SGB Update Apparel

State Stores Reports All Regions Had Positive Comps in February

Stage Stores, Inc. reported that its total sales for the four week February period ended Feb. 25, increased 7.1 percent to $101 million from $94 million in the prior year four week period ended Feb. 26, 2011. Comparable store sales increased 3.7 percent..

Stein Mart’s Sales Flatline in February

Stein Mart, Inc. eked out a 0.7 percent increase in comparable store sales in the four-week period ended Feb. 25 and reported total sales for the period reached $80.7 million, up 0.3 percent from $80.4 million in February…

Macy’s Same-Store Sales Rise 4.6 Percent in February

Macy's, Inc. reported total sales of $1.860 billion for the four weeks ended Feb. 25, 2012, an increase of 5.5 percent compared with total sales of $1.763 billion in the four weeks ended Feb. 26, 2011. On a same-store basis, Macy's, Inc. sales w

TJX Companies Rides Warm Weather to 9 Percent Comp Gain in Febrary

The TJX Companies, Inc. reported that strong demand for spring apparel helped power a 9 percent increase in comp sales at its stores in the four-week period ended Feb. 25, 2012. Total sales reached $1.6 billion, up 12% over the year earlier period…

Billabong Appoints Retail Advisor

Following its decision to decline a revised offer from TPG Capital to purchase the company for $3.30 per share, Billabong said it had appointed former Target Australia managing director Launa Inman as a retail advisor…

European Outdoor Brands Put Conservation Grants to Public Vote

With record numbers of applications this year for the European Outdoor Conservation Association’s (EOCA) funding round, the association is now asking the public to get involved in helping decide which conservation projects to support in 2012…

Club Ride Names Scott Montgomery CEO

Club Ride had hired longtime industry veteran Scott Montgomery as its new CEO and partner. Most recently, Montgomery started Scott Sports' bike division and turned it into a significant player in the US…

Wal-Mart to Source Bicycles from India’s Hero Cycles

Wal-Mart Stores Inc. has signed an agreement to buy bicycles from India’s Hero Cycles for its more than 10,000 stores around the globe. The deal, which will be administered by Hero's new Denver, CO. office, marks the first time the discounter h

Callaway Golf Appoints Chip Brewer as New CEO

Callaway Golf Company appointed Chip Brewer as president and chief executive officer of the company, effective March 5, 2012. Brewer has been with Adams Golf since 1998 and has served as its president and CEO since 2002. Tony Thornley, who has served as i

Bogs, Rafters Power Sales Growth at Weyco Group

Weyco Group, Inc. reported that its purchase of the parent company of Bogs and Rafters footwear boosted its net sales to $75 million in the fourth quarter ended Dec. 31, up 20 percent compared to fourth quarter 2010 sales of $62 million…