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Diamond Foods in exclusive deal with Wal-Mart

BY CSA STAFF

STOCKTON,, Calif. Diamond Foods announced today that it has opened a sales office in Bentonville, Ark. to provide service exclusively to Wal-Mart Inc. Jeff Bladdick, vp of sales for Wal-Mart/Sam’s Club, will lead the sales team in Bentonville.

“Jeff and his sales team are permanently located in Arkansas because we strongly believe that there are exciting opportunities to grow our business with Wal-Mart and Sam’s Club, Diamond’s largest retail customer, and that a hands-on approach will yield the best results,” said Michael Mendes, president and ceo of Diamond Foods.

 

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Nike names new brand management vp

BY CSA STAFF

BEAVERTON, Ore. Nike Thursday announced that Ken Dice has been named vp of USA brand management.

Most recently, Ken held the position of evp of marketing for Discovery Communications. For the last three and a half years, he led the marketing teams for The Discovery Channel, The Learning Channel, The Animal Planet, The Travel Channel, and eight other cable television networks. Under Ken’s leadership, the teams have strengthened and focused their connection with key consumer audiences. Dice reports to Craig Cheek, vp and general manager of Nike USA.

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Gottschalks misses sales goals

BY CSA STAFF

FRESNO, Calif. Gottschalks Inc. today announced that same-store sales for the month of June decreased 4.3% from the prior year. Total sales for the month decreased 5.8% to $57.5 million from $61 million in June 2006. On a year-to-date basis, same-store sales decreased 2.1% from the same period of the prior year. Total sales for the year-to-date period decreased 3.1% to $245.7 million compared to $253.5 million for the same period of fiscal 2006. The company operated three fewer stores in the month and four fewer stores for the year-to-date period compared to the same periods of fiscal 2006.

Jim Famalette, president and ceo of Gottschalks said, “Our sales performance in June did not meet our expectations. Our best areas were dresses, shoes, children’s and cosmetics, which benefited from a special event during the month. Despite good results in these categories, we experienced softness in a number of apparel categories as well as in our home store merchandise. We ended the month with comp-store inventory 1% below the same period last year. Based on our combined results for May and June, as well as the current retail environment, we now expect to incur a loss for the second quarter and anticipate the full fiscal year earnings will be below those of last year.”

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