SGB Update

Saks Inc. March Comps Store Sales Off 3.8%

Retailer Saks Incorporated announced that comparable store sales for the five weeks ended April 5, 2003 compared to the five weeks ended April 6, 2002 decreased 3.8% on a total company basis. By segment, comparable store sales decreased 0.2% for SDSG and

Payless March Comp Store Sales Decreased 10.6%

Payless ShoeSource, Inc. reported that same-store sales decreased 10.6% during the March reporting period, the five weeks ended April 5, 2003. Company sales totaled $270.9 million, a 9.2 percent decrease from $298.2 million during fiscal March of last ye

Ross Stores March Comps Decline 5.0%

Ross Stores, Inc. reported sales of $347 million for the five weeks ended April 5, 2003, a 5% increase above the $329 million in sales for the five weeks ended April 6, 2002. Comparable store sales for the month declined 5% compared to an 11% increase in

Stein Mart March Comps Decrease 12.9%

Stein Mart, Inc. announced total sales for the five-week March period were $131.1 million, a 10.5 percent decrease from the $146.6 million in sales for the same period in 2002. Comparable store sales for March decreased 12.9%…

TJX March Same-Store Sales Dip 2.0%

The TJX Companies, Inc. reported sales for the five-week period ended April 5, 2003, were $1,109 million, up 5% over $1,059 million achieved during the five-week period ended April 6, 2002. Consolidated comparable store sales for the five-week period ende

Value City March Comp Store Sales Decreased 4.4%

Value City Department Stores, Inc. announced total sales for the five weeks ended April 5, 2003, increased 0.3% to $237.7 million from $237.0 million for the five weeks ended April 6, 2002. The company's same store sales decreased 4.4% for the five

Wal-Mart March Comps Inch Up 0.3%

Wal-Mart Stores, Inc. reported net sales for the five-week period ending April 4, 2003, of $23.175 billion, an increase of 7.8% over the $21.489 billion in the similar period in the prior year. Sales for the nine-week period were $41.971 billion, an incr

Aussie Apparel Signs First Licensee

Aussie Apparel, Inc. announced that it has signed Frontier International Holdings (FIH) of Australia, as an exclusive licensee covering Australia, New Zealand, Fiji, New Caledonia and the Pacific Islands…

Court Approves Cannondale Asset Sale; Creditors Short-Changed

Cannondale has announced that on March 28, 2003 the U.S. Bankruptcy Court for the District of Connecticut approved the Asset Purchase Agreement by and between Cannondale and Pegasus Partners II, L.P. Based on the terms of the Asset Purchase Agreement, th

SGAA Rep News

Gary Niland, President of the SGAA, has announced that Mike Higgins of Higgins & Associates is the new Western Director of the 69-year old trade organization. Other rep news from SGAA includes Jack Rusher, NESGAA Retailer of the Yea

SGAA Mourns Passing of Al Nicholas

Al Nicholas, former SGAA 1993 Lifetime Sales Achievement Award recipient, passed away March 27, 2003, after a long illness. Nicholas, 74, had been in the sporting business since 1969 and opened his rep agency, Nicholas Associates in 1985.

THC to Fold into New Canadian Public Entity

The Hockey Company Holdings Inc. announced that it has filed a preliminary prospectus for an initial public offering in Canada. The offering will consist of the issuance of common shares, which the company has applied to list on the Toronto Stock Exchange

Authentic Fitness Promotes Davies to EVP

Authentic Fitness Corp, a division of the Warnaco Group Inc. has announced that Stephen Davies was promoted to Executive Vice President – Accessories, Speedo Division…

Tare 7 Appoints Category Managers

TARE7 (T7), holding company of airwalk, genetic airwalk skateboarding, andy mac Footwear, and ALPHANUMERIC Footwear brands has appointed Andrew Shaddy Category Manager of ALPHANUMERIC Footwear and andy mac Footwear and Phil Shettig as Category Manager for

SGMA Outlines Top 30 U.S. Participation Activities

Fitness activities and outdoor pursuits. Those two categories are now attracting the highest level of interest among sports participants in the U.S. based on analysis of the Sports Participation Topline Report (2003 edition) by SGMA Internation