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- Gerber
Childrenswear Announces Fourth Quarter and 2001 Year-End
Results; Slowdown Attributed to a Decline in Character
Licensing Sales
(New York, NY) Gerber
Childrenswear, Inc. today announced financial results for
the fourth quarter and full year ended December 31, 2001.
- Stride
Rite Reports First Quarter Results; Sales of the
Children's Group Increased 3%
(Lexington, MA) The Stride Rite
Corporation today reported financial results for the
first quarter of its 2002 fiscal year.
- Consumer
Confidence Surges in March
(New York, NY) The Conference
Board's Consumer Confidence Index, after a small dip in
February, surged in March. The Index climbed to 110.2
(1985=100), up from 95.0 in February. Both key barometers
increased. The Present Situation Index rose from 96.4 to
111.5. The Expectations Index increased from 94.0 to
109.3.
- Lundgren
Appointed COO: Federated Board Reports Extension of
Zimmerman Contract as
Chairman/CEO
(Cincinnati, OH) Federated
Department Stores, Inc. announced today a title change
and expanded responsibility for Terry J. Lundgren.
Lundgren, 50, who has served as president and chief
merchandising officer of the company since May 1997, will
assume the additional title of chief operating officer,
effective April 15.
- Quiksilver's
Retail Division Expands into Chicago Market: Youth Store
Set To Open
(Huntington Beach, CA)
Quiksilver is pleased to announce the openings of two new
concept shops in the Woodfield Shopping Center in
Schaumburg, Illinois.
- Elder-Beerman
Reports Fourth Quarter and Fiscal 2001
Results
(Dayton, OH) The Elder-Beerman
Stores Corp. net income for the fourth quarter ended
February 2, 2002, was $9.7 million versus $8.5 million in
the same period in 2000. Net income per diluted share for
fourth quarter 2001 was $0.84, compared to $0.75 in the
fourth quarter of 2000, an increase of 12 percent per
share.
- Goody's
Family Clothing Reports Fiscal 2001 Fourth Quarter and
Year-End Results
(Knoxville, TN) Goody's Family
Clothing, Inc. today reported a net loss for the fourth
quarter ended February 2, 2002 (13 weeks), of $7,674,000,
or ($0.24) per share, compared with net earnings of
$11,135,000, or $0.34 per diluted share, for the fourth
quarter ended February 3, 2001 (14 weeks). Total sales
for the fourth quarter of fiscal 2001 (13 weeks) were
$363.1 million compared with $400.3 million for the
fourth quarter of fiscal 2000 (14 weeks). Comparable
store sales for the fourth quarter of fiscal 2001
decreased 8.7% compared with the fourth quarter of fiscal
2000 (on a comparable 13-week basis).
- Bruce
Morrison Promoted to Vice President, Retail Marketing,
Disney Consumer Products
(Burbank, CA) Consumer Products
industry veteran Bruce Morrison has been promoted to vice
president, retail marketing, for Disney Consumer Products
(DCP), it was announced by Andy Mooney, president, Disney
Consumer Products Worldwide. Morrison previously held the
position of managing director, licensing retail and
marketing, DCP Canada.
- "Business-First"
Atmosphere Drives Top Retailers, Manufacturers to
Inaugural Surf Expo West Back-To-School Trade
Show
(Anaheim, CA) Following the
successful debut of the West Coast's first-ever
surf/skate/street back-to-school (BTS) trade show, March
11-12 at the Anaheim Convention Center, Surf Expo
announced plans to return to the venerable Southern
California venue on March 6-7, 2003.
- Manufacturing
Leads the Way in E-Commerce; Census Bureau Releases
E-Business Report for 2000
(Washington) The Commerce
Department's Census Bureau today released a snapshot of
e-commerce activity for key sectors of the U.S. economy
for 2000, showing U.S. manufacturing leading all industry
sectors with $777 billion in e-commerce shipments. The
report also revises previously-released data for 1999.
- Burlington
Coat Factory Reports Third Quarter
Sales
(Burlington, NJ) Burlington
Coat Factory Warehouse Corporation announced today that
net sales for the third quarter ended March 2, 2002 were
$779.8 million compared with $722.7 million for the
comparative period ended March 3, 2001, a 7.9% increase.
- The
Bon-Ton Stores, Inc. Announces Fourth Quarter and Fiscal
2001 Results
(York, PA) The Bon-Ton Stores,
Inc. today reported results for the fourth quarter and
fiscal year 2001 ended February 2, 2002.
