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By Liz Bowie and Liz Bowie,SUN STAFF | February 13, 1997
Jos. A. Bank Clothiers Inc., showing continued recovery from a two-year apparel industry downturn, reported that its same-store sales for the fourth quarter ended Feb. 1 rose 5.9 percent from the comparable quarter a year earlier.For the full year, same-store sales were up 9.3 percent, the Hampstead-based men's clothier said.Timothy F. Finley, chairman and chief executive officer, attributed the sales increase to a combination of factors, including a better merchandise selection, less competition and good weather.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | December 6, 2013
Owings Mills-based Medifast Inc. said Friday that it plans to close eight "under-performing" weight loss centers by the end of the month and sell some of its other centers next year, part of a push toward franchising as the performance of its company-owned locations declines. Company officials did not specify where those Medifast Weight Control Centers are located but said none are in Maryland. The weight loss company has about 120 corporate-owned and franchised centers, including 10 in Maryland, that offer "body composition" assessments, counseling and Medifast meal replacements.
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BUSINESS
By a Sun Staff Writer | December 2, 1994
Merry-Go-Round Enterprises Inc., the struggling fashion retailer based in Joppa, said sales at its stores open for at least a year declined by 7 percent last month compared with November 1993. It was the company's best monthly "same-store" result this year.But the benchmark month from last year was extremely poor, as the chain was getting closer to declaring bankruptcy. Same-store sales in November 1993 fell by 23 percent compared with the same month in 1992, so the 7 percent drop announced yesterday still represents sharply lower revenue than what the company was garnering several years ago.Merry-Go-Round sought protection from creditors under Chapter 11 of federal bankruptcy law in January.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | November 28, 2012
Men's retailer Jos. A. Bank Clothiers Inc. said profits took a more than 11 percent dive in the third quarter, hurt by extra markdowns that drove the apparel sales and by Hurricane Sandy's strike to the East Coast. Net income fell to $13.3 million in the three months that ended Oct. 27, an 11.2 percent drop compared with net income of $15 million in the year-earlier period, the Hampstead-based company said Wednesday. The company earned 47 cents per share, down 13 percent from 54 cents per share earned in the third quarter of 2011.
BUSINESS
By Ross Hetrick and Ross Hetrick,Sun Staff Writer | April 8, 1994
In yesterday's Business section, an article about Merry-Go-Round Enterprises Inc. incorrectly reported the decrease in March sales for stores operating for at least one year. The actual drop was 21 percent.The Sun regrets the errors.Hampered by its inability to keep its shelves stocked, Merry-Go-Round Enterprises Inc. said yesterday that a crucial measure of sales dropped by 23 percent last month.Separately, the Joppa-based clothing chain reported that it lost $6.6 million during the fourth quarter, which ended Jan. 29, mostly because of $6.9 million in costs related to its Chapter 11 bankruptcy reorganization.
BUSINESS
By Liz Bowie and Liz Bowie,SUN STAFF | May 15, 1997
Despite a strong rise in catalog and retail sales at new stores, Jos. A. Bank Clothiers Inc. said yesterday that its same-store sales decreased 1.5 percent for the quarter ended May 3 compared to the same period of 1996.Timothy F. Finley, chairman and chief executive officer, said he was pleased with the results, however, because the Hampstead-based company's total sales for the quarter were up 6.2 percent, to $38.7 million from $36.4 million in 1996."Overall they were pretty good," he said.
BUSINESS
By Abigail Goldman and Abigail Goldman,Los Angeles Times | February 21, 2007
Wal-Mart Stores Inc. ended one of its toughest years in more than a decade yesterday with a better-than-expected profit for the holiday quarter and a fairly upbeat forecast for this year. Even so, it finished the year with only a slight gain at stores open at least a year, 2.1 percent. That key measure of retail performance was the company's slowest since it began recording same-store sales increases in 1980. Investors, however, were buoyed by the news. "I would not be surprised if they're at a low point," said Victor Hawley, portfolio manager at Reed, Conner & Birdwell of Los Angeles, which holds about 850,000 shares in Wal-Mart worth about $42 million.
