Ross Ups Guidance on 8% Comps Growth
Discounter Ross Stores Inc. upped its earnings per share guidance for the 13 weeks ending August 2, 2008 after reporting sales and comp store growth of 15% and 8% respectively for the five weeks ended July 5. Dresses, Accessories and Shoes remained the st
Neiman Marcus June Comps Slide 2.4%
Neiman Marcus, Inc. reported June comps slid 2.4%. Total sales slipped 1.1% to $401 million from $406 million. In the five-week June period, comparable revenues in the Specialty Retail Stores segment, which includes Neiman Marcus Stores and Bergdorf Goodm
NexCen Receives Nasdaq Deficiency Letter
On July 8, 2008, NexCen Brands, Inc. received a Nasdaq Staff Deficiency letter indicating that, for the last 30 consecutive business days, the bid price for the ompany’s common stock has closed below the minimum $1.00 per share requirement for continued l
Lotto: 2007 Sales Turnover +8%
Lotto Sport Italia S.p.A., the leading Italian company in the production and distribution of sports footwear, clothing and accessories, closes 2007 with total sales of 300 million euro ($411 million) and 8% growth, compared with 2006…
Hincapie Sportwear Hires New Design Director
Hincapie Sportswear, Inc. has hired Nikole Rock as its new Director of Design & Development. Rock will be responsible for all aspects of design, development and sourcing of the Hincapie retail apparel line…
Bakers Reports 10.4% Comp Gain
Bakers Footwear Group, Inc. comparable store sales increased 10.4% for the five-week period ended July 5. That compares with a decrease of 20.2% for the five-week period ended July 7, 2007. Net sales for June 2008 increased 7.3% to $16.6 million…
Apparel Execs Sought for Export Advisory Group
U.S. apparel and textile leaders have until Aug. 5 to apply for a position on the Exporters' Textile Advisory Committee. The Committee consists of approximately 35 members appointed by the Secretary of Commerce to ensure a balanced representation of
Sports Direct Sees Tough Year Ahead
Sports Direct International Plc, the U.K. discount sports retailer, reported a 29.9% slump in full-year underlying earnings. It also said that with current trading conditions the worst it has experienced in a quarter of a century, it does not expect earni
Jackson Kayaks to be Featured on MSNBC
Jackson Kayak Founder and President Eric “EJ” Jackson will be featured on an upcoming episode of MSNBC’s “Your Business,” which focuses on America’s small business entrepreneurs…
Wal-Mart Comps Rise 5.8% on Strong International Growth
Wal-Mart Store Inc. reported consolidated comparable store sales grew 5.8% for the five weeks ended July 4, not including fuel. The number rose to 6.4% when including fuel sales. The strong organic growth contributed to an 11.5% increase in consolidated s
Lowa Names Southeast Rep Agency
Lowa Boots the U.S., announced the appointment of Rep First sales agency to manage the company’s Southeast territory. David Ripley, Greg Fischer, and Jim Screven will oversee LOWA’s sales and marketing efforts in Virginia, West Virginia, North Carolina, S
Dillard’s Five-Week Comps Drop 5%
Dillard's said its comp sales fell 5% in the five-week period ended July 5 on a 4% decline in sales to $593.3 million. The department store retailer said sales were trending above average in the Central region and slightly below average in the Easter
Michigan Univ. Cancels Steve and Barry’s Contract
The University of Michigan canceled its license for Steve & Barry's to make apparel under the college's name and logo. The report comes as news reports indicate that Steve & Barry's may file for Chapter 11 protection this week. Late last mo
Brunswick Comments on Debt Downgrade
Brunswick Corporation issued a statement in response to Standard & Poor's lowering it's corporate credit rating on Brunswick from BBB- to BB+. The company said it does not expect “any significant effect on Brunswick. Both our strong balance shee
Target to Launch Shaun White Collection
Target is introducing a limited-time apparel line dubbed “Shaun White for Target” on July 27. White is an Olympic gold medalist in snowboarding and a skateboard competitor, and is known as the “Flying Tomato” because of his red hair. Described by White as
