Wal-Mart’s May Comps Climb 4.4%
Wal-Mart Stores, Inc. reported total comparable store sales rose 3.9%. Comps rose 4% at the Wal-Mart chain and 3.6% at Sam's Club. Comparable store sales in the Wal-Mart U.S. segment during the four-week May period were strong in grocery, health and
West 49 Sees 8.1% Q1 Comp Decline
West 49 Inc., the Canadian action sports chain, reported first quarter revenues fell 5.1% to $38.9 million ($38.1 million) from $41 million (40.2 million). Comparable store sales were down 8.1% on a consolidated basis and down 7.4% for the core West 49 ba
Dillard’s Comps Decline 7% in May
Dillard’s, Inc. announced that sales for the four weeks ended May 31, fell 5% to $499.7 million from $527.9 million. Comps decreased 7% for the four-week period. Sales of cosmetics and shoes were significantly above trend while sales in the home and furni
Suunto Partners with Runner’s World
Suunto is planning a series of grassroots events at running specialty stores through a new partnership with Runner’s World Magazine. The program targets seven key regions – Texas, California, New York City Metro, Atlanta Metro, Seattle, Chicago and Florid
BJ’s May Comps Rise 13.4% on Gas Boost
BJ’s Wholesale Club, Inc. saw net sales increase by 15.9% to $824.3 million from $711.0 million in May 2007. On a comparable club basis, sales for May 2008 increased by 13.4%, including a contribution from sales of gasoline worth 6.6%…
TJX Comps Increase 2% in May
The TJX Companies, Inc. reported a 6% rise in net sales for the month of May to $1.45 billion from $1.37 billion last year. For the year-to-date period, sales reached $5.9 billion, up 6% over the $5.5 billion achieved during the year-ago period. Consolida
New Balance Restructures Lifestyle Unit
New Balance Athletic Shoe, Inc. recently restructured its Lifestyle category. The restructuring included the promotion of Joe Casagrande to General Manager, Lifestyle and the hiring of Steve Gardner, Strategic Business Unit Manager, Lifestyle…
Vail Resorts Reports 5.5% Rise in Mountain Revenue
Vail Resorts, Inc. reported that Mountain revenue increased $17.0 million, or 5.5%, in the third quarter of fiscal 2008 to $325.7 million from $308.7 million for the same quarter last fiscal year. Mountain operating expense increased $4.8 million, or 3.1%
Target May Comps Slip 0.7%
Target Corporation net sales increased 5.5% in May to $4.564 million from $4,325 million for the four weeks ended June 2, 2007. On this same basis, May comparable store sales decreased 0.7%…
J.C. Penney Reports 4.4% Decline in May Comps
J. C. Penney Company, Inc. reported a 4.4% decrease in comparable store sales for fiscal May, which was in line with guidance for sales to decrease mid-single digits and compared to a 0.9% decrease last year. Total sales in May decreased 2.4% to $1.34 bil
Chicago Among Four Finalists to Host 2016 Olympics
The International Olympic Committee has shortened the list of possible host cities for the 2016 Olympics to four: Chicago (USA), Tokyo (Japan), Rio de Janeiro (Brazil), and Madrid (Spain). The candidate cities were accepted unanimously from seven applican
American Capital Strategies Downgraded by Zacks
Zacks.com said it lowered its rating on the shares of American Capital Strategies, Ltd., a publicly traded buy out firm that owns Confluence Watersports and dozens of other companies. Zacks said it downgraded ACAS to a “Hold” from a “Buy” after the compan
Sports Chalet Enters Sponsorship Deal With Lakers
Sport Chalet, Inc. has signed a three year exclusive sponsorship agreement with the Los Angeles Lakers. The deal makes Sport Chalet the “Official Sporting Goods Retailer of the Los Angeles Lakers” starting with the 2008–09 season and running through 2011.
TaylorMade and Nickent Golf Reach Settlement
TaylorMade-adidas Golf Company and Nickent Golf reached a settlement concerning claims made by Nickent in print and television advertising and on its website.TaylorMade filed the lawsuit against Nickent in response to claims made in Nickent's recent
Columbia To Open Brand Stores in Seattle
Columbia Sportswear Company said it is redeveloping a block of prime downtown Seattle real estate into two new, side-by-side Columbia and Mountain Hardwear branded retail stores slated to open in late fall 2008…
