Costco’s Comps Jump 11 Percent in November
Costco Wholesale Corporation reported net sales of $7.51 billion for the four weeks ended Nov. 27, an increase of 11 percent from $6.78 billion during the similar four-week period last year…
Kohl’s November Same-Store Sales Fall 6.2 Percent
Kohl's Corporation reported that total sales for the four-week month ended November 26 decreased 4.5 percent to $1.93 billion and comparable store sales decreased 6.2 percent from the four-week month ended November 27, 2010…
Big City Mountaineers Adds Three Directors
Big City Mountaineers (BCM) added Nate Simmons, Michael Leming and Carol Sweasy to its board of directors…
Vail Resorts Narrows Focus of Lodging Business
Vail Resorts will no longer add new RockResorts managed properties outside of the six mountain resorts where it already operates due to difficult conditions in the real estate market. Instead it will focus on expanding operations at existing resorts and w
PayPal Data Show Mobile Payments Rose Five Fold Thanksgiving Day
Mobile payment on PayPals network rose five-fold (511%) on Thanksgiving Day compared to Thanksgiving 2010, according to a Nov. 24 post on the company’s blog. The number of customers making such payments rose 350 percent…
Shaquille O’Neal Looking to Redevelop Shoe Line
Shaquille O’Neal, who retired from the NBA last year, has hired Mary Gleason, who ran the Starter collection for Nike, to help revamp his Shaq-branded footwear and apparel…
Perry Ellis Initiates Stock Buyback Plan
Perry Ellis said that its board has approved a $20 million increase to the company's stock repurchase program…
Washington State Parks Girds for Budget Shortfall
The Washington State Parks and Recreation Commission is preparing to dramatically cut costs, change short-term service levels and become more self sufficient as part of a strategy to prepare for a budget gap as high as $30 million. The changes comes as th
Amer Sports Completes Share Repurchase
Amer Sports Corporation has completed the repurchases of 3 million of its own shares as announced on Aug. 15, 2011…
DSW Hikes Fiscal Year Guidance After Solid Third Quarter Performance…
DSW Inc. reported third quarter earnings, adjusted for the impact of its merger with its largest shareholder, Retail Ventures Inc., and related items, reached $39.8 million, or 88 cents per share, representing a gain of 12.1 percent compared with adjusted
Collective Brands Sees Payless Struggle Again in Q3 But Wholesale Brands Surge…
Collective Brands Inc. reported a loss of $114.3 million, or $1.91 a share, in the third quarter after charges totaling $151.4 million for lease termination costs and tax valuation reappraisals tied to its Payless division. Adjusted net earnings were $37.
Dick’s SG Reveals Plans for Arizona Distribution Center
Dick's Sporting Goods, Inc. announced plans to construct a distribution center in Goodyear, Ariz., that will service the western United States and is expected to bring approximately 120 jobs to the area when business opens in early 2013. Local real e
NSAA Appoints Education/Conference Director
The National Ski Areas Association (NSAA) announced the appointment of ski industry veteran Wenda Huseman to fulfill a newly created role directing the Association’s education and conference initiatives…
ComScore: Black Friday Online Spending Up 26 Percent
ComScore reported U.S. retail e-commerce spending for the first 25 days of the November – December 2011 holiday season increased 15 percent to $12.7 billion. Black Friday (November 25) saw $816 million in online sales, making it the heaviest online spendi
Power Balance Files for Bankruptcy Protection
Power Balance LLC, the maker of Power Balance bracelets worn by NBA players and celebrities, filed for bankruptcy protection in federal court in Santa Ana, CA. The filing is the result of numerous lawsuits that allege misleading advertising about the holo
