Posts filed under ‘Fashion’

Tanger Declares Dividend

Tanger Factory Outlet Centers, Inc. (NYSE:SKT), announced that its Board of Directors declared a dividend of $0.3875 per common share for the second quarter ended June 30, 2010. On August 13, 2010, a cash dividend of $0.3875 per share will be payable to holders of record on July 30, 2010. The Company has paid dividends each quarter since it became a publicly traded company in May 1993.

The Company’s Board of Directors also declared a dividend of $0.46875 per share on its 3,000,000 7.5% Class C Preferred Shares. A cash dividend of $0.46875 per Preferred Share will be payable o…

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Source Link : Fibashion.com

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July 9, 2010 at 1:00 pm Leave a comment

Gap Inc. Reports June Sales

Gap Inc. (NYSE: GPS) reported that June 2010 net sales were up 2 percent from last year. Net sales for the five-week period ended July 3, 2010 were $1.31 billion compared with net sales of $1.29 billion for the five-week period ended July 4, 2009. The company’s comparable store sales for June 2010 were flat compared with a 10 percent decrease in June 2009.

Comparable store sales for June 2010 were as follows:

  • Gap North America: negative 3 percent versus negative 10 percent last year
  • Banana Republic North America: positive 6 percent versus negative…

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    Source Link : Fibashion.com

July 9, 2010 at 1:00 pm Leave a comment

Nordstrom Reports June Sales

Nordstrom, Inc. (NYSE:JWN) reported a 14.1 percent increase in same-store sales for the five-week period ended July 3, 2010 compared with the five-week period ended July 4, 2009. Preliminary total retail sales of $822 million for June 2010 increased 19.8 percent compared with total retail sales of $686 million for the same period in fiscal 2009. June 2010 multi-channel same-store sales were enhanced by an estimated 350 to 400 basis points due to the timing shift of Nordstrom’s Half-Yearly Sale for Women and Kids, which started on Wednesday, May 26th. In 2009, the event began on May 20th.

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Source Link : Fibashion.com

July 9, 2010 at 1:00 pm Leave a comment

Zumiez Inc. Reports June 2010 Sales Results

Zumiez Inc. (NASDAQ: ZUMZ), a leading specialty retailer of action sports related apparel, footwear, equipment and accessories, announced that total net sales for the five-week period ended July 3, 2010 increased 16.4% to $37.2 million, compared to $32.0 million for the five-week period ended July 4, 2009. The company’s comparable store sales increased 10.9% for the five-week period, versus a comparable store sales decrease of 19.3% in the year ago period.

To hear the Zumiez prerecorded June sales message, please dial (585) 295-6795 (no passcode is required).

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Source Link : Fibashion.com

July 8, 2010 at 1:00 pm Leave a comment

Macy’s Brings Fun and Fashion Together for Kids This Back-to-School Season

Macy’s (NYSE:M) announced a series of unique special events and promotions to secure its place as the national back-to-school headquarters. Showcasing the latest trends, affordable brands and engaging educational activities, kids of all ages will go back-to-school in style and ready to learn. From KIDZ BOP sing-alongs to Spelling Bee competitions, families can visit their local Macy’s this back-to-school season and rediscover the magic of being a kid.

“Our goal for back-to-school is to create an environment where moms and kids can have fun together as they prep for a new scho…

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Source Link : Fibashion.com

July 8, 2010 at 1:00 pm Leave a comment

Macy’s Launches New Brands, Creates Kinect(TM) for Xbox 360(R)

Macy’s (NYSE:M) today announced aggressive new back-to-school efforts that will position the retailer as the shopping destination for tweens, teens and college coeds readying for the new school year. The robust initiatives include the launch of “Material Girl” by Madonna and her daughter Lola, a new young men’s fashion brand, line extensions for three current juniors brands, exclusive “Glee”- branded product, a new mstylelab sitelet for teens, and a partnership with Microsoft for an exclusive preview of the revolutionary Kinect(TM) for Xbox 360(R).

“We have an incredible line…

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Source Link : Fibashion.com

July 8, 2010 at 1:00 pm Leave a comment

Limited Brands Announces Sale of Remaining Stake in Limited Stores

Limited Brands, Inc. announced the sale of its remaining 25 percent stake in Limited Stores, LLC. Under the transaction terms, Limited Stores, LLC, which operates retail locations called The Limited, purchased Limited Brand’s remaining interest in the company for $32 million.

In 2007, Limited Brands sold a 75 percent stake in Limited Stores to an affiliate of Sun Capital Partners, a private investment firm that now owns 100 percent of Limited Stores. Limited Stores has more than 220 mall locations throughout the United States.

“This sale supports our focus on intimate app…

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Source Link : Fibashion.com

June 18, 2010 at 1:21 pm Leave a comment

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