SGB Update

Federated February Same-Store Sales Down 6.8%

Federated Department Stores, Inc. reported total sales of $985 million for the four weeks ended March 1, 2003. This represents a decrease of 6.0% from total sales of $1.048 billion for the same period last year. On a same-store basis, Federated's Fe

Value City February Comps Decrease 12.1%

Value City Department Stores, Inc. announced total sales for the four weeks ended March 1, 2003, decreased 7.2% to $145.0 million from $156.2 million for the four weeks ended March 2, 2002. The company's same store sales decreased 12.1% for the four

Elder-Beerman February Comps Decrease 14.5%

Comparable store sales for The Elder-Beerman Stores Corp. decreased 14.5% for the four weeks ending March 1, 2003 compared to the four weeks ending March 2, 2002. Total store sales decreased by 14.5% to $35.9 million versus the same period last year…

Target Corp. Sees Feb Comps Off 1.4%

Target Corporation reported that its net retail sales for the four weeks ended March 1, 2003 increased 6.4 percent to $2.926 billion from $2.750 billion for the four-week period ended March 2, 2002. Comparable-store sales declined 1.4 percent from fiscal

Wal-Mart February Comps Up 2.6%

Wal-Mart Stores, Inc. reported net sales for the four-week period ending February 28, 2003, of $18.796 billion, an increase of 9.2% over the $17.207 billion in the similar period in the prior year…

JC Penney February Comps Decrease 2.1%

J. C. Penney Company, Inc. reported February comparable department store sales decreased 2.1% for the four weeks ended February 22, 2003, compared with last year's strong 12.5% gain…

Quiksilver Doubles Fiscal Q1 Profits on 31% Sales Gain

Quiksilver, Inc. announced consolidated net sales for the first quarter of fiscal 2003 ended January 31, 2003 increased 31% to $192.1 million as compared to fiscal 2002 first quarter consolidated net sales of $147.0 million. Consolidated net income for th

Benneton Unloads Rollerblade Unit to Tecnica

Benetton Group has signed a preliminary binding agreement for the divestiture of its Rollerblade business to Prime Newco, a company of the Tecnica Group, and recent acquirer of the Nordica business…

Kellwood 2002 Net Earnings Rose 11.4% on Sales Dip

Kellwood Company reported sales for the year were $2.2 billion, down $77 million, or 3% from $2.3 billion reported last year. Excluding the acquisition of Gerber Childrenswear on June 25, 2002, sales for the year were down $192 million, or 8%, but ahead

Kellwood Elects Ruzow and Weaver Corporate VPs

The Kellwood Board of Directors meeting elected Stephen L. Ruzow and Donna B. Weaver corporate vice presidents. Ruzow joined Kellwood as president of Kellwood Womenswear in 2001. Donna B. Weaver was named vice president corporate communications in 2002..

Aeropostale February Comps Down 3.1%

Aeropostale, Inc. announced that total net sales for the four-week period ended March 1, 2003 increased 25.6% to $27.2 million, compared to $21.6 million for the four weeks ended March 2, 2002…

American Eagle February Comps Decline 7.0%

American Eagle Outfitters, Inc. announced that total sales for the four-week period ended March 1, 2003 increased 4.5% to $74.3 million, compared to $71.1 million for the four-week period ended March 2, 2002. Comparable store sales for the American Eagle

Nordstrom February Same-Store Sales Off 2.3%

Nordstrom, Inc. reported preliminary sales of $367.6 million for the four-week period ending March 1, 2003, an increase of 2.4% compared to sales of $359.1 million for the four-week period ending March 2, 2002…

Genesco 2002 Earnings Slip as Jarman Rocks

Genesco Inc. reported Journeys net sales increased 13% for Q4 2002 and same-store sales rose 1.0%. Journeys net sales for the year increased 14% to $436 million and same store sales were flat. Underground Station/Jarman Group Q4 sales increased 13% to $4

Variflex Narrows Fiscal Q2 Loss on 46% Sales Jump

Variflex, Inc. reported net sales increased 46% for the second fiscal quarter ended January 31, 2003 to $9.9 million. VFLX reported a net loss for the quarter of $670,000 or ($0.15) per diluted share, compared to a net loss of $1,494,000, or ($0.32) per