- Saks
Inc. Reports Final Operating Results for the Fourth
Quarter and Year Ended February 2,
2002
(Birmingham, AL) Retailer Saks
Incorporated today announced final results for the fourth
quarter and year ended February 2, 2002. Final results
are consistent with preliminary results reported by the
Company on February 21, 2002.
- Gottschalks
Reports Fiscal 2001 Fourth Quarter and Full-Year
Financial Results
(Fresno, CA) Gottschalks Inc.
today reported financial results for the fourth quarter
and fiscal year ended February 2, 2002.
- Hudson's
Bay Company Reports Fourth Quarter and Year-End
Results
(Toronto) Hudson's Bay Company
announced that sales and revenue in the fourth quarter
ended January 31, 2002 grew 3.4% to $2.468- billion from
$2.386 billion in the previous year.
- Jacobson's
Hires Financo, Inc. as Financial Advisor to Explore
Strategic Options; Announces Nasdaq
De-Listing
(Jackson, MI) Jacobson Stores
Inc. today announced it has hired Financo, Inc., a New
York-based investment banking firm, to assist the company
in identifying and evaluating restructuring alternatives
during the Company's Chapter 11
reorganization.
- Ross
Stores Reports Record Results in Fourth Quarter and
Fiscal 2001; Children's Is One of Strongest Merchandise
Departments
(Newark, CA) Ross Stores, Inc.
today reported earnings per share for the 13 weeks ended
February 2, 2002 of $.62, compared to $.56 for the 14
weeks ended February 3, 2001. Net earnings for the 13
weeks ended February 2, 2002 totaled $50.0 million,
compared to net earnings for the 14 weeks ended February
3, 2001 of $45.2 million. Sales for the fourth quarter of
2001 increased 9% to $848 million with comparable store
sales up 8% over the prior year.
- Kmart
To Close 284 Under-Performing Stores Based on Financial
Objectives Review
(Troy, MI) Kmart Corporation
today announced that it intends to close 284
under-performing stores as part of its initial Chapter 11
financial objectives review. The stores to be closed
include 271 Kmart discount stores and 12 Kmart
Supercenter retail outlets in 40 states, and 1 Kmart
store in Puerto Rico.
- Six
Months After 9/11 Confidence Is Up but Consumers Declare
"We Have Changed," According to
BIGresearch
(Columbus, OH) Six months after
9/11, 44.4% of consumers say they have changed and become
more practical and realistic when making a purchase and
52.2% of them say this change is long-term. That's
according to the March Consumer Intentions and Actions
survey of 7,000 consumers by BIGresearch. The survey was
conducted March 1-7.
- ShopKo
Stores Report Fourth Quarter and Fiscal Year
2001
(Green Bay, WI; March 14 2002;
PRNewswire-First Call) ShopKo Stores, Inc. today
announced sales and earnings for the fourth quarter (13
week period) and fiscal year 2001 (52-week period), ended
February 2, 2002.
- Stein
Mart Announces 4Q, FY '01 Financial
Results
(Jacksonville, FL) Stein Mart,
Inc. today announced financial results for its fourth
quarter and fiscal year ended February 2, 2002. Stein
Mart's 2001 fiscal year represents a change to a 52-53
week year ending the Saturday closest to January 31; in
prior years, the Company's fiscal year ended on the
Saturday closest to December 31.
- Lands'
End Reports Record Fourth Quarter and Fiscal 2002
Earnings
(Dodgeville, WI)
Lands' End, Inc., the direct merchant of
classically styled apparel and home furnishings, today
reported record earnings for its fourth quarter and
fiscal year ended February 1, 2002.
- Gymboree
Reports Fourth Quarter and FY 2001 Results; Janie &
Jack High-End Baby Gifts Store Concept Will Launch in
Third Quarter of 2002
(Burlingame, CA) The Gymboree
Corporation today reported net income of $10.5 million or
$0.35 per share for the fourth fiscal quarter ended
February 2, 2002, compared to a net loss of $(1.2)
million or $(0.04) per share for the fourth fiscal
quarter ended February 3, 2001. The prior year loss
included a $3.1 after-tax charge related to Zutopia, a
division sold in March of 2001. For the 2001 fiscal year,
Gymboree® had net income of $4.6 million or $0.16 per
share, compared to a net loss of $(36.9) million or
$(1.38) per share for the 2000 fiscal year.
- Retailers'
February Same Store Sales Results Released by
CreditRiskMonitor.com
(Floral Park, NY) The following
retailers posted sales results for the month of February
2002. The table below compares these results to last
year's numbers for each company.
