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DSW First Quarter Comps Slide 5.4%
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 Squeaks Out Mild Comp Gain
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)
Heelys' Revenues Nosedive 73.5%
Heelys, Inc. reported sales tumbled 73.5% for the first quarter of 2008, to $13.1 million from $49.4 million a year ago. The company reported a net loss for the quarter of $1 million, or 4 cents a share, compared to net income of $8.5 million, or 30 cents a share, a year ago. Excluding the costs associated with the transition to a new CEO, Heelys lost 2 cents a share...(5/8/2008)
Snowsport Sales up 10.4% in 2007-08 Season
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)
Bakers Q1 Comps Drop 11.1%
Bakers Footwear Group, Inc.'s sales in the thirteen weeks ended May 3 decreased 11.6% to $43.5 million from $49.3 million a year ago. Comps fell 11.1%, compared to a decline of 9.3% in the comparable period last year...(5/8/2008)
Etonic Names VP/GM for Stonefly
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)
Heavy Promotions Boost Saks' Comps by 24%
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)
J.C. Penney April Comps Slip 1.7%
J. C. Penney Company, Inc. saw comparable store sales decrease 1.7% for the month of April, compared to guidance for sales to decrease mid- to high-single digits and compared to a 3.4% decrease last year. Net sales increased 0.9% for the month to $1.33 billion from $ 1.32 billion last year...(5/8/2008)
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