SGB Update

Deep Discounts Mean Retail Stores Feel Pain

Laurie Gilbert traveled down from Freeport Tuesday to look for socks at the Maine Mall. She ended up finding sales she couldn't refuse, and walked away with some compact disks and a pair of shoes — as well as the socks that initially drew her to

Urban Outfitters Q4 Comps Increase 1.3%

Urban Outfitters, Inc. announced total Company sales for the fourth quarter and the fiscal year ended January 31, 2003 were up 13% to $117.8 million from $103.9 million for the comparable quarter last year. Comparable store sales increased 1.3%. Comparab

ShopKo January Comps Decline 2.6%

ShopKo Stores, Inc. reported consolidated sales for the four weeks ended February 1, 2003 were $193.0 million, 2.8 percent lower than the $198.7 million reported for the same period last year. Consolidated comparable store sales declined 2.6%…

Costco January Same-Store Sales Rise 5.0%

Costco Wholesale Corporation reported net sales of $2.97 bn for the four weeks ended February 2, 2003, an increase of 9% from $2.73 bn in the same four-week period of the prior fiscal year. Comparable store sales rose 5.0% for the month…

L.L. Bean to Eliminate 300 Jobs

L.L. Bean announced the second-largest round of layoffs in its 91-year history Tuesday, saying it will slash 300 jobs in the next two months despite turning a higher profit last year…

Gottschalks January Comps Increase 2.0%

Gottschalks Inc. announced January 2003 same store sales increased 2.0% from the prior year. Total sales for the month were $35.5 million, a 0.4% increase from $35.4 million in January 2002…

Goody’s January Same-Store Sales Off 4.8%

Goody's Family Clothing, Inc. reported total sales for fiscal periods ended February 1, 2003 (fiscal 2002) as compared with fiscal periods ended February 2, 2002…

Timberland Sees Reduced 2002 Earnings; Sales Inch Up 0.6%

The Timberland Company reported results for the quarter and year ended December 31, 2002. Revenue for the fourth quarter totaled $357.0 million, 4.7% higher than the $341.1 million reported for the fourth quarter of 2001. Earnings were $27.1 million for

Shoe Carnival January Comps Drop 10.4%

Shoe Carnival, Inc. reported sales for the four-week period ended February 1, 2003 decreased 1.0% to $28.4 million from sales of $28.8 million for the four-week period ended February 2, 2002. Comparable store sales decreased 10.4%…

Pacific Sunwear Comp Store Sales Jump 20.4%

Pacific Sunwear of California Inc. reported that total sales for the four weeks of January of fiscal 2002 were $43.7 million, an increase of 38% over total sales of $31.7 million for the four weeks of January of fiscal 2001. Company same-store sales incr

Galyan’s Q4 Comp Store Sales Slip 1.4%

Galyan's Trading Company, Inc. reported net sales for the fourth quarter ended February 1, 2003 were $212.2 million, representing a 21.4% increase over the same period last year. Comparable store sales for the fourth quarter declined 1.4%…

Foot Locker Q4 Comps Dip 0.9%; Year is Flat

Foot Locker, Inc. reported sales for the 13-week period ended February 1, 2003 of $1,211 million, versus $1,155 million in the comparable period last year, an increase of 4.9%. Comparable store sales for the Company's 2002 fourth quarter decreased 0.

Famous Footwear January Comps Down 6.1%; BWS Ups 2002 Guidance

Brown Shoe Company, Inc. raised its full-year earnings guidance to $2.48 to $2.50 per share, from its previous guidance of $2.35 to $2.40 per share. The increased full-year guidance results from better-than-anticipated margins in January, higher wholesal

TJX Janaury Same-Store Sales Down 2.0%

The TJX Companies, Inc. reported sales for the four-week period ended February 1, 2003 were $676 million, up 7% over $631 million achieved during the four-week period ended February 2, 2002. Consolidated comparable store sales January were down 2% agains

Ross Stores January Comps Decline 2.0%

Ross Stores, Inc. reported sales for the four weeks ended February 1, 2003 of $196 million, up 7.0% from the $183 million reported for the four weeks ended February 2, 2002. Comparable store sales declined 2.0%…