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DSW Inc. reported net sales for the first quarter ended May 3, 2008 increased 2.6% to $366.3 million compared with $357.0 million for the quarter ended May 5, 2007. Same store sales decreased 5.4% for the quarter after a decrease of 3.6% last year...(5/8/2008)
* * * Eddie Bauer Holdings, Inc. squeaked out an 0.5% increase in same store sales on a 3.9% growth at its retail stores and a 3.1% decline at its outlet stores. The company said its first quarter loss was reduced to $19.3 million from $44.8 million a year ago...(5/8/2008)
* * * Jarden Corporation reported a 48.3% jump in first quarter net sales to $1.22 billion compared to $820.9 million for the same period in the previous year. Net sales were buoyed by the acquisitions of Pure Fishing and K2 Inc. On an organic basis, net sales in the Outdoor Solutions business grew 3.6% for the quarter. Net income for the quarter grew to $4.7 million, or 6 cents per diluted share, from $1.4 million, or 2 cents per diluted share, in the first quarter of 2007...(5/8/2008)
* * * The snow sports products market grew by $280 million to reach $2.97 billion for the 2007.08 season, up 10.4% from approximately $2.69 billion in all channels last season, according to the latest SIA survey. Equipment sales were relatively flat in specialty shops and chain stores, but increased by more than $40 million in online sales. Apparel sales increased by more than $100 million with snowboard tops and parkas selling very well in all channels...(5/8/2008)
* * * Hanesbrands Inc., the parent of Hanes and Champion, said Ronald L. Nelson, chairman and chief executive of car rental company Avis Budget Group Inc., has been elected to its board of directors, effective July 21. Nelson, 55, will serve for a term that will end at the 2009 annual shareholders meeting...(5/8/2008)
* * * The acquisitions of Backcountry.com and Bodybuilder.com helped propel revenue and operating cash flow growth of 113% and 144%, respectively at Liberty Interactive Group's e-commerce group for the quarter ended March 31, 2008, Liberty Media Corporation reported...(5/8/2008)
* * * PacSun said same store sales increased 4% in the fiscal month of April on a 5% increase in sales at its PacSun division. The company said total sales for its first quarter dipped slightly on a 1% decline in same-store sales. It said it expected to earn 17 to 18 cents per diluted share in the quarter, after taking a 7 cent charge for closing down a distribution center...(5/8/2008)
* * * Dillard’s, Inc. reported a 4% decline in same store sales during the four weeks ended May 3, 2008 on a 3% decline in total sales to $476.8 million. For the quarter ended May 3, comp store sales were down 6% on a 5% decline in total sales. Sales in the home and furniture category were down significantly below trend. Sales were above trend in its Central region, slightly below in the Western and below trend in the Eastern region..
(5/8/2008)
* * * Etonic Worldwide has named Russ Curran as VP/general manager for Stonefly USA, a division of Etonic Worldwide, LLC. Curran comes to Stonefly USA with more than 20 years of experience in the footwear industry. He was most recently VP of sales at PSB Shoe Group where he increased sales 139 percent in two years. Prior to PSB Shoe Group, he held senior sales positions at Geox Footwear and Rockport...(5/8/2008)
* * * Luxury department store retailer Saks Inc. reported a 23.9% increase in comp store sales, but said it came at the cost of cannibalizing May sales by accelerating clearance events. The company said the heightened promotions will hurt its first quarter margins, but will diminish year-over-year in the second quarter. IN Q2, Saks expects comp sales growth will slow to the single digits, while margins will improve year-over-year...(5/8/2008)
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