April U.S. Factory Orders Shrink…
The Commerce Department reported on Thursday that April orders for goods manufactured in the U.S. saw their largest decline in more than a year, falling 2.9% to $320.0 billion for the month. Economists were expecting a 1.8% decline.
Burma Ban Picks Up Steam in Congress…
Senators Mitch McConnell (R-KY) and Dianne Feinstein (D-CA), two U.S. senators that rarely agree on anything, introduced legislation last week demanding a ban on all imports from Myanmar, the former Burma. The action comes on the heels of the May 30 deta
Wal-Mart May Comps Rise 2.1%
Wal-Mart Stores, Inc. reported net sales for the four-week period ending May 30, 2003, of $18.953 billion, an increase of 10.0% over the $17.231 billion in the similar period in the prior year. Sales for the seventeen-week period were $77.322 billion, an
Sears May Same-Store Sales Dip 1.9%
Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 1.9% for the four weeks ended May 31, 2003. Total domestic store revenues were $2.18 billion in May 2003, compared with $2.21 billion for the four weeks ended June 1, 2002
Dillard’s May Comp Store Sales Decrease 7.0%
Dillard's, Inc. announced that sales for the four weeks ended May 31, 2003 were $536,644,000 compared to sales for the four weeks ended June 1, 2002 of $576,754,000. Sales decreased 7% on both a total and comparable store basis for the four-week peri
JC Penney May Same-Store Sales Up 3.2%
JC Penney Company, Inc. reported that comparable department store sales increased 3.2% for the four weeks ended May 24, 2003. All merchandise divisions had positive comparable store sales increases, with the best performance in Children's, Fine Jewe
Fitness Equipment, Bicycles Rated in Consumer Reports
Heart-rate monitors are a useful tool in tracking one's fitness performance. But how do you choose one? The most important feature to consider is accuracy. The June fitness issue of Consumer Reports has some recommendations, along with reviews of tre
Quick, Before They Get On Solid Food…
With the LeBron James endorsement deal saga now over, it’s time to get down to the serious business of signing up athletes before they garner the attention of adidas’ Sonny Vacarro…
The Post Takes on Footstar…
The New York Post, that Bible of American finance, devoted a full page in last Tuesday’s issue to take Footstar to task for its oft-delayed filing of its 10K and 10Q financial reports…
New Balance Confirms Moretz Deal…
As reported here after the last Super Show, New Balance has officially confirmed that Moretz Sports will be its licensee to performance socks. The deal, which will be effective in January 2004, will see Moretz “manufacture, market and distribute New Bala
Post-War Consumers in Buying Mood…
According to report recently released by The NPD Group, U.S. consumers seem willing to spend more on Footwear and Apparel in the 90-day period from May through July. The post-Iraq War study found that the consumers surveyed were more willing to get out a
Asia Strategy Seen in Malden Recovery…
Reuters was reporting on Friday that Malden Mills expects to post a $9.8 million profit in its first full year out of bankruptcy protection. The company expects a $9.0 million loss in 2002…
LandL Acquires Southern Athletic Brand…
Russell Corporation has sold the Southern Athletic trademark and related assets The L&L Group, which has licensed the brand since May 2002. The L&L Group, privately held and formed in 1948, owns Foremost Athletic, L&L Concession Co, Reach Athletic, and Un
Heavier Inventories Drive Retail Pricing Power Index Lower…
Retailers seem to be looking to brighter times ahead if the latest Retail Sector Performance Index is any indication. But increasing retail inventories and reduced traffic look to dampen profits as pricing comes under pressure.
Callaway Settles in Knock-Off Scam …
Callaway Golf has settled its action against the minor players in a knock-off scam. The company said that Shirley Tsou and GolfCo and Alex Mowry and National Golf Liquidators have agreed to a permanent injunction prohibiting them from selling “Big Easy”
