SGB Update

Stage Stores March Comps Drop 15.6%; Lowers Q1 Expectations

Stage Stores, Inc. reported that comparable store sales for the five-week period ended April 5, 2003 decreased 15.6% as compared to the prior year five-week period ended April 6, 2002. Total sales decreased 12.5% to $73.0 million from $83.4 million in the

Dillard’s March Comp Store Sales Decrease 12%

Dillard's, Inc. announced that sales for the five weeks ended April 5, 2003 were $667,156,000 compared to sales for the five weeks ended April 6, 2002 of $763,394,000. Total sales decreased 13% for the five-week period. Sales in comparable stores f

Elder-Beerman March Comps Dip 4.0%

Comparable store sales for The Elder-Beerman Stores Corp. decreased 2.9% for the five weeks ended April 5, 2003 compared to the five weeks ended April 6, 2002. Total store sales decreased by 4.0% to $50.8 million versus the same period last year…

Federated March Comps Decrease 6.5%

Federated Department Stores, Inc. reported total sales of $1.233 billion for the five weeks ended April 5, 2003. This represents a decrease of 5.9 percent from total sales of $1.309 billion for the same period last year. On a same-store basis, Federated

May Company March Comps Decrease 11.4%

The May Department Stores Company reported preliminary net sales of $1.06 billion for the five-week period ended April 5, 2003, a 9.9% decrease from $1.18 billion in the similar period last year. Store-for-store sales decreased 11.4%…

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