SGB Update Apparel
Ross Stores Lowers Guidance as Comps Fall
Ross Stores, Inc. saw sales of $561 million for the five weeks ended Oct. 4, 2008, a 5% increase over the $537 million in sales for the five weeks ended Oct. 6, 2007. Same store sales for the five weeks ended Oct. 4, 2008 declined 2% compared to sales dur
Grenade Gloves Hires New Sales Manager
Grenade Gloves hired Marty Carrigan as West regional sales manager. Carrigan comes to the company with an extensive background in equipment, apparel and accessories for the action sports industry, with a heavy emphasis on winter sports. He earned a degree
Small Retailers Raising Prices to Recoup Costs
Seventy percent of small retail businesses have raised prices to offset rising costs, 26% have added or increased shipping/handling costs, 20% have reduced other operating costs and 18% have renegotiated customer pricing agreements, according to a survey
Brunswick Accelerates Job Cuts, Plant Closures
Brunswick Corp. plans to accelerate its previously announced efforts to resize the company and to remove $300 million in fixed costs by the end of 2009. The company is taking the action in light of “extraordinary developments within the global financial m
RECALL: Outdoor Playset Gliders
The CPSC has recalled about 500 outdoor playset gliders made by Backyard Play Systems. Some of the gliders were shipped with assembly instructions that did not inform consumers to tighten all lock nuts during assembly, including those attached by the manu
TJX’s Comps Slide 1%, Lowers Guidance
The TJX Cos., Inc. reported sales rose 3% in the five weeks ended October 4, to $1.78 billion. Comps decreased 1%. The company is lowering its guidance for third quarter earnings per share from continuing operations to the range of 55 cents to 58 cents pr
BJ’s September Comps Climb 10.4%
BJ’s Wholesale Club, Inc. reported comps during September climbed 10.4%. Excluding gasoline sales, merchandise comps were ahead 5.6%. Total sales advanced 11.8% to $892.8 million from $798.9 million…
West Marine Reports 4.7% Drop in Q3 Comps
West Marine, Inc. reported net sales for the third quarter ended Sept. 27, 2008 declined 4.4%, from the same period a year ago. The retailer attributed the decline primarily to a 4.7% decrease in comparable store sales…
Gottschalks September Comps Fall 11.8%
Gottschalks Inc. saw same store sales for the month of September decrease 11.8% from the prior year. Total sales for the five-week period decreased 13.2% to $45.8 million compared to $52.8 million in the same period of fiscal 2007. On a year-to-date basis
The Buckle Posts 19.7% Comps Gain in September
The Buckle Inc. said its same-store net sales for the five-week period ended Oct. 4, 2008, increased 19.7% from comp store net sales for the year earlier period ending Oct. 6, 2007. Net sales for the five-week fiscal month increased 26.2% to $72.8 million
Stage Stores Points to Hurricanes as September Comps Fall 13.6%
Stage Stores, Inc. reported that its total sales for the five week September period ended Oct. 4 decreased 9.6% to $115.5 million from $127.8 million in the prior year five week period. Comparable store sales decreased 13.6% versus an increase of 2.3% las
Brown Shoe Cuts Q3 Guidance on Weaker Famous Footwear
Brown Shoe Co cut its third-quarter outlook due to disappointing sales at its Famous Footwear unit. Third-quarter earnings are now expected to range between 17 cents to 20 cents a share, including costs of 22 cents a share tied to moving its Madison, Wisc
Rangel Calls for Monitoring of Chinese Apparel Imports
House Ways and Means Chairman Charlie Rangel (D-NY) has asked the International Trade Commission (ITC) to monitor and collect data on apparel imports from China. Rangel's staff stressed that he has not yet opted to ask for a Section 421 safeguard inv
Rip Curl Pulls Trigger on European Warehouse
Rip Curl, an Australian surf and mountain sports brand, has hired the French copmany ProLogis to build a 137,000-square-foot warehouse in southwest France next year to distribute Rip Curl's products to European retailers…
Neiman Marcus September Comps Fall 12.9%
Revenues for Neiman Marcus Inc. for the five weeks ended Oct. 4 were $415 million, an 11% decrease from the $466 million reported for the year-ago period. Same store sales for the retailer dropped 12.9% from $466 million in the year-ago period to $406 mil
