Stein Mart Nov. Comps Down 14%
Stein Mart, Inc. reported comparable store sales for the four-weeks ended Nov. 4 decreased 14.2% compared with the yea-ago period. Total sales for the period were $118.8 million, a 15.3% decrease from $140.2 million in the year ago period…
MEC Buys Store Building
Mountain Equipment Co-op (MEC) has purchased the Portage Avenue building that houses its Winnipeg store from Centre Venture, the city's downtown development agency. The Canadian outdoor retailer bought the 20,000-square-foot building for $2.35 millio
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
Puma Forms UK Team Sports Alliance
Puma has teamed up with Genesis Group International Ltd., its exclusive licensee for pro teamsports in the UK and Ireland, to target grassroots football and rugby teams through a new website www.thekitteam.com…
Gottschalks November Comps Fall 13%
Gottschalks Inc. same store sales for the month of November decreased 13.0% from the prior year. Total sales for the four-week period decreased 15.3% to $52.2 million compared to $61.6 million in the same period of fiscal 2007. On a year-to-date basis, wh
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
Nov. Comps Slide 13% at Macy’s
Macy’s, Inc. reported total sales of $2.33 billion for the four weeks ended Nov. 29, 2008, a decrease of 14.1% compared to total sales of $2.70 billion in the four weeks ended Dec. 1, 2007…
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
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
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
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
Long Beach Delays and Lowers Container Fee
The Port of Long Beach has announced it will delay until at least July 1, 2009, and lower to $6 from $15 a fee on 20-foot equivalent containers that was set to go into effect Jan. 1, 2009. The Port of Los Angeles is expected to announce a similar delay a
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%…
Nielsen, OIA To Survey Retailers on OR Show
Outdoor Retailer and the Outdoor Industry Association will launch a four-week online survey to gather retailer's suggestions on improving the Outdoor Retailer Summer Market trade show. An analysis of the results should be ready in time for the OR Sum
Nordstrom’s November Sales off 12.1%
Nordstrom Inc. estimates its sales for the four-week period ended Nov. 29 fell 12.1% on a 15.9% decline in comps, due in part to the timing of the Thanksgiving weekend. Preliminary figures indicate year-to-date sales are down 6.2% on an 8.6% comp decline.