- Talbots
Announces Record Fourth Quarter Earnings Per Share of
$0.53, Representing the Company's 15th Consecutive
Quarter of EPS Growth
(Hingham, MA) The Talbots, Inc.
today announced operating results for the thirteen-week
and fifty-two week periods ended February 2, 2002,
compared to the fourteen-week and fifty-three week
periods ended February 3, 2001.
- Al
Roker To Appear in New Weatherproof Advertising
Campaign
(New York) Weatherproof Garment
Company has signed Al Roker to appear in a series of
print advertisements, which will appear in major
newspapers, magazines, and in select outdoor advertising
beginning this month. The campaign marks Weatherproof's
first foray into celebrity-endorsed
advertising.
- Quiksilver,
Inc. Reports 2002 First Quarter Operating
Results
(Huntington Beach, CA)
Quiksilver, Inc., today announced operating results for
the first quarter ended January 31, 2002.
- Pitti
Immagine Bimbo Consolidates Recent Growth and Confirms
Its International Lead
(Florence, Italy) The 54th
edition of Pitti Immagine Bimbo - the international fair
showcasing children's clothing produced by Pitti Immagine
at the Fortezza da Basso in Florence - recorded a 3.8%
increase in foreign buyer attendance over the January
2001 edition. The number of Italian buyers remained
essentially stable (-1.4%) for a total turnout of 8,734
buyers versus 8,722 last year. There were 2,673 buyers
from more than eighty countries around the world.
- Toys
"R" Us, Inc. Reports Fourth Quarter and 2001 Fiscal Year
Results; Announces New Financing Strategies; Babies "R"
Us Division Had Positive Year
(Paramus, NJ) Toys "R" Us, Inc.
reported today the results for its fourth quarter and
2001 fiscal year. Total sales were $4.8 billion for both
the thirteen-week period ended February 2, 2002 and the
fourteen-week period ended February 3, 2001. Total sales
were $11.0 billion for both 52 week fiscal 2001 and 53
week fiscal 2000, after excluding sales of Toys "R" Us -
Japan which has been accounted for on the "equity method"
since its initial public offering on April 24,
2000.
- Dillard's,
Inc. Reports Record Fourth Quarter EPS of $1.21;
Children's Apparel Same-Store Sales Decreased 2% for the
Fiscal Year
(Little Rock, AR) Dillard's,
Inc. today announced record fourth quarter net earnings
per share of $1.21 for the 13 weeks ended February 2,
2002. Net income for the 13-week period was $102 million
($1.21 fully diluted earnings per common share) compared
to $66 million ($.78 per fully diluted share) for the 14
weeks ended February 3, 2001.
- Kohl's
Reports 4th Quarter Earnings Up 31%; Sixth Consecutive
Year of Earnings Growth Over 30%
(Menomonee Falls, WI) Kohl's
Corporation reported record sales and earnings for the
fourth quarter and year ended February 2, 2002.
- Target
Corp. Fourth Quarter Earnings Per Share $.73 Before 1
Cent Charge; Fiscal 2001 EPS $1.56 Before Unusual
Items
(Minneapolis, MN) Target
Corporation today reported earnings per share for the
fourth quarter ended Feb. 2, 2002 of 73 cents, compared
with 61 cents in the fourth quarter 2000, before a 1 cent
extraordinary charge in the current quarter for debt
repurchase. On the same basis, fourth-quarter net
earnings increased 20.1 percent to $663 million, compared
with $552 million in 2000. All earnings per share figures
refer to diluted earnings per share.
- Jacobson's
Stores Inc. Obtains Final Financing
Approval
(Jackson, MI) Jacobson Stores
Inc. has received final approval from the bankruptcy
court overseeing its Chapter 11 reorganization for a
one-year secured debtor-in-possession (``DIP'') revolving
credit facility of up to $100 million.
- The
Children's Place Posts 25% EPS Increase to $.70 in Fourth
Quarter Fiscal 2001; Company Expects to Open 130 New
Stores in Fiscal 2002, Including Expansion into
Canada
(Secaucus, NJ) The Children's
Place Retail Stores, Inc. today reported record sales and
earnings for the fourth quarter and fiscal 2001 ended
February 2, 2002.
- The
Neiman Marcus Group Reports Second Quarter Earnings;
Same-Store Sales Decreased 3%
(Dallas) The Neiman Marcus
Group, Inc. today reported diluted earnings per share of
$0.51 for the second quarter of fiscal 2002 compared to
diluted earnings per share of $0.84 for the second
quarter of fiscal 2001.
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