Triple Peaks and American Skiing Co. Settle Steamboat Suit
Triple Peaks and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agreed to
Operators Settle Suit Over Steamboat Sale
Triple Peaks, LLC and American Skiing Company have jointly announced the settlement of the lawsuit regarding the termination of the proposed 2002 sale of the Steamboat Ski Resort to Triple Peaks, LLC. In return for a cash settlement, Triple Peaks has agr
Sears Establishes New Retail President Role; Cosby Exits
Sears, Roebuck and Co. has established a new, expanded leadership position of President of Sears Retail. The new role reflects the next phase of the company's growth strategy, including Sears' recently announced accelerated expansion off-mall.
Footstar Sells California DC for $20 Million
Footstar, Inc. has entered into a definitive agreement to sell the Company's distribution center in Mira Loma, California and to outsource certain warehousing and distribution operations to support the ongoing needs of the Company's Meldisco div
Chris Smith and Specialized Part Ways
Recently, Specialized announced that Chris Smith would join their team as General Manager of Specialized USA. Mike Sinyard, the company's founder and president recently wrote a letter to his dealers stating that Chris and his family will not be maki
Schoeller Expands into Turkey
Switzerland’s Schoeller Textil AG will open its new sales office in the International Textile Center near Istanbul. Schoeller Turkey Ltd. guarantees a presence for the Swiss textile corporation and the ability to act quickly in Turkey, known to be one of
Longenecker Resigns from USCSA
Tim Longenecker, the Administrative Director for the U.S. Collegiate Ski & Snowboard Association has decided to resign after ten years of service. His involvement with the USCSA goes back to the early ‘80’s when he was competing in the league. He will be
BofA Inks Major Sponsorship Deal with Baseball Leagues
Bank of America is the first company to simultaneously sign national agreements with Major League Baseball Properties, Minor League Baseball and Little League Baseball, and positioning the company as the “Official Bank of Baseball” in a deal announced Thu
Callaway Acquires FrogTrader Used Club Partner
Callaway Golf Company has acquired all of the stock of FrogTrader, Inc., which had operated under the name Trade Up Commerce. FrogTrader has partnered with Callaway Golf and its participating retailers for the past two years to develop the Trade In! Trade
Neiman Marcus June Comps Jump 13.0%
The Neiman Marcus Group comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodman, increased 13.5%. Stores in the Southeast and West had the strongest sales results. Comparable revenues at Neiman
Payless June Comps Fall 1.0%
Payless ShoeSource, Inc. same-store sales decreased 1.0 percent during the June reporting period, the five weeks ended July 3, 2004. Company sales totaled $289.2 million, a 0.7 percent decrease from $291.3 million during fiscal June of last year. Same-sto
June Comps Climb 2.3% at Target
Target net retail sales for the five weeks ended July 3, 2004 increased 8.1% to $4.471 billion from $4.135 billion for the five-week period ended July 5, 2003. On this same basis, comparable-store sales increased 2.3% from fiscal June 2003. Total sales fr
June Comps Fall 4.0% at Ross Stores
Ross Stores reported sales of $381 million for the five weeks ended July 3, 2004, a 4% increase above the $367 million in sales for the five weeks ended July 5, 2003. Comparable store sales for the month of June declined 4% from the prior year…
May D.S. June Comps Rise 1.9%
The May Department Stores preliminary net sales were $1.16 billion for the five-week period ended July 3, 2004, a 2.5% increase from $1.13 billion in the similar period last year. Store-for-store sales increased 1.9%…
Sears June Comps off 3.1%
Sears June Sales fell 4.4% to $2.548 billion compared to $2.664 billion last year. Same store sales for the month of June fell 3.1%…
