The Dick’s/Galyans Deal Took More than Year; Dick’s Persistence Pays Off in End…
When SEW looked at the circumstances surrounding the “merger” of TSA and Gart, it was quite interesting that the parties positioned the idea for the deal as almost kismet, it was meant to be. Well, the Dick’s acquisition of Galyans has turned out to be q
Former Galyans Execs Place Blame at the Top; Point to Loss of Galyans Culture…
Many laid the blame for the Galyans collapse on Bob Mang, who reportedly had little support from employees that still yearned for the days of Pat Galyan’s leadership, but was given free reign by the Board. Many industry watchers look to Galyans’ overall
Latest Genesco Acquisition Creates New Foothold North of the Border…
Genesco has started to push its Hat World and Lids business north of the border with the acquisition of a 17 store chain called Cap Connection. The chain operates stores in Alberta, BC, and Ontario, and should serve as a good jumping off point for Genesco
Coastcast to Sell Assets to Fu Sheng…
SEW reported in March (SEW_0410) that Coastcast was showing all of the signs of a slow return to profitability after several quarters in the red, and shortly thereafter the company managed to show a small profit in the first quarter of the year. Barely a
Prince Sports Realigns for More Focus…
Prince Sports has split the company into two business units to better service the needs of local markets, according to George Napier, chairman and CEO of Prince Sports, Inc…
Retail Execs Back Off Upbeat Outlook…
The most recent Executive Opinion Survey, a monthly index by the National Retail Federation, looked liked a solid precursor of the sluggish June results that were reported last week as the Retail Sector Performance Index (RSPI) posted its lowest reading s
ShopKo June Comps Climb 2.2%
ShopKo Stores consolidated sales for the five weeks ended July 3, 2004 increased 1.8% to $301.2 million from $295.9 million during the same period last year. Consolidated comparable store sales increased 2.2%…
Gottschalks Same Store Sales Climb 3.3% in June
Gottschalks same store sales for the month of June 2004 increased 3.3% from the prior year. Total sales for the month increased 1.5% to $60.7 million from $59.9 million in June 2003. On a year-to-date basis, same store sales increased 2.0% from the same
Goody’s June Comps Drop 3.2%
Goody's total sales were $105.3 million for the fiscal month of June 2004, a decrease of 0.4% from total sales of $105.7 million for the fiscal month of June 2003. Comparable store sales for June 2004 decreased 3.2% from June 2003. Total sales for th
The Buckle’s June Comps Jump 10.3%
The Buckle's sales for the five-week period ended July 3, 2004 increased 16.9% to $34.7 million from sales of $29.7 million in the corresponding five-week period ended July 5, 2003. Comparable store sales, for stores open at least one year, for the f
Wal-Mart June Comps Climb 2.2%
Wal-Mart Stores net sales for the five-week period ending July 2, 2004, were $26.972 billion, an increase of 9.3% over the $24.669 billion in the same five-week period in the prior year. Sales for the twenty-two week period were $114.455 billion, an incr
Stein Mart June Comps Jump 12.5%
Stein Mart net sales climbed 7.9% to $124.0 million and comparable store sales jumped 12.5% for the fiscal period ended July 3, 2004. Year-to-date net sales climbed 9.0% to $603.4 million while year-to-date comps jumped 11.8%…
June Comps Climb 5.7% at Nordstrom
Nordstrom preliminary sales were $707.4 million for the five-week period ending July 3, 2004, an increase of 8.5%compared to sales of $652.0 million for the five-week period ending July 5, 2003. Same-store sales increased 5.7%…
J.C. Penney June Comps Climb 4.8%
J. C. Penney Company comparable department store sales increased 4.8% for the five weeks ended July 3, 2004. Sales reflect a good customer response to planned Father's Day marketing events. Catalog/Internet sales decreased 3.4%, with Internet increas
Famous Footwear June Comps Down 3.2%; Brown Cuts Q2 Guidance
Brown Shoe Company, Inc. reported that June retail sales for Famous Footwear were $98.6 million for the five-week period ended July 3, 2004, a 0.4% decrease compared to $99.0 million for the same period last year. Same-store sales for the period decreased