BUSINESS
By Liz Steinberg and Liz Steinberg,SUN STAFF | June 7, 2002
Jos. A Bank Clothiers Inc. said yesterday that its same-store sales rose for the fourth consecutive month in May - although at a slower pace than in April - while its catalog and Internet sales jumped more than 50 percent from those of May 2001. Same-store sales, a key indicator of a retailer's health, rose 2 percent for the Hampstead-based men's clothier. In April, Bank's same-store sales were up 8 percent over sales in April 2001. Bank's combined catalog and Internet sales increased 52.2 percent last month, and its total sales for the month were $18.2 million, up 14.5 percent from May 2001's $15.9 million.
BUSINESS
By Michael Dresser | January 10, 1992
Hechinger Co., the Landover-based home improvement chain, announced yesterday that it posted a respectable 4 percent gain in same-store sales during December.Although the increase failed to make up for all its losses from the year before, analysts described the result as positive and Hechinger's stock surged. But John Hechinger Jr., president and chief executive of the company, did not sugar-coat the news."Our 4 percent comparable-store sales increase for December reflects a comparison to a disappointing December of 1990, in which comparable-store sales were down 7 percent," he said in a statement.
BUSINESS
By BLOOMBERG NEWS | June 6, 2002
BENTONVILLE, Ark.- Wal-Mart Stores Inc.'s same-store sales rose 6.2 percent last month, more than the world's largest retailer had forecast, as it gained sales at the expense of department stores and grocery chains. The retailer said yesterday that sales in the four weeks that ended Friday rose 12 percent to $18.34 billion. Last month, Wal-Mart forecast a 4 percent to 6 percent rise in sales at stores open at least a year. Sales of seasonal items such as gardening equipment and summer clothing rose over the Memorial Day holiday as temperatures rose after falling below average in the first three weeks of the month, analysts said.
BUSINESS
By From Sun news services | January 9, 2009
Economic gloom, as expected, dragged down Christmas sales at retailers throughout the U.S., with discounters like Wal-Mart, luxury vendors like Neiman Marcus and pretty much everybody in between saying that their holiday season results were poorer than expected. In the first wave of what is expected to be a steady flow of bad news from the retail sector in early 2009, individual companies yesterday began reporting December results and announcing steps to cope with the disappointing sales and profits.
BUSINESS
November 11, 2008
Southwest plans travel to Mexico DALLAS : Southwest Airlines Co., looking to expand its U.S.-only service, said yesterday it will sell tickets for travel to Mexico beginning in 2010 through a deal with Mexican partner Volaris. The announcement comes a few months after Southwest announced a similar deal with WestJet Airlines that will allow it to sell travel to Canada late next year. Dallas-based Southwest offered no details of fares or flight schedules for the deal with Volaris, saying that would be worked out by early 2010.
BUSINESS
By Susan Chandler and Susan Chandler,CHICAGO TRIBUNE | July 11, 2008
Frugal-minded shoppers spent their tax rebate checks at discount merchants last month, boosting sales at some of the country's largest chains. But they stayed away from higher-priced department stores and specialty stores, causing sales to fall by double-digits at Nordstrom Inc. and American Eagle Outfitters Inc. It was a sign that consumers are confining themselves to spending on the basics, and even then, they are looking for bargains, retail experts...
