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BUSINESS
By LORRAINE MIRABELLA and By LORRAINE MIRABELLA,SUN STAFF | February 3, 2001
Athletic footwear and apparel designer Fila Holding SpA will continue closing unprofitable outlet stores in the United States this year in a corparatewide restructuring, the Italian company said yesterday. Fila, based in Biella, Italy, expects to take a one-time charge in 2000 of about 14 billion lire, or $6.8 million, to return the retail division to profitability. It also expects its loss for the year to widen. Because of the restructuring, which includes accelerating plans to pull out of unprofitable markets in Uruguay, the Philippines, South Africa and East Africa.
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BUSINESS
Lorraine Mirabella | October 15, 2013
 Most consumers will spend the same as or more than last year on holiday shopping, the NPD Group Inc. reported late Tuesday. The group's annual holiday spending survey showed that nearly 80 percent of shoppers will spend about the same or more compared to the 2012 holiday season. About a fifth of those polled said they plan to spend less this year. “Consumers are feeling better about the economy compared to last year and they plan to take advantage of sales during key periods,” said Marshal Cohen, NPD's chief industry analyst.
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BUSINESS
By BOSTON GLOBE | December 22, 1997
FREEPORT, Maine -- Burton Brewer still savors the tangible and detailed fabric of small-town life. The man at the record store knows Brewer and his tastes. He is received warmly at the coffee shop. Friends and neighbors greet him or stop to chat as he makes his way from shop to shop on Main Street.The problem for Brewer is that all this community warmth takes place 10 miles from the town where he lived for 50 years. Freeport is his home, but downtown Brunswick is his village.Freeport, he said, has been consumed by retail outlets and has lost its center -- literally and culturally.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | June 9, 2011
It took Under Armour 15 years to become a billion-dollar sports apparel company. It doesn't plan to take things so slowly anymore. President and CEO Kevin Plank told investors and analysts Thursday that the Baltimore-based company's goal is to double growth in the next three years to more than $2 billion. Plank said the increase would be driven by apparel sales and its direct-to-consumer business, which includes e-commerce and sales from company-owned retail stores. They will also raise prices on some items to offset the rising cost of materials used in their production.
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | July 10, 1997
An attempted revival of Hunt Valley Mall -- the region's white elephant mall -- will begin in several months with the addition of outlet stores and discount retailers.Wal-Mart Stores Inc., a 12-screen cinema, a bank and three new restaurants will be added to the mall as will many new small retailers, said Howard Biel, a partner with the Faison Group of Charlotte, N.C., which is redeveloping the mall.Biel said yesterday that Hunt Valley's owner, Equitable Life Assurance Society, had committed to proceed with the redevelopment plan that would add some 170,000 square feet of space in the first phase of a major redevelopment.
BUSINESS
By Chicago Tribune | August 17, 1993
CHICAGO -- The remaining remnant of the "Big Book" catalog of Sears, Roebuck and Co., the company's catalog outlet stores, will be shuttered at the end of September, the company announced yesterday.Sears said the remaining 67 catalog stores and three catalog warehouses will be closed, virtually completing the closure of the 106-year-old catalog operation.The company had anticipated the stores would remain open until the end of the year, but merchandise has been selling quicker than anticipated.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | March 31, 1999
The Cosmetic Center Inc., hoping to stem losses in its struggling business by cutting operating costs, is closing nearly half its cosmetics retail and outlet stores and laying off 875 employees.The Columbia-based cosmetics retailer said it will pull out of the Chicago and North Carolina markets and close all but one store in Philadelphia to concentrate on a core group of stores in the mid-Atlantic.Spokeswoman Wendi Kopsick said yesterday that the moves "follow a comprehensive analysis of the business and are intended to reduce operating costs and position the company to be successful in the future."
FEATURES
By Sheila Anne Feeney and Sheila Anne Feeney,New York Daily News | November 25, 1993
Some people spend their vacations reveling in the natural wonders of the world. Then there are those who spend their free time spending. To their minds, Yellowstone or Mount Rushmore can't hold a candle to the racks of a Burlington Coat Factory or Bugle Boy outlet."
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | June 13, 2001
J. C. Penney Co., one of the nation's largest department store and catalog companies, said yesterday that it will close its outlet store at Security Square Mall in western Baltimore County by Aug. 11 and lay off 175 employees. The Security Square store is Penney's 42nd store closing this year and its fourth outlet store to shut down, said spokesman Tim Lyons. The company will attempt to place employees at its four other area stores. The store closing is part of a restructuring strategy that Penney's chairman and chief executive, Allen I. Questrom, announced in January to keep the company competitive.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN REPORTER | April 30, 2008
Shares of Under Armour slid more than 10 percent yesterday after the Baltimore sports apparel company said plans to get rid of excess merchandise by reducing prices at its outlet stores would force it to lower year-end earnings and gross margins. The company said it expected year-end income from operations of $103.5 million to $104.5 million, down from its previous estimate of $108.5 million to $110.5 million. Gross margins are expected to fall 30 basis points to 50 percent. Under Armour had previously expected gross margin improvements of 40 to 50 basis points.
