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Friedman Stroffe & Gerard, P.C.

FSG’s Action Sports Practice Group provides legal services to the action sports industry. Our clients include surfers, skiers, snowboarders and skaters, as well as sponsors and leading apparel companies. Our attorneys serve in positions with industry organizations such as the Association of Surfing Professionals. We know your business and can provide full-service legal solutions to meet your organizational needs.

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Industry Insight


ROTH CAPITAL PARTNERS: Hosting 27th Growth Stock Conference March 8-11 in Dana Point, Calif.
Details on Industry Insight.


Tiffany Montgomery
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Shoppers emerge from deep sleep

By Tiffany Montgomery
April 08, 2010 6:58 AM

Retailers reported better expected results Thursday for March as consumers began shopping more and because of easy comparisons vs. last year and the earlier Easter.

Here’s a roundup of March same stores sales for some industry customers and competitors.

A reminder: PacSun doesn’t report monthly same store sales any more.

Yesterday, we reported Zumiez’s same store sales results.

Mall chains

The Buckle: up 7.2%

Hot Topic: down 7.5%. Company authorized special $1 per share dividend in addition to regular 7 cents dividend.

Wet Seal: up 6.3%

Gap: up 11%, all divisions positive.

Hollister: down 1%

Aeropostalé: up 19%, raised guidance

Department stores

Nordstrom: up 16.8%, opening at Fashion Island in Newport Beach in April.

Macy’s: up 10.8%, better than expected

Dillard’s: up 9%, junior’s, children’s, shoes strong

JC Penney: up 5.4%, raised guidance

Big Box

Target: up 10.3%, apparel strong

Kohl’s: up 22.5%, all lines of business and regions positive. Increased traffic drive sales.

 

 


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