Ross Stores Feb Comps Fall 3.0%
Ross Stores, Inc. reported sales of $243 million for the four weeks ended March 1, 2003, a 7% increase above the $227 million for the four weeks ended March 2, 2002. Comparable store sales for the four week period fell 3% compared to a 13% increase in sam
Payless February Same-Store Sales Inch Up 0.4%
Payless ShoeSource, Inc. reported that same-store sales decreased 0.6% during the February reporting period, the four weeks ended March 1, 2003. Company sales totaled $175.3 million, a 0.4% increase from $174.6 million during fiscal February of last year
May Company February Comps Decrease 8.9%
The May Department Stores Company reported preliminary net sales of $846 million for the four-week period ended March 1, 2003, a 7.5% decrease from $914 million in the similar four-week period last year. Store-for-store sales decreased 8.9%…
Federated February Same-Store Sales Down 6.8%
Federated Department Stores, Inc. reported total sales of $985 million for the four weeks ended March 1, 2003. This represents a decrease of 6.0% from total sales of $1.048 billion for the same period last year. On a same-store basis, Federated's Fe
Value City February Comps Decrease 12.1%
Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company's same store sales decreased 12.1% for the four
Benneton Unloads Rollerblade Unit to Tecnica
Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…
Kellwood Elects Ruzow and Weaver Corporate VPs
The Kellwood Board of Directors meeting elected Stephen L. Ruzow and Donna B. Weaver corporate vice presidents. Ruzow joined Kellwood as president of Kellwood Womenswear in 2001. Donna B. Weaver was named vice president corporate communications in 2002..
Costco Fiscal Q2 Profit Shrinks on 8% Sales Gain
Costco Wholesale Corporation announced net sales for the second quarter of fiscal 2003 increased 8% to $9.92 billion from $9.21 billion during the second quarter of fiscal 2002. Net income for the second quarter of fiscal 2003 decreased 5% to $182.1 milli
NSGA Report Shows Female Sneaker Purchase Decline
Although females continue to lead males as purchasers
of sports footwear, their lead decreased in 2002, according to data released by the National Sporting Goods Association (NSGA). For 2002, females purchased 53.1% of all sport footwear compared to 54.7%
TARE7 Appoints Nilson to Head Skateboard Division Sales
TARE7, owner of genetic airwalk skateboarding announced the appointment of Steve “Stix” Nilsen as the national sales manager of the genetic airwalk skateboarding division…
SGMA: Spending for Athletic Footwear Rose 2.5% in 2002
U.S. consumers purchased nearly 7% more pairs of athletic footwear in 2002 than in 2001, but the average price paid per pair fell by 4.2%. The result was that total spending rose only 2.5%, according to research by The NPD Group…
Puma Grows U.S. Business 70% in Q4…
Puma shares rose just 1.3% for the week after another extraordinary report on fourth quarter and full-year 2002 sales and profits. The limited rise in price was due no doubt to the fact that the stock rose 91% last year and the benefit this last week was
Nike Renews Monitoring Group Deal…
Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac
Brown Shoe Sees IMPACT of Initiatives…
Brown Shoe Company announced dramatically higher earnings for fiscal 2002 as a direct result of management’s turnaround initiatives. With the effects of nonrecurring gains and nonrecurring losses factored out, the company's earnings rose 56% for the
Creditor Takes Lead in Cannondale Bid…
Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…