BUSINESS
By New York Times News Service | June 6, 2008
Despite falling consumer confidence and gas prices that teetered around $4 a gallon, retailers surprised analysts by reporting yesterday better-than-expected same-store sales for May. Discount retailers like Wal-Mart Stores Inc., Costco Wholesale Corp. and TJX Cos. Inc. fared particularly well as price-conscious customers spent federal income-tax rebate checks on groceries, gasoline and off-price clothing. "The rebate checks were going to be a wild card this month, but it certainly looks like they kicked in," said Ken Perkins, president of the research firm Retail Metrics.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN REPORTER | November 22, 2007
Giant Food's price-cutting strategy is slowly helping to attract shoppers faced with a growing array of grocery choices, and the program would be expanded by the end of the year, the chain's parent company said yesterday. But the results haven't shown up yet in net income or same-store sales, partly because product prices have been cut and because Giant has not yet embarked on a planned remodeling or replacement of 100 stores, said executives of Royal Ahold NV, Giant's Dutch owner. Giant, the dominant chain in the Baltimore-Washington region, is ahead of schedule in reducing prices across three-quarters of its merchandise and getting positive feedback from customers based on information tracked by customer loyalty cards.
BUSINESS
By Melissa Allison and Melissa Allison,The Seattle Times | November 17, 2007
SEATTLE -- Starbucks launched its first national television advertising campaign yesterday to drive more people into U.S. stores, which saw a 1 percent falloff in traffic last summer. U.S. sales still rose 19 percent, partly because of a 9-cent price increase on coffee drinks, according to Starbucks Corp.'s fourth-quarter earnings released Thursday. The first-ever traffic decline has executives worried, and they announced several broad initiatives: conducting a prime-time TV campaign between now and Christmas, having district managers spend more time in stores and cutting back on the variety of drinks they serve.
BUSINESS
By Andrea K. Walker and Andrea K. Walker,SUN STAFF | March 8, 2002
Jos. A. Bank Clothiers Inc. said yesterday that its sales rose in February even as other specialty retailers saw sharp declines as many price-conscious customers shopped at discount stores. Same-store sales, which are sales at stores open at least a year and are a key indicator of a retailer's health, increased 1.1 percent from last year. Total sales at the Hampstead-based men's clothing store, which has opened several stores in the last year as part of an ongoing expansion, increased 9.3 percent, from $13.2 million in February 2001 to $14.4 million last month.
BUSINESS
By BLOOMBERG NEWS | July 23, 2002
TROY, Mich. - Kmart Corp., the largest U.S. retailer to file for bankruptcy, said it had a loss of $137 million last month as same-store sales fell. The loss for the period that ended June 26 included reorganization expenses of $11 million for professional fees and $8 million in retention bonuses, Kmart said in a regulatory filing. That brings to $2.26 billion the discount retailer's loss since it filed for bankruptcy protection Jan. 22. Same-store sales, excluding 283 stores that Kmart finished closing June 2, dropped 8.7 percent in the period that ended July 3. The discount retailer filed for Chapter 11 after a failed attempt to win business by matching the low prices of larger rival Wal-Mart Stores Inc. Sales at Wal-Mart stores open at least a year, called same-stores sales, rose 8.7 percent in June.
BUSINESS
By Leslie Earnest and Leslie Earnest,Los Angeles Times | July 13, 2007
Alfredo Cardona of Santa Ana, Calif., has always liked buying his clothes at Nordstrom, but lately he's switched to Burlington Coat Factory, where the prices are lower. The 24-year-old financial adviser said he now shops "anywhere you can save." And he's not alone. Retailers posted moderate sales results for June yesterday as shoppers kept spending but tried to get more for their money. Wall Street celebrated the sales report with major gains yesterday, seeing evidence that the retail economy was not collapsing amid a nationwide housing downturn.
BUSINESS
By Leslie Earnest and Leslie Earnest,Los Angeles Times | May 11, 2007
Nobody was expecting much from retailers in April. They delivered even less than expected. Major retail chains across the United States reported yesterday a 2.4 percent decline in April sales, the weakest showing since at least 1970, according to the International Council of Shopping Centers. Weak performers cut through all segments of the industry. They included Wal-Mart Stores Inc., which recorded a rare drop in business, as well as Abercrombie & Fitch Co. and Federated Department Stores Inc. "Consumers are feeling pressured by higher gasoline prices and a sluggish housing market, particularly low- and middle-income consumers," said Ken Perkins, president of RetailMetrics LLC, a research company in Swampscott, Mass.
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