Target’s May Comps Climb

Target Corporation reported that its net retail sales for the four weeks ended May 26, were $5.04 billion, an increase of 5.0 percent from $4.8 billion for the four weeks ended May 28, 2011. On this same basis, May comparable-store sales increased 4.4 per

Saks Comps Up 4 Percent in May

Saks Incorporated announced that comparable store sales increased 4.0 percent in May. Owned sales totaled $215.8 million for the four weeks ended May 26, compared to $208.2 million for the four weeks ended May 28, 2011, a 3.7 percent increase…

TJX Sees Comps Jump 8 Percent During May

The TJX Companies, Inc. reported that sales for the four-week period ended May 26 were $1.9 billion, up 10 percent over the $1.7 billion achieved during the four-week period ended May 28, 2011. Consolidated comparable store sales for the four-week period

Patagonia Discloses Recent Financial Results

Patagonia had sales of $540 million in the twelve months ended in April, up more than 30 percent from the same period a year earlier, according to a report in the Seattle Times. The article also disclosed that…

Nike to Divest Cole Haan and Umbro

Nike, Inc. announced its intention to divest two of its wholly-owned affiliate brands – Cole Haan and Umbro – to sharpen its focus on driving growth in the Nike, Jordan, Converse and Hurley brands. The process of divesting these two businesses will begin

Dick’s SG To Open Run Specialty Concept

Dick's Sporting Goods announced plans to open a specialty running retail store, True Runner. The new store, located in the Shadyside section of Pittsburgh, will cater to running enthusiasts with best-in-class footwear, apparel, accessories and exper

Domestic Textile Lobby Names Unifi CEO Chairman

William L. Jasper, chairman of the Board and CEO of Unifi, Inc. was elected to serve a second term as chairman during the National Council of Textile Organizations’ (NCTO) ninth annual meeting in mid May. NCTO regularly faces off with sporting goods

Golfsmith Opens Store in San Antonio

The nation’s largest specialty golf retailer is swinging into San Antonio and opening the area’s largest experiential retail golf store. The newest Golfsmith location measuring 30,400 square foot facility is Golfsmith’s 12th Texas store