SGB Update

Nordstrom January Comps Inch Up 0.8%; Year Comps Up 1.3%

February 6, 2003

Nordstrom, Inc. reported preliminary sales of $316.5 million for the four-week period ending February 1, 2003, an increase of 6.7% compared to sales of $296.6 million for the four-week period ending February 2, 2002. Same-store sales increased 0.8%…

Saks Inc. January Comps Decrease 2.1%

February 6, 2003

Retailer Saks Incorporated announced that comparable store sales for the four weeks ended February 1, 2003 compared to the four weeks ended February 2, 2002 decreased 2.1% on a total company basis. By segment, comparable store sales were flat for SDSG and

Wal-Mart January Comps Up 2.3%

February 6, 2003

Wal-Mart Stores, Inc. reported net sales for the four-week period ending January 31, 2003, of $17.391 billion, an increase of 12.9 percent over the $15.399 billion in the similar period in the prior year. Total U.S. comparable store sales were up 2.3%…

Deep Discounts Mean Retail Stores Feel Pain

February 6, 2003

Laurie Gilbert traveled down from Freeport Tuesday to look for socks at the Maine Mall. She ended up finding sales she couldn't refuse, and walked away with some compact disks and a pair of shoes — as well as the socks that initially drew her to

Sears January Same-Store Sales Decrease 8.0%

February 6, 2003

Sears, Roebuck and Co. announced total domestic store revenues for the four weeks ended February 1, 2003 were $1.6 billion, a 6.3 percent decrease compared with the four weeks ended February 2, 2002. Comparable domestic store revenues decreased 8.0%…

Hibbett Q4 Same-Store Sales Increase 2.4%

February 6, 2003

Hibbett Sporting Goods, Inc. announced net sales for the fourth quarter ended February 1, 2003, increased 12.0% to $75.5 million compared with $67.4 million for the 13-week period ended February 2, 2002. Comparable store sales for the fourth quarter incre

Urban Outfitters Q4 Comps Increase 1.3%

February 6, 2003

Urban Outfitters, Inc. announced total Company sales for the fourth quarter and the fiscal year ended January 31, 2003 were up 13% to $117.8 million from $103.9 million for the comparable quarter last year. Comparable store sales increased 1.3%. Comparab

The Wet Seal Fires CEO; COB Takes Helm

February 6, 2003

Specialty retailer The Wet Seal, Inc. announced that Kathy Bronstein, Vice Chairman and Chief Executive Officer, has been relieved of her duties, effective immediately. She will be succeeded for an interim period by Irv Teitelbaum, Chairman of the Board..

Nautilus 2002 Net Sales Surge 61%; EPS Up 50%

February 6, 2003

The Nautilus Group, Inc. announced reported net sales of $155.5 million for the fourth quarter of 2002 compared to $125.3 million for the corresponding period last year. Earnings per share for the fourth quarter were $0.69, compared to $0.57 for the corre