Dick’s Sporting Goods Inc. reported its highest-ever quarterly sales and earnings as Americans have embraced home fitness and socially-distanced outdoor activities to ride out the pandemic. Said Ed Stack, CEO, on a conference call with analysts, “Our product assortment is well-tailored to the recent consumer trends, supported by strong relationships with our key brands.”
Month: August 2020
Inside The Call: Nordstrom CEO Sees Permanent Shift After Virus Response
Nordstrom Inc., as expected, took it on the chin with fiscal second-quarter top-line results, but company management saw a silver lining to the dark clouds of the COVID-19 experience.
Study Finds Slow Return To Gyms
A survey by RunRepeat.com of 5,055 global gym members between August 1-13 found that just 30.98 percent have returned to use a gym since the lockdown from COVID-19 occurred.
Miraflora Appoints Chief Content Creator
Miraflora, a maker of CBD-infused recovery balms, gels and tinctures, has hired Kimberly Beekman as chief content creator. Beekman is the former editor-in-chief of Skiing Magazine.
Foot Locker Opens Community Power Store In Compton
Foot Locker announced the grand opening of its first West Coast community-based Power Store in Compton, CA. The 12,800- square-foot store is scheduled for August 26.
Afterpay Expands Into Canada
Afterpay, the ‘buy now, pay later’ service, announced it is now offering its service to consumers and merchants in the Canadian market.
SIA Launches Six-Month Inclusion Training Program
Snowsports Industries America (SIA) announced that it will begin a six-month training program focused on inclusion in the winter outdoor industry. SIA will be joined by leaders from the National Ski Areas Association (NSAA), National Ski Patrol (NSP), Outdoor Industry Association (OIA), Professional Ski Instructors of America and the American Association of Snowboard Instructors (PSIA-AASI), and Share Winter Foundation.
Bass Pro Memphis Pyramid To Open Wahlburgers Wild Restaurant
Bass Pro Shops at the Pyramid in Memphis, TN, will add a Walburgers restaurant concept, unique to Bass Pro Shops. The new concept, called “Wahlburgers Wild,” will be the first of its kind from the Wahlburgers chain of restaurants.
Bangers Names Director Of Merchandising
Bangers LP, a shooting sports distributors based in Birmingham, AL, announced the hiring of Jared Long to serve as the company’s director of merchandising. Long most recently held the position as director of sales with Armscor Precision/Rock Island Armory.
Waldorf University Signs With Nike, BSN Sports
Warrior University, based in Forest City, IA, signed an agreement with BSN Sports to outfit the Warrior athletic teams in Nike uniforms and with Nike gear for the next five seasons.
Dick’s SG’s Q2 Profit And E-Commerce Sales Soar
Dick’s Sporting Goods reported earnings in the second quarter on an adjusted basis jumped 150 percent topping Wall Street targets as same-store sales grew 20.7 percent. E-commerce sales nearly tripled. Dick’s officials said the performance was helped by a shift toward athletic and active lifestyle products with people spending more time working and exercising at home.
Fanatics Inks Licensed Apparel Deal With Rebel Sports
Rebel, an Australian retailer of sporting equipment, apparel and footwear, has partnered on an agreement that will see Fanatics become the exclusive supplier of all ‘non-Australian’ licensed team merchandise on the Rebel website. Fanatics will also help improve Rebel’s in-store licensed product availability.
Black Diamond Expands Retail Footprint To Park City
Black Diamond Equipment (BD), a manufacturer of climbing, skiing and mountain sports equipment, announced plans to expand its retail footprint to Park City, UT and will host a series of in-store events on September 5-6.
Nordstrom’s Q2 Revenues Slump 53 Percent
Nordstrom Inc. reported a net loss of $255 million in the second quarter as sales tumbled 53 percent due to store closures tied to the pandemic. The department store operator said improved merchandise margins and overhead cost reductions of nearly 20 percent drove earnings to exceed company expectations.
Higg Co Appoints VP Global Partnerships
Higg Co, the technology company behind the Higg Index platform, has appointed ex-Microsoft executive, Josh Henretig, as the company’s new vice president of global partnerships.
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