Advertisement
HomeCollectionsSales In Stores
IN THE NEWS

Sales In Stores

BUSINESS
By ALEC MATTHEW KLEIN and ALEC MATTHEW KLEIN,SUN STAFF | October 6, 1995
Another month, another drop in sales.Joppa-based Merry-Go-Round Enterprises Inc. reported that September sales, drained by the closing of unprofitable stores, fell 23 percent to $56.5 million, compared with $73.2 million over the same period last year.Back-to-school revenue did little to boost sales in stores open at least a year, an important measure of performance, which fell 10 percent.Company officials could not be reached for comment, but analysts detected some potential upside in the latest figures for Merry-Go-Round, an apparel chain of 955 stores selling contemporary fashions for young men and women.
Advertisement
BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | March 3, 1995
February is usually a slow month for retailers. But shoppers avoided stores even more than normal last month, results yesterday from major chains show.Retail experts blamed low inventory levels, rising interest rates and continued lack of interest in apparel. February's lackluster showing may also be a result of January, when vigorous post-holiday promotions at some chains increased revenue, analysts said."The trend in apparel being somewhat weak has continued," said Sally Wallick, who follows retailers for Legg Mason Inc., a Baltimore investment house.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF | November 9, 1995
Merry-Go-Round Enterprises Inc., reeling under declining sales and the cost of bankruptcy, is now plagued with another problem: fear.Sources within the company and industry observers say the fashion retailer, looking to cut its losses, is considering cutting the payroll and closing more stores.Company spokesman Michael W. Kempner said yesterday, "As a company policy, we don't respond to rumors, and these are rumors."Layoffs, sources said, would affect not only store clerks and managers but possibly upward of 100 workers at corporate headquarters, which had a payroll of about 600 at the beginning of the year.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF | October 11, 1996
U.S. retailers sent conflicting signals in September; yesterday they reported modest monthly sales gains and losses that analysts said could spell another tepid Christmas season."
BUSINESS
By Jay Hancock and Jay Hancock,Sun Staff Writer | February 3, 1995
A Business section article in some editions of The Sun yesterday incorrectly identified the employer of financial analyst Kenneth M. Gassman. Mr. Gassman works for Davenport & Co. in Richmond, Va.The Sun regrets the error.Jos. A. Bank Clothiers Inc. knitted up its raveled revenue last quarter, boosting same-store sales by a robust 8.2 percent when other menswear retailers struggled.The strong results for the three months ended Jan. 28 contrasted sharply with those of Bank's previous quarter, when same-store sales fell by 7.6 percent, causing the company's stock price to slip from $5.75 per share to the $4 range.
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | December 4, 1996
Maryland's holiday retail season appears to be off to a solid start, with several surveys showing shoppers thus far spending more this year than last.TeleCheck Services said Maryland's retail sales increased by 3.8 percent in November, while sales over the Thanksgiving shopping weekend increased by a less robust 1.1 percent in Maryland and 2.8 percent in Baltimore. The November figures for Maryland were better than the national average of 2.1 percent.The company's data is based on a comparison of the dollar volume of authorized checks written by consumers at about 20,000 stores nationwide.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF | August 29, 1996
Good. Bad. Or middling.Those are the ideas on how sales will shake out during the back-to-school selling season, perhaps the most important time for retailers other than Christmas -- although even that distinction is now in doubt."
BUSINESS
By Joann Muller and Joann Muller,Knight-Ridder Newspapers | December 25, 1991
DETROIT -- It's called the blue-light-special machine, but it doesn't look anything like K mart's legendary flashing beacon atop a movable cart.Yet customers are flocking toward it just as eagerly as toward the original, which store managers have used for years to announce unadvertised, 15-minute specials.The updated version is a vending machine near the store entrance that dispenses coupons for everything from basketballs to blue jeans.K mart began testing the machines last May at a handful of Detroit-area stores.
NEWS
By Larry Carson and Larry Carson,SUN STAFF | November 21, 2000
Howard County is likely to impose new restrictions on tobacco products next month that would make it the first county in the Baltimore area to ban self-service displays. At least one tobacco company said it supports such controls. But tobacco wholesalers in Maryland are gearing up to oppose the bill - which is sponsored by all five County Council members - said tobacco lobbyist, Bruce C. Bereano. Montgomery County passed the same bill last week - the first in the state to do so. "It is illegal," Bereano said.
BUSINESS
By Alec Matthew Klein and Alec Matthew Klein,SUN STAFF | June 19, 1996
Fresh Fields Inc., a jazzy health-food supermarket chain that opened its first Baltimore store amid great fanfare last month, has been gobbled up by its natural-food nemesis, Whole Foods Market Inc., in a stock merger valued at about $135 million, the companies announced yesterday.As in banking, telecommunications and broadcasting, the two companies concluded that bigger is better."It made sense business-wise to sell, so they did," said analyst Matthew Patsky of Adams Harkness & Hill in Boston.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.