SGB Update Apparel
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%…
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
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…
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
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
180s Goes Live with CenterStone’s iVendix
CenterStone Technologies, Inc. announced that 180s is live on the company’s iVendix software application. iVendix will provide 180s with a business-to-business (B2B) online ordering solution for their retail dealers and sales reps. Now that 180s is live o
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…
Amer Sued by Avocet; Acquires Assets of Bulgarian Subcontractor
Avocet Sports Technology, based in Menlo Park, CA, has filed a lawsuit against Amer Sports and its subsidiary, Suunto USA, for infringing on three patents for altimeter devices. The suit seeks monetary damages in excess of $20 million. ..
Wolverine Worldwide Tempers Sales Forecast, Raises EPS Guidance
Wolverine World Wide, Inc. had a good third quarter as low-single-digit sales growth was outpaced by stronger net income gains and the company’s Outdoor Group once again the shining star. It was the company’s 25th consecutive quarter of record sales and e
