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.
November same-store were pretty grim across the board - except for The Buckle. In addition to the dip in consumer spending, results were negatively impacted by one less week of post Thanksgiving holiday shopping in November this year vs. 2007.
The company was "pleased" with results over Thanksgiving weekend, with comp sales rising 2 percent during those three days. The increase appeared to be driven by discounts, with the average transaction value down 20 percent.
Nov. same-store sales: down 10 percent
Average number of transactions: up low double digits
Average transaction value: down 20 percent
Apparel comps: up 3 percent
Juniors apparel: up 13 percent, led by Bullhead denim, tops
Young men's apparel: down 6 percent. Knits and Bullhead denim strong, T's and fleece weak
Footwear: down 72 percent. The company will be out of footwear business by year-end.
Accessories: down 44 percent.
Regions: same-store sales down in all regions except Midwest, where same-store sales were up low single digits.
Nov. same-store sales: down 15 percent
Number of transactions: down (the company does not provide actual figures)
Avg. unit retail: down
Strong categories: footwear
Weak categories: men's, juniors, and boys apparel; hardgoods; accessories.
Regions: Stores west of Texas were down in the low 20's, which accounts for 52 percent of Zumiez comp store base.
The Buckle continues to operate in an alternate universe compared most other retailers these days.
Nov. same-stores sales: up 15 percent
Total women's sales: up 28 percent, led by denim, knit tops, sweaters, outerwear, accessories and footwear.
Total men's sales: up 15 percent, led by denim, woven and knit shirts and outerwear.
Accessories: up 36.5 percent
Footwear: up 15.5 percent
The company said it had a strong Thanksgiving weekend and that same-stores sales were in line with guidance given the calendar shift.
Nov. same-store sales: down 13.3 percent
Nov. same-store sales: down 15.9 percent
Strong categories: Contemporary women's apparel, junior's apparel, cosmetics
Best region: South
The company's decision not to discount continues to hurt the top line. It will be interesting to see, however, how its margins compare with other retailers at the end of the fourth quarter.
Nov. total company same-store sales: down 28 percent
Hollister same-store sales: down 29 percent