Saks Inc. Feb. Comps Take Hit From Winter Storms
Retailer Saks Incorporated announced that comparable store sales for the four weeks ended March 1, 2003 compared to the four weeks ended March 2, 2002 decreased 4.1% on a total company basis. By segment, comparable store sales increased 1.2% for SDSG and
Costco Fiscal Q2 Profit Shrinks on 8% Sales Gain
Costco Wholesale Corporation announced net sales for the second quarter of fiscal 2003 increased 8% to $9.92 billion from $9.21 billion during the second quarter of fiscal 2002. Net income for the second quarter of fiscal 2003 decreased 5% to $182.1 milli
Kohl’s 2002 Net Income Jumps 30% on 22% Sales Increase
Kohl's Corporation reported net income for the fiscal year ended Feb. 1, 2003, increased 29.8% to $643.4 million, or $1.87 per diluted share, compared to $495.7 million, or $1.45 per diluted share for the fiscal year ended February 2, 2002. Net sales
NSGA Report Shows Female Sneaker Purchase Decline
Although females continue to lead males as purchasers
of sports footwear, their lead decreased in 2002, according to data released by the National Sporting Goods Association (NSGA). For 2002, females purchased 53.1% of all sport footwear compared to 54.7%
TARE7 Appoints Nilson to Head Skateboard Division Sales
TARE7, owner of genetic airwalk skateboarding announced the appointment of Steve “Stix” Nilsen as the national sales manager of the genetic airwalk skateboarding division…
NSGA: Sporting Goods CPI Decrease Improves in January
The most recent data from the Bureau of Labor Statistics showed the Sporting Goods CPI Index at 101.6 for January, down 1.6% versus the January 2002 index. The drop was slightly less than the December decline of 1.8%…
SGMA: Spending for Athletic Footwear Rose 2.5% in 2002
U.S. consumers purchased nearly 7% more pairs of athletic footwear in 2002 than in 2001, but the average price paid per pair fell by 4.2%. The result was that total spending rose only 2.5%, according to research by The NPD Group…
Aeropostale February Comps Down 3.1%
Aeropostale, Inc. announced that total net sales for the four-week period ended March 1, 2003 increased 25.6% to $27.2 million, compared to $21.6 million for the four weeks ended March 2, 2002…
American Eagle February Comps Decline 7.0%
American Eagle Outfitters, Inc. announced that total sales for the four-week period ended March 1, 2003 increased 4.5% to $74.3 million, compared to $71.1 million for the four-week period ended March 2, 2002. Comparable store sales for the American Eagle
Nordstrom February Same-Store Sales Off 2.3%
Nordstrom, Inc. reported preliminary sales of $367.6 million for the four-week period ending March 1, 2003, an increase of 2.4% compared to sales of $359.1 million for the four-week period ending March 2, 2002…
Genesco 2002 Earnings Slip as Jarman Rocks
Genesco Inc. reported Journeys net sales increased 13% for Q4 2002 and same-store sales rose 1.0%. Journeys net sales for the year increased 14% to $436 million and same store sales were flat. Underground Station/Jarman Group Q4 sales increased 13% to $4
Wolverine: Onward and Upward, without Athletic Specialty
At a recent Bear, Stearns Investor Conference in NYC, WWW EVP and CFO, Stephen Gulis described the rapid rise in fortunes at Wolverine…
Nike Renews Monitoring Group Deal…
Nike’s plan to renew its funding for a group that is charged with monitoring its factory policies and conditions raises a number of questions about how independent – and effective – such groups can be in their pursuit of fair treatment for millions of fac
Brown Shoe Sees IMPACT of Initiatives…
Brown Shoe Company announced dramatically higher earnings for fiscal 2002 as a direct result of management’s turnaround initiatives. With the effects of nonrecurring gains and nonrecurring losses factored out, the company's earnings rose 56% for the
Creditor Takes Lead in Cannondale Bid…
Cannondale’s creditors weren’t happy with bankruptcy proceedings on Friday that saw the appointment of one the company’s largest creditors, Pegasus Partners II, as the “stalking horse” in auction proceedings scheduled for March 20, 2003 Company assets…
