SGB Update

Footstar Athletic March Comps Flat; Footaction Up

Footstar, Inc. reported that total sales for the first quarter ended March 29, 2003 decreased 12.9% to $482.1 million. Footstar's comparable store sales for the quarter decreased 5.3%. Comparable store sales at Meldisco decreased 10.9% and comparab

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

Famous Footwear March Comps Down 10.6%

Brown Shoe Company, Inc. announced March retail sales at Famous Footwear were $102,000,000 for the five-week period ended April 5, 2003, a 7.6% decrease compared to $110,400,000 for the same period last year (ended April 6, 2002). Due to the calendar shif

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

JC Penney DS March Comps Off 5.5%

J. C. Penney Company, Inc. reported that comparable department store sales decreased 5.5% for the five weeks ended March 29, 2003. Catalog sales decreased 13.1%. Internet sales, which are included in catalog, continue to perform well, and increased 19%…

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…

Kohl’s March Same-Store Sales Inch Up 0.4%

Kohl's Corporation reported that sales for the five week period ended April 5, 2003, increased 21.7% over the five week period ended April 6, 2002. On a comparable store basis, sales increased 0.4%…

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

Target Corp. March Comp Sales Decline 2.3%

Target Corporation reported that its net retail sales for the five weeks ended April 5, 2003 increased 4.6% to $3.889 billion from $3.717 billion for the five-week period ended April 6, 2002. Comparable-store sales declined 2.3% from fiscal March 2002…

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

Sears March Comp Store Sales Decrease 2.3%

Sears, Roebuck and Co. announced that comparable domestic store revenues decreased 3.1% for the five weeks ended April 5, 2003. Total domestic store revenues were $2.4 billion; a 2.3% decrease compared with the five weeks ended April 6, 2002…

SGAA Mourns Passing of Al Nicholas

Al Nicholas, former SGAA 1993 Lifetime Sales Achievement Award recipient, passed away March 27, 2003, after a long illness. Nicholas, 74, had been in the sporting business since 1969 and opened his rep agency, Nicholas Associates in 1985.

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…