Target Corp June Comps Inch Up; Mervyn’s Continues Drag
Target Corporation reported that its net retail sales for the five weeks ended July 5, 2003 increased 7.9% to $4.135 billion from $3.833 billion for the five-week period ended July 6, 2002. Comparable-store sales increased 0.8% from fiscal June 2002. Tar
Nordstrom June Comp Store Sales Increase 1.9%
Nordstrom, Inc. reported preliminary sales of $655.7 million for the five-week period ending July 5, 2003, an increase of 6.4 percent compared to sales of $616.0 million for the five-week period ending July 6, 2002. Same-store sales increased 1.9%…
TJX Lowers Q2 Guidance as June Comps Increase 2.0%
The TJX Companies, Inc. reported June 2003 sales results. Sales for the five-week period ended July 5, 2003, were $1,183 million, up 10% over $1,073 million achieved during the five-week period ended July 6, 2002. Consolidated comparable store sales for t
The Sportsman Guide to Beat Q2 Estimates
The Sportsman's Guide, Inc. now expects to report total sales of approximately $38.0 million and EPS of $0.10 to $0.11 for second quarter, compared to $34.8 million in sales and earnings of $0.06 per share in the year-ago quarter. The anticipated res
Stein Mart June COmps Decrease 4.9%
Stein Mart, Inc. announced total sales for the five-week June period were $114.9 million, a 1.4% decrease from the $116.5 million in sales for the same period in 2002. Comparable store sales for June decreased 4.9% from 2002 to 2003…
May Company June Comps Decrease 5.9%
The May Department Stores Company reported preliminary net sales of $1.13 billion for the five-week period ended July 5, 2003, a 4.0% decrease from $1.18 billion in the similar period last year. Store-for-store sales decreased 5.9%…
Federated June Same-Store Sales Down 2.0%
Federated Department Stores, Inc. reported total sales of $1.337 bn for the five weeks ended July 5, 2003, a decrease of 2.2% from total sales of $1.367 bn for the same period last year. On a same-store basis, Federated's June sales were down 2.0%…
Elder-Beerman June Comps Increase 1.3%
Comparable store sales for The Elder-Beerman Stores Corp. increased 1.3% for the five weeks ended July 5, 2003 compared to the five weeks ended July 6, 2002. Total store sales decreased by 1.7% to $53.7 million versus the same period last year…
Wal-Mart June Comp Store Sales Increase 2.7%
Wal-Mart Stores, Inc. reported net sales for the five-week period ending July 4, 2003, of $24.635 bn, an increase of 11.1% over the $22.164 bn in the similar period in the prior year. U.S. comp store sales were up 2.7% for the month, with SAM'S Club
Skate Board Group Makes Cross-Country Trek for a Cause
On August 2nd, skate industry veteran Jack Smith and three friends will begin a 3,000 mile journey pushing their skateboards across the United States. The trek that will take them from Oregon to Virginia in the middle of the summer heat is expected to ta
Gotcha Emerges from Bankruptcy
Gotcha International LP announced Tuesday that it is emerging from bankruptcy. The company, which filed for Chapter 11 reorganization in August, will pay its creditors fully with 6-8 percent interest. Gotcha owes about $8.0 million, which should be pai
Wolverine Q2 EPS Up 9.5% on 8.7% Revenue Rise
Wolverine World Wide, Inc. reported that second quarter revenue rose 8.7% to $184.0 million compared to $169.3 million reported for the second quarter of 2002. Earnings per share improved to $0.23 per share compared to $0.21 per share reported for the sa
Nike Acquires Converse in $305 Million Deal
NIKE, Inc. has entered into a definitive agreement to acquire Converse, Inc. The total price to be paid for 100 percent of the equity shares is approximately $305 million plus the assumption of certain working capital liabilities at the time of the transa
Thornton Takes President’s Post at Stride Rite; Adds Woodworth to Run Hilfiger
The Stride Rite Corporation has announced that Richie Woodworth has joined the Company as President of Tommy Hilfiger Footwear. He will report to the company's newly appointed President and COO, Richard T. Thornton. Thornton will report to David Cha
Galyan’s Warns On Weaker Second Quarter Results
Galyan's is now warning of much weaker-than-expected Q2 results, blaming a weak economy, bad weather and poor apparel and shoe sales. The company expects sales in the range of $160 million to $164 million for the quarter and comps to be down in the
