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EXEC: Dick’s SG Remains Bullish Despite Outlook Cut

EXEC: Dick’s SG Remains Bullish Despite Outlook Cut

Shares of Dick's Sporting Goods closed up nearly 10 percent on Wednesday despite the retailer slashing its guidance for the year due to broader macroeconomic pressures. Lauren Hobart, CEO, told analysts the revision was pre-cautionary while expressing confidence that Dick’s would continue to benefit from the sports and outdoor hobbies began during the pandemic. (Read More)

Nordstrom Delivers 19 Percent Growth In First Quarter

Nordstrom Delivers 19 Percent Growth In First Quarter

Nordstrom reported sales in the first quarter grew 18.7 percent with sales ahead 23.5 percent for the Nordstrom banner and 10.3 percent for Nordstrom Rack. Core categories including men's and women's apparel, shoes and designer had the strongest growth as consumers updated wardrobes for the return of social events, travel and return to office. (Read More)

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