Retail traffic surged 27 percent on Thanksgiving Day as consumers responded to earlier promotions, store hours and promotions to make up for the shorter shopping period this year, according to an annual survey conducted over the weekend on behalf of the N (Read More)
Nearly 25 million, or 18.9 percent, of Americans surveyed said they would use their mobile device to shop over the Thanksgiving Holiday weekend, up 22 percent from last year and eightfold since 2009, according to the National Retail Federation. The survey (Read More)
Bruce Hammond, who served as Director of Marketing & Communications at the National Sporting Goods Association for nearly three years, left the Association, effective Nov. 1. As a result, Marty Maciaszek was named Director of Communications, in addition t (Read More)
At its first-ever analyst day, Dick's Sporting Goods, Inc. set a sales target of $10 billion by the end of fiscal 2017, representing a 5-year compounded annual growth rate (CAGR) of approximately 11 percent from fiscal 2012 sales of $5.8 billion... (Read More)
At Nike’s 33rd annual meeting last week held at Tiger Woods Center on the Nike World Headquarters campus, new Nike Brand president Trevor Edwards addressed the World Cup, the opportunity around expanded sizes, and Nike’s future in digital tech (Read More)
For the second time in two months, Adidas Group lowered its top-line guidance for the year. The revised outlook was blamed on a further weakening of several currencies, a distribution problem in Russia and ongoing softness in golf. The earnings update ca (Read More)
The Sport Footwear sales trend accelerated again in the last week of the eight-week back-to-school (BTS) season tracked by SportScanInfo, netting growth closer to the YTD and trailing 52-week periods... (Read More)
The National Shooting Sports Foundation issued the following statement after the successful recall elections last week of State Senate President John Morse and State Sen. Angela Giron (Read More)
Authentic Brands Group, LLC (ABG) has acquired Spyder, representing the first outdoor and winter sports brand in ABG's growing portfolio. In connection with the acquisition, ABG and LF USA, a division of Li & Fung Ltd., have entered into a partnershi (Read More)
Based on retail point-of-sale data compiled by SportScanInfo, sales of Sport Footwear for fiscal July 2013 increased in the low-single-digits in dollars as a mid-single-digit increase in average selling prices more than offset a low-single-digit decline i (Read More)
The early back-to-school season appears to be more of the same for the outdoor footwear business after an early review of retail point-of-sale data shows the business down more than 10 percent for the first three weeks of the back-to-school (BTS) selling (Read More)
While the conventional wisdom says people shop on the Internet for price, the early results from the back-to-school (BTS) selling season finds the channel trailing only Run Specialty and Chain Specialty retailers when it comes to average selling prices fo (Read More)
J. C. Penney announced late Monday that William A. Ackman of Pershing Square Capital Management, JCP's largest investor, has resigned from the Board effective Aug. 12, 2013. Ackman is best known for his actions to bring in former Apple retail chief R (Read More)
Li & Fung Limited posted revenues of $9.13 billion in the six-month period ending 30, essentially flat to the the first half of 2012. The company said the results show how the Group’s businesses are incresaingly skewed towards the second half of th (Read More)
Mainland Headwear is warning investors that it is expected to record a “significant decline in performance in the first half period ended June 30,” which is primarily attributable to the increasing production cost of manufacturing businesses i (Read More)
U.K. retail sales values were up 2.2 percent on a like-for-like basis from July 2012, when they had increased 0.1 percent on the preceding year. On a total basis, sales were up 3.9 percent, against a 2.0 percent increase in July 2012, the fastest July gro (Read More)
At first glance the sales trend for Sport Footwear for the early phase of the 2013 back-to-school season might look like a precursor of general weakness for the whole season, but a deeper look inside the early numbers from SportScanInfo may tell a much mo (Read More)
Adidas Group second quarter sales were described as 'stable' on a currency-neutral basis but declined 3.8 percent to €3.38 billion in euro terms in the quarter as growth in Retail offset sales declines in Wholesale and Other Businesses. On (Read More)
According to retail point-of-sale data compiled by SportScanInfo (SSI Data), Sport Apparel sales grew in the low-single-digits in units and dollars for the five-week fiscal month of June. The month has traditionally been a clearance month for retailers in (Read More)
The SportsOneSource Group has announced the honorees for the sixth annual SGB 40 Under 40 Awards. This year’s class again contains individuals from all corners of the sporting good industry who are recognized as leaders making a difference in their (Read More)