the five-week period ended Oct. 4 compared to a 13.9% increase for the comparable period a year earlier. The company said total sales grew 4.8% to $33.6 million…
Coleman Names New Sales VP
The Coleman Company Inc. has named Michael Bach VP of sales with responsibility for leading the field sales team and the food/drug and home channels. His team will focus on key accounts within mass, sporting goods and other specialty channels and expand t
K-Swiss Sponsors The Ford Ironman World Championship
K-Swiss will become the official run course sponsor for the Ford Ironman World Championship in Kailua-Kona, Hawaii, October 6-12. The event will feature seven world-class athletes representing K-Swiss U.S.A. and Australia. The brand will be hosting daily
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