Elder-Beerman Receives Definitive Proposal from the Bon-Ton Stores
The Elder-Beerman Stores Corp. announced that The Bon-Ton Stores, Inc. has proposed a combination of the two companies. Bon-Ton indicated that it is prepared to sign a merger agreement that would provide all Elder-Beerman shareholders with $7.00 in cash f
NSGA Retail Footwear Survey Confirms H1 Woes
According to a National Sporting Goods Association Market Survey, retail sales of athletic footwear slipped 4.4% during the six-month period, October 2002 through March 2003. Sales for the six-month reporting period were $6.24 billion versus $6.52 billion
Target Stores Drives August Increase at Target Corp.
Target Corporation reported that its net retail sales for the four weeks ended August 30, 2003 increased 12.4 percent to $3.632 billion from $3.231 billion for the four-week period ended August 31, 2002. Comparable-store sales increased 5.7% from fiscal A
Federated August Comps Dip 0.8%
Federated Department Stores, Inc. reported total sales of $1.078 billion for the four weeks ended August 30, 2003, a decrease of 0.6% from total sales of $1.084 billion in the same period last year. On a same-store basis, Federated's August sales wer
Montbell Opens New Distribution Center
MontBell America announced that it will add a new distribution and service center in Boulder, Colorado.
The 7000 square feet facility located in Wilderness Place in Boulder will serve as a distribution and service center for its own retail operation and
Huffy Corp. Makes Leadership Changes
Huffy Corporation announced that William Smith has been named President and General Manager of Huffy Bicycle Company. Additionallu the company named James Salter to the newly created position of President, New Business Development & Acquisition Financing
Costco August Comps Climb 9%
Costco Wholesale Corporation reported net sales of $3.41 billion for the four weeks ended August 31, 2003, an increase of 13 % from $3.02 billion in the same four-week period of the prior fiscal year…
American Eagle August Same Store Sales Off 10.3%
American Eagle Outfitters announced that total sales for the four-week period ended August 30, 2003 decreased 0.6% to $155.6 million, compared to $156.5 million for the four-week period ended August 31, 2002. Comparable store sales for the American Eagle
Aeropostale Reports August Comps Up 1.6%
Aeropostale announced that total net sales for the four-week period ended August 30, 2003 increased 26.3% to $87.4 million, compared to $69.2 million for the four-week period ended August 31, 2002. The company's comparable store sales increased 1.6%
Rocky Announces New Board Member
Rocky Shoes & Boots announced Harley E. Rouda, Jr., has been appointed to its Board of Directors. He is serving as a Class I Director and the term expires at the company's Annual Meeting of Shareholders in 2005. Mike Brooks, Chairman and Chief Execut
Hey Bob Bell!
We rush each day to report on the events of the industry that may make a difference to people working in the trade. But when a story hits so close to home it is difficult to report it as news, as something sensational, something to be sold. That is the
180s Appoints New CFO
180s, maker of innovative performance wear, has appointed Ted Galovan as Chief Financial Officer. Prior to joining 180s, Galovan was the Chief Financial Officer and Senior Vice-President of Business-Development for EAS, Inc…
Positive Industry Trend Continues, But Slows…
Vendors and manufacturers in the industry kept the positive trend moving ahead in the 2003 second quarter, but saw sales growth and profit growth slow a bit from the first quarter results. Much of the slower growth can be attributed to the pull-back seen
Retail Execs See Brighter Days Ahead…
The planets seem to be aligned for retailers right now if the latest Retail Sector Performance Index is any indication. The latest Executive Opinion Survey conducted by National Retail Federation (NRF) and the Bank of Tokyo Mitsubishi Ltd. (BTM) shows th
The New Sports Authority Looks More Like the Old Gart…
Shares of The Sports Authority hit a new 52-week high last week as the new team of the recently merged entity laid out a bit of its vision for the only national sporting goods chain. Doug Morton, the CEO and vice chairman of the new company, was clearly
