CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.
Details on Industry Insight.
Here's how some retail customers of action sports brands fared. I also posted results from industry competitor Hollister.
Same-stores sales: up 3 percent driven in part by increased promotions.
Total sales: up 5 percent
Weekly sales: sales were up 10 percent in week one and down 2 percent in weeks four and five.
Strong regions: Texas, Midwest
CEO Sally Frame Kasaks, left.
Weak regions: Desert Southwest, California, Florida
Apparel comps: up 17 percent, accounting for 81 percent of comp store sales
Girls apparel comps: up 30 percent, driven by Bullhead denim, tops, swim and dresses.
Guys apparel comps: up 6 percent, driven by Bullhead denim, shorts and tops
Accessories comps: down high teens
Footwear comps: down high 40s as PacSun exits the business.
Same-store sales: down 3.4 percent
Total sales: up 10.2 percent
CEO Rick Brooks, left
Strong categories: footwear and skate hardgoods
Weak categories: accessories, juniors apparel, men's apparel, boys apparel.
Comps by week: No. 1 - down 3.1 percent; No. 2 - down 1.2 percent; No. 3 - down 5.2 percent; No. 4 - down 3.4 percent; No. 5 - down 4.4 percent.
Same-store sales: down 8 percent
Guys comps: up mid-single digits
Girls comps: down low teens
Strong regions companywide: U.S. based tourist stores, international stores, Southwest.
Weak regions: West and Midwest
Strong female categories company-wide: jeans, swim
Weak female categories: graphic T's, knit tops
Strong male categories company-wide: knits, fragrance, shorts, jeans
Weak male categories: graphic T's, swim.
Nordstrom said this morning that the "competitive and economic environment remains challenging." The higher level of markdowns at Nordstrom led the upscale department store to lower profit forecasts for the current quarter.
The company said earnings per share will be at the low end or below its previous forecast of 65 to 70 cents.
June same-store sales: down 18.6 percent. A large part of the decline was from the shift of the half-yearly sale from June to May.
Quarter-to-date same-store sales: down 5.9 percent
Strong regions, May and June combined: South, Midwest, Northwest.
Weak regions: California
Strong categories, May and June: designer goods across all merchandise categories, cosmetics and accessories.