Macy’s Same-Store Sales Up 5.1 Percent in August
Macy’s, Inc. reported total sales of $1.8 billion for the four weeks ended August 25, an increase of 5.7 percent compared with total sales of $1.7 billion in the four weeks ended August 27, 2011. On a same-store basis, Macy’s, Inc. sales were
Kohl’s Comps Up 3.4 Percent in August
Kohl’s Corporation reported that for the four-week month ended August 25, total sales increased 5.3 percent and comparable store sales increased 3.4 percent over the year-ago . Year to date, total sales increased 1.1 percent and comparable store sal
Declining U.S. Sales, Strong Aussie Dollar Produce Flat FY’12 Sales at Globe Int’l
Globe International Limited, the Australian maker of apparel, footwear and skateboards, reported total revenues slipped 6.1 percent in the year ended June 30, as growth at home and in Europe failed to offset weaker sales in the United States and the effec
Billabong’s New CEO Unveils Turn Around Strategy
Three months after taking the helm at Billabong International Limited, Managing Director and CEO Launa Inman laid out plans to reduce SKUs by 15 percent this year and close 130 stores, but said returning Billabong to prior profitability levels will take u
RILA Urges Resolution Between East Coast Ports and Longshoreman
In light of the postponed negotiations between the International Longshoremen’s Association and the United States Maritime Alliance, Ltd., the Retail Industry Leaders Association (RILA) sent a letter, urging the two parties to continue negotiations
Bon-Ton Comps Up Slightly in August
The Bon-Ton Stores, Inc. announced comparable store sales in the four weeks ended August 25 increased 2.2 percent. Total sales increased 2.1 percent to $180.8 million in the current year compared with $177.1 million in the prior year period…
Stage Stores August Comps Up 6.5 Percent
Stage Stores, Inc. reported that total sales for the four week August period ended August 25 increased 9.6 percent to $124 million from $113 million in the prior year four week August period ended August 27, 2011. Comparable store sales for the August per
Target’s August Comps Climb 4.2 Percent
Target Corporation reported that its net retail sales for the four weeks ended August 25 were $5.5 million, an increase of 4.7 percent from $5.3 million for the year-ago period. August comparable-store sales increased 4.2 percent…
Sears Holdings to be Removed from SandP 500 Index
Standard & Poors is removing Sears Holdings Corp. from the S&P 500 Index at the close of trading Sept. 4 and replacing it with chemical and polymer maker LyondellBasell Industries NV. S&P said the move was made because “Sears' public float has been w
Clerical Workers Resume Labor Talks with West Coast Shipping Lines
Labor talks between the Office Clerical Union (OCU) at the ports of Long Beach and Los Angeles resumed at 1 pm Wednesday, averting a work stoppage that could have slowed the flow of 40 percent of the container goods imported to the United States from Asia
Cabela’s Announces Plans for Fourth Canadian Store
Cabela’s Incorporated will open a 50,000-square-foot store in Regina, Saskatchewan in fall 2013 or spring 2014, marking the company’s fourth location in Canada and second in Saskatchewan, where a store opened in May…
DPS Skis Hires Director for Europe
DPS Skis announced that Charlotte Ljungquist will join the company as managing director of Europe, reporting to DPS President Stephan Drake…
E-Bike Boom Bypasses Germany’s IBDs
Germany's indepedent bike dealers have been largely bypassed by the e-bike boom because they lack the finances and the space to stock and display the vehicles, according to a report released by the country's bicycle retailing association VDZ on
Illinois Enacts Law to Bolster Physical Education in Schools
A new Illinois law aims to strengthen physical education in the state's schools. Illinois Gov. Pat Quinn has signed a law that calls for the creation of an “Enhance Physical Education Task Force,” in an effort to improve the state's physical edu
Globe International Ltd. Turns in Flat FY 2012
Globe International Limited, an Australian maker of apparel, footwear and skateboards, reported net sales for the year slipped 6 percent to $AUD82.3 million ($85mm), mainly due to the strengthening of the Australian dollar. Sales in North America declined
