SGB Executive

May Comps Decline 3.8% at May Department Stores

The May Department Stores preliminary net sales were $978 million for the four-week period ended May 29, 2004, a 2.7% decrease from $1.01 billion in the similar period last year. Store-for-store sales decreased 3.8%. Store-for-store sales for the month o

Payless May Comps Increase 3.9%

Payless ShoeSource same-store sales increased 3.9% during the May reporting period, the four weeks ended May 29, 2004. Company sales totaled $246.7 million, a 4.3 percent increase from $236.5 million during fiscal May of last year…

Ross Stores Posts 1.0% Comp Store Decline

Ross Stores sales were $319 million for the four weeks ended May 29, 2004, an 8% increase above the $296 million in sales for the four weeks ended May 31, 2003. Comparable store sales for the month declined 1% from the prior year, in line with the Company

Yue Yuen Closer to Providing One-Stop-Shopping for Vendors…

Yue Yuen is moving beyond footwear and apparel and into bags and accessories. The Taiwan based manufacturer has acquired a 30% stake in Prosperous Industrial Holdings Limited, an OEM/ODM manufacturer of sports bags, luggage, golf bags, hand bags and trave

Currency FX Rates Limit Rossignol’s Full Year Sales…

Rossignol closed the books on the company’s 2004 fiscal year, which ended in March. The group showed a 1.1% decline in sales when measured in Euros, down from €484.9 million ($482.0 mm) in 2003 to €479.4 million ($563.7 mm) for the past year. With over ha

Perry Ellis Puts on Swimwear Push…

Perry Ellis International reported that Q1 net income profit jumped 46% to $8.2 million for the quarter. EPS was up 11.3% to 89 cents per diluted share. Total revenue surged 82.4% to $197 million from $108 million in the year-ago period. Gross margin i

U.K. Labor Organizations Target Sporting Goods Vendors in Europe…

The international labor organizations, Oxfam, Trade Union Congress (TUC) and Labor Behind the Label recently launched a campaign called “Play Fair at the Olympics.” The campaign singles out sportswear manufacturers – particularly Puma – for cutting corne

Currency FX Rates Limit Rossignol’s Full Year Sales…

Rossignol closed the books on the company’s 2004 fiscal year, which ended in March, reporting a 1.1% decline in sales when measured in Euros, down from €484.9 million ($482.0 mm) in 2003 to €479.4 million ($563.7 mm) for the past year. With over half of i

Cowboys and JC Penney End Deal on Push for More Commitment…

The Dallas Cowboys, the only NFL team that opted to handle development and sales of its own team softgoods merchandise when the league did the exclusive deal with Reebok, will apparently let its exclusive retail deal with JC Penney expire at the end of it

Outlast Acquires Frisby Assets; Litigation Continues…

After nearly three years of legal battles over patent infringement between Outlast Technologies and Frisby Technologies over the rights to “Phase Change Materials”, Outlast has bought substantially all of the assets of its competitor…

Sport Chalet Gets Comfy Up North…

Sport Chalet pointed to “more seasonable” winter weather at the resorts frequented by their customers as well as an “improved economic climate” for a strong fourth quarter that finished off a turnaround year for the 31 store chain based outside Los Angele