BUSINESS
By From Sun Staff and news services | March 30, 2011
Men's apparel and accessories retailer Jos. A. Bank Clothiers Inc. reported Wednesday higher quarterly results that beat market expectations. The Hampstead-based company, which has been expanding its store base, saw strong demand in November, helped by Black Friday sales in the lead-up to the holiday season. Fourth-quarter earnings rose to $40.9 million, or $1.47 a share, compared with $35.5 million, or $1.28 a share, a year ago. Revenue jumped 14 percent, to $318.3 million, the company reported.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | November 15, 2010
Shoppers with upscale tastes but shallow pockets are finding more shopping choices with a recent resurgence in outlet and off-price stores being rolled out by major retailers. Discount shopping isn't new. Bargain shoppers have trekked out to outlet malls for decades seeking discounts. Stores like TJ Maxx and Marshalls, who buy leftover goods from department stores and other places and sell them at a markdown, have prospered during the weak economy. But retailers are discovering new opportunities in discount and outlet shopping as frugal consumers are being more careful about what they spend and retailers are looking for ways to grow.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | July 27, 2010
A strategy by Under Armour to aggressively expand its outlet store business seems to have paid off as the sports apparel company announced Tuesday that its second-quarter earnings more than doubled on increased apparel sales. Growth of apparel sales was the strongest in 10 quarters, with much of the increase being driven by direct-to-consumer sales, which increased 60 percent for the quarter ended June 30. Direct-to-consumer sales include outlet stores, full-price stores and the Web business.
BUSINESS
By Andrea K. Walker | andrea.walker@baltsun.com | April 12, 2010
Men's clothier Jos. A. Bank said Monday morning that it is entering the factory outlet business, opening five stores by the end of this fiscal year. If the five stores perform well, the company will open more in the future. There is the potential to open 50 to 75 factory stores in the U.S., R. Neal Black, president and CEO of Jos. A. Bank said in a statement. The company now has seven clearance outlet stores where it sells overstock from its full-priced stores. The company has developed new merchandise to sell in the newest stores.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN REPORTER | April 30, 2008
Shares of Under Armour slid more than 10 percent yesterday after the Baltimore sports apparel company said plans to get rid of excess merchandise by reducing prices at its outlet stores would force it to lower year-end earnings and gross margins. The company said it expected year-end income from operations of $103.5 million to $104.5 million, down from its previous estimate of $108.5 million to $110.5 million. Gross margins are expected to fall 30 basis points to 50 percent. Under Armour had previously expected gross margin improvements of 40 to 50 basis points.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | February 17, 2004
Filene's Basement Corp., the nearly century-old institution where shoppers have been known to change in the aisles to nab a discount on designer goods, is opening a store in Towson next month. The Woburn, Mass.-based company is moving into a 40,000-square-foot space that was formerly home to DSW Shoe Warehouse at Towson Place Shopping Center. The store is scheduled to open the last week of March at the shopping complex at Putty Hill Avenue and Goucher Boulevard. The move is part of an expansion plan by the 21-store retailer as it seeks to rebuild after a 1999 bankruptcy reorganization that shuttered 35 of its stores.
BUSINESS
By Andrea K. Walker, The Baltimore Sun | November 15, 2010
Shoppers with upscale tastes but shallow pockets are finding more shopping choices with a recent resurgence in outlet and off-price stores being rolled out by major retailers. Discount shopping isn't new. Bargain shoppers have trekked out to outlet malls for decades seeking discounts. Stores like TJ Maxx and Marshalls, who buy leftover goods from department stores and other places and sell them at a markdown, have prospered during the weak economy. But retailers are discovering new opportunities in discount and outlet shopping as frugal consumers are being more careful about what they spend and retailers are looking for ways to grow.
BUSINESS
By From Sun Staff and news services | March 30, 2011
Men's apparel and accessories retailer Jos. A. Bank Clothiers Inc. reported Wednesday higher quarterly results that beat market expectations. The Hampstead-based company, which has been expanding its store base, saw strong demand in November, helped by Black Friday sales in the lead-up to the holiday season. Fourth-quarter earnings rose to $40.9 million, or $1.47 a share, compared with $35.5 million, or $1.28 a share, a year ago. Revenue jumped 14 percent, to $318.3 million, the company reported.
NEWS
By Jeff Barker and Jeff Barker,SUN NATIONAL STAFF | June 3, 2003
GETTYSBURG, Pa. - For decades, Pennsylvania's state-controlled liquor store system has lumbered along, an elephant-like monopoly reaping hundreds of millions of dollars a year while losing customers in droves to border-state stores with cheaper prices and more aggressive marketing. But take notice, Maryland and other neighboring states. Jumbo is stirring. Proclaiming itself ready to enter a new era, Pennsylvania opened four outlet liquor stores yesterday with newly competitive prices that it hopes will have a speed-bump effect on its residents, who regularly violate state law by heading over the border to avoid their commonwealth's 18 percent liquor tax. "The whole idea here is to be competitive to the extent we can," said Pennsylvania Liquor Control Board spokesman Bill Epstein.
BUSINESS
By Gus G. Sentementes and Gus G. Sentementes,SUN STAFF | June 13, 2001
J. C. Penney Co., one of the nation's largest department store and catalog companies, said yesterday that it will close its outlet store at Security Square Mall in western Baltimore County by Aug. 11 and lay off 175 employees. The Security Square store is Penney's 42nd store closing this year and its fourth outlet store to shut down, said spokesman Tim Lyons. The company will attempt to place employees at its four other area stores. The store closing is part of a restructuring strategy that Penney's chairman and chief executive, Allen I. Questrom, announced in January to keep the company competitive.
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