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(Secaucus, NJ) The Children's Place Retail Stores, Inc. today announced that through September 25, 2002, comparable store sales have declined 30% for the month-to-date, and 22% for the quarter-to-date, compared to the same periods last year. (Columbus, OH) In the next five years, Target could add 500 more stores and double its sales volume. (Oshkosh, WI) OshKosh B'Gosh, Inc., in its continued commitment to design excellence, today unveiled its strategy to revitalize its design effort. This new strategy centers around a key management hire and an expanded presence in New York, underscoring the Company's dedication to delivering fashion-relevant designs that will generate excitement in today's marketplace. (Oakland, NJ) Guess who will be appearing on Kushies' layette, apparel, and accessories? Little Nutbrown Hare and Big Nutbrown Hare, the main characters in the beloved story "Guess How Much I Love You" have hopped into the heart of Kushies Baby Products, A Division of D.D.F., Inc. of Ontario, Canada. Kushies has just signed an agreement with Candlewick Press and RJM Licensing, Inc. for the master apparel rights to the infant/toddler property Guess How Much I Love You. Kushies will feature the characters, text, and artwork, which appear in the Guess How Much I Love You book on their products, anticipating a launch date at specialty and department stores in January of 2003. (Cincinnati, OH) Federated Department Stores, Inc. today released a listing of 42 stores nationwide that will be upgraded with the latest components of the company's "reinvent the department store" strategy in time for the 2002 holiday season. (Hollywood, FL) Business Wire's Monthly Retail Report is available on the day that retail sales figures for the previous month's sales are announced by the various retailers nationwide, usually the first Thursday of each month. (New York) A new study shows that business decision makers are more heavily influenced by advertising on the Web than advertising on any other top medium. The study, which was jointly conducted by washingtonpost.com, Nielsen//NetRatings @plan and MORI Research, also found that increased usage of the Web by decision makers is leading directly to their decreased usage of leading traditional media. (New York) For the remainder of 2002, Standard & Poor's expects that specialty retailers -- regardless of any improvement in the overall economy -- will continue to face pressure on sales and profits as a result of intense competition, market saturation, and limited pricing flexibility. This forecast is revealed by Standard & Poor's specialty retail equity analyst, Karen Sack, in the August 29 Industry Survey on Retailing: Specialty. This report, which covers retailers that sell a single category of merchandise or a few closely related categories, is published by Standard & Poor's, a leading provider of financial research and investment analysis. (New York, NY) Patrick J. Burns has been named president of Kellwood's Gerber Childrenswear division according to Robert C. Skinner, Jr., corporate vice president in charge of childrenswear, men's sportswear, and intimate apparel for Kellwood. (Birmingham, AL) Retailer Saks Incorporated today announced an exclusive agreement with celebrated actress, artist, and author Jane Seymour to develop and sell a unique, branded line of Jane Seymour lifestyle home products and children's apparel in its Saks Department Store Group (SDSG) stores. (New York, NY) AUSTRAL-USA Group, LLC and Run Scotty Run announce the American debut of the stylish Australian children's apparel line with its three GIRLS collections for Spring-Summer 2003: CABBAGE ROSE, STARBURST and HIBISCUS. Size range is Infant to size 7. Run Scotty Run will be on display at the October 20-22 Children's Club show in New York. (Ann Arbor, MI) E-retailers give their own industry failing grades, according to a new survey of 273 industry executives. |
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