Kohl’s Acquires 31 Mervyns Locations
Kohl’s Corporation prevailed in a joint bid with Forever 21, Inc. in an auction of leaseholds held yesterday for Mervyns sites. Together, the retailers acquired 46 locations for approximately $6.25 million. Kohl’s will assume 31 of the locations while For
Marc Ecko Looking to Buy MMA Properties
According to iguillotine.com, Marc Ecko Enterprises is the leading bidder for ProElite, Inc., which produces MMA shows and owns the EliteXC MMA brand. The article claims MEE hopes to inherit ProElite’s television contracts with both CBS and Showtime…
Gander Mountain Swings to Third Quarter Profit
Gander Mountain Company reported sales of $269.9 million for the quarter ended Nov. 1, 2008, an increase of 4% over the prior year period. Comparable store sales decreased 6.5%. Net income for the third quarter was $770,000, or 3 cents per share, compared
Burton Relocates Brands to Vermont
Burton has begun transitioning The Program, which includes snowboard brands Forum, Special Blend and Foursquare, from its Irvine, CA offices to Burton’s Vermont headquarters. The company said the transition will be complete by early February and will allo
First Shoebox Opened in Asia
NexCen Brands, Inc. opened its first international Shoebox New York store in Hanoi, Vietnam. The store held its grand opening on November 28th with a traditional ribbon cutting ceremony. In the first three days following the opening, Shoebox New York sold
Wal-Mart U.S. Sales Rise 6.5% in November
Sales rose 6.5% and 1.4% at U.S. Wal-Mart and Sam’s Club stores for the four weeks ended Nov. 28, 2008, on comp store gains (excluding fuel) of 3.4% and 3.5% respectively. However, a stronger dollar caused the discounter’s international sales to decline 1
Dillard’s Sees Comps, Total Sales Fall in November
Dillard’s, Inc. merchandise sales for the four weeks ended Nov. 29, 2008 were $505.8 million compared to sales for the four weeks ended Dec. 1, 2007 of $559.2. Total sales decreased 10%. Sales in comparable stores decreased 9% for the four-week period. Sa
Neiman Marcus’ November Comps Fall 11.9%
Neiman Marcus, Inc. reported total revenues dropped 10.2% in November to $324 million from $360 million a year ago. Comps dropped 11.9%…
Kohl’s November Comps Tumble 17.5%
Kohl’s Corporation reported sales for the four-week month ended November 29, decreased 13.7% to $1,74 billion from $2.02 billion a year ago. On a comparable store basis, sales decreased 17.5%…
Target’s November Comps Slide 10.4%
Target Corporation's sales for the four weeks ended November 29, 2008 decreased 6.1% to $5.6 billion from $5.97 billion. Comps declined 10.4%. Sales results were unfavorably impacted by the loss of seven post-Thanksgiving holiday shopping days compar
Billabong Cuts EPS Forecast on Weakening US Sales
Billabong International Limited nearly halved its guidance on EPS growth for fiscal 2008-09, citing further deterioration in consumer sales, primarily in the United States. The world's largest publicly traded surf company said forward orders remain g
Nordstrom’s Fined Over Kid’s Hoodies
Nordstrom Inc. has agreed to pay a $60,000 civil penalty to settle allegations that it knowingly failed to report to the Consumer Product Safety Commission immediately, as required by federal law, that its children's hooded jackets and sweaters were
Sportsman’s Warehouse HQ Likely to Remain in Utah
The Canadian agricultural co-op that has signed an MOU to buy Utah-based Sportsman's Warehouse expects to eventually combine the chain with a Canadian chain it bought earlier this year under a single brand, according to a report by New West. Expansio
Genesco Third Quarter Results In Line With Adjusted Guidance
Genesco Inc. said its results for the third quarter reflected solid performances at Journeys, Hat World and Dockers, partially offset by challenges at Johnston & Murphy. The company ended the quarter with 4% less inventory, thanks to solid back-to-school
FGXI Acquires Dioptics Medical Products
FGX International has acquired Dioptics Medical Products, Inc., a privately held company located in San Luis Obispo, CA. Dioptics is engaged in the wholesale and retail sales of sunglasses and optical accessories primarily marketed under the SolarShield a
