SGB Update Apparel
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
Stein Mart Comps September Comps Decrease 14.8%
Stein Mart, Inc. total sales for the fiscal period ended Oct. 4, 2008 were $112 million, a 11.9% decrease from FY07 September sales of $127.2 million. Comparable store sales decreased 14.8%…
Zumiez Sees Big Negative Swing in Comps
Action sports specialty retailer Zumiez Inc. said its comp stores sales declined 9.0% for the five-week period ended Oct. 4 compared to a 13.9% increase for the comparable period a year earlier. The company said total sales grew 4.8% to $33.6 million…
Dillard’s September Comps Decrease 12%
Dillard's, Inc. saw sales decrease 12% for the five weeks ended Oct. 4, 2008 from the same period last year on both a total and comparable store basis. Sales were $568.5 million compared to sales for the five weeks ended October 6, 2007 of $649.2 mi
Container Imports Forecast to Decline 6.5% this Year
Cargo volume at the nation’s major retail container ports is now expected to decline 6.5% in 2008 compared with 2007 as merchants carefully manage inventories in response to the nation’s slow economy, according to the monthly Port Tracker report released
Coleman Names New Sales VP
The Coleman Company Inc. has named Michael Bach VP of sales with responsibility for leading the field sales team and the food/drug and home channels. His team will focus on key accounts within mass, sporting goods and other specialty channels and expand t
K-Swiss Sponsors The Ford Ironman World Championship
K-Swiss will become the official run course sponsor for the Ford Ironman World Championship in Kailua-Kona, Hawaii, October 6-12. The event will feature seven world-class athletes representing K-Swiss U.S.A. and Australia. The brand will be hosting daily
New Era Re-launches Wear Your Cap to School Day
New Era Cap Co.'s 5th annual “Wear Your Cap to School Day” initiative will take place on Thursday, October 23rd. The nationwide program is dedicated to raising awareness and funds for children who have been diagnosed with and are being treated for ca
Isis Hires Field Representative
Isis has hired Pam Bates as the Isis field service representative. Bates will work closely with Isis retailers, the Isis sales staff as well as the Isis customer service and development team…
Cabela’s Cuts Corporate Workforce by 10%
Cabela's Inc. reduced its workforce approximately 10% at its corporate headquarters in Sidney, NE. The retailer expects approximately two-thirds of the reduction to come from leaving open positions vacant and one-third of the reduction to come from j
Credit Insurer Withdraws Coverage from JJB Sports
JJB Sports shares plummeted 27% on Tuesday after news emerged that a credit insurer refused to cover the company's suppliers due to the risk that JJB may be unable to pay them. The BBC reports that Coface, the insurance company in question, has confi
