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Neiman Marcus Marks 100th Birthday on YouTube

BY CSA STAFF

New York City, Neiman Marcus Group Inc. on Monday marked its 100th birthday by discussing the company in six four-minute clips airing on Web-video site, YouTube, according to a report by Bloomberg.

The report said Neiman’s former CEO Richard Marcus and designers such as Georgio Armani will be featured in clips.

The Neiman deal is part of an effort by YouTube to expand advertising sales. The site attracted 44.2 million users in July, according to research firm ComScore Inc. That makes it attractive to Neiman, which gets more business from the Web than at any of its stores, spokeswoman Ginger Reeder told Bloomberg.

The first of Neiman’s documentary-style videos will be featured on YouTube’s home page. After watching that clip, users can visit a Neiman page, hosted by YouTube, to see the other five videos, the report said.

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Seasonal categories aid Family Dollar sales

BY CSA STAFF

MATTHEWS, N.C. Family Dollar Stores reported that net sales for the four weeks ended Sept. 1 increased 3.4% to approximately $494.4 million from $478.3 million for the comparable four-week period ended Sept. 2, 2006. According to the company, the sales increase was aided by strong performance in the food and seasonal categories, primarily toys and lawn and garden, while sales of apparel were softer. Comparable-store sales for the four-week period increased 1% when compared with sales for the similar four-week period last year.

Sales for the fourth quarter of fiscal 2007 ended Sept. 1, were approximately $1.63 billion, or 3.4% above sales of approximately $1.58 billion for the fourth quarter of fiscal 2006 ended August 26, 2006. For the year ended Sept. 1, sales were approximately $6.8 billion, or 6.9% above sales of approximately $6.4 billion for the year ended Aug. 26, 2006.

The company reported that it anticipates earnings per diluted share for the fourth quarter to be in the range of 24 cents to 27 cents compared with 21 cents per diluted share for the fourth quarter last year. For the full year, the company currently expects net income per diluted share to be between $1.60 and $1.63 compared with $1.26 per diluted share for the prior fiscal year.

 

The company expects that comparable-store sales for the September period ending Oct. 6, will increase 1% to 3%.

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Burlington Coat Factory 1Q sales up 2.6%

BY CSA STAFF

BURLINGTON, N.J. Burlington Coat Factory Warehouse announced today that net sales from continuing operations for the first quarter ended Sept. 1 were $673.9 million compared with $656.8 million for the first quarter ended Sept. 2, 2006, a 2.6% increase. These results reflect a 2% comparable-store sales decrease for the quarter. June comparable-store sales decreased 2.1%, July comparable-store sales decreased 3.7% and August comparable-store sales decreased 0.6%, compared with the same periods last year.

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