SGB Update

May Retail Comps Mostly Surprise and Delight…

While May retail sales results were tough to read as a trend and did not offer up any solid consensus on the health of retail, the reports issued last week by dozens of public companies did appear to re-affirm the feeling that the U.S. retail economy is i

Stage Stores May Comps Inch Up 1.0%

Stage Stores total sales for the four-week period ended May 29, 2004 increased 39.4% to $90.6 million from $65.0 million in the prior year four-week period ended May 31, 2003. Comparable store sales increased 1.0% versus a decrease of 5.4% last year. Year

The Finish Line Answers Critic with Q1 Performance…

The Finish Line left little doubt as to its current trend which appears to be onward and upward, at least in the footwear category. The mall specialty retailer saw May comp store sales jump 16%, with footwear posting a 20% increase and apparel a 2% decli

May Comps Climb 7.8% at Pacific Sunwear

Pacific Sunwear of California total sales for the four weeks of May of fiscal 2004 were $72.4 million, an increase of 18.5% over total sales of $61.1 million for the four weeks of May of fiscal 2003. Company same store sales increased 7.8% for the compara

Stein Mart May Comps Jump 11.1%

Stein Mart net sales increased 6.2% in May from $108.2 million to $114.8 million. Comparable store sales for the month increases 11.1%. Year to date sales increased 9.3% from $438.7 million last year to $479.4 million. Year to date Comparable store sales

May Comps Climb 9.4% at Nordstrom

Nordstrom preliminary sales were $499.0 million for the four-week period ending May 29, 2004, an increase of 11.7 percent compared to sales of $446.8 million for the four-week period ending May 31, 2003. Same-store sales increased 9.4 percent…

May Comps at Wal-Mart climb 5.9%

Wal-Mart Stores net sales for the four-week period ending May 28, 2004, were $21.425 billion, an increase of 12.8% over the $18.987 billion in the same four-week period in the prior year. Total comps store sales for the four week period were up 5.9%…

DSW May Comps Increase 7.8%

Retail Ventures, Inc. announced total sales for May 2004 increased 8.6% to $220.5 million from $202.9 million for the four weeks ended May 31, 2003. The company's same store sales increased 1.9% for the four week period. Total sales for DSW Shoe War

JC Penney May Comps Jump 9.1%

J. C. Penney Company comparable department store sales increased 9.1% for the four weeks ended May 29, 2004. Total sales for the month increased 9.0% to $1.042 billion, compared to $960 million last year…

Dillard’s Reports 5% May Comp Store Sales Decline

Dillard's, Inc. announced that sales for May 2004 were $511.4 million compared to sales for the four weeks ended May 31, 2003 of $536.6 million. Total sales decreased 5% for the four-week period and comparable store sales decreased 5% for the four-we

Bon-Ton May Comps Increase 2.6%

The Bon-Ton Stores total sales for the four weeks ended May 29, 2004, increased 86.2% to $95.1 million, including $42.3 million from the acquired Elder-Beerman stores, compared to $51.1 million for the same period last year. Bon-Ton comparable store sales

New Era’s De Waal Named to Caps for Kids Board

New Era Cap Co. announced that John De Waal, Vice President of Global Marketing, was appointed membership on the National Advisory Board for Caps for Kids, a charity organization dedicated to providing celebrity-autographed caps for children undergoing ca

White Resigns COO Post at Ajay Sports, Pro Golf

Ajay Sports, Inc. announced that Joseph White, Director, Chief Operating Officer, and Consultant to Ajay Sports and Ajay’s subsidiary Pro Golf of America Inc., has resigned to “spend more time with his family”. Ajay, the majority investor in Pro Golf, sa

Gregory Hires Marketing Coordinator; Adds Midwest Reps

Gregory Mountain Products announced the hiring of Jake Martin as Marketing Coordinator for the brand. In this newly created position Jake will be responsible for public relations, market research, project coordination, and copywriting. Gregory is also p

Forzani Q1 Net Earnings Jump 38% Despite Weaker Comps

The Forzani Group Ltd. reported that retail system sales for the first quarter ended May 2 grew by 2.8% to C$227.7 million compared to C$221.6 million for the year-ago period. Combined revenues from corporate and franchise divisions increased 3.3% over Q1