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.

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.

Smith & Wesson Names CFO

Smith & Wesson Brands Inc. named Deana L. McPherson as executive vice president, chief financial officer, treasurer, and assistant secretary, in a previously announced transition, The appointment follows the retirement of Jeffrey D. Buchanan and the completion of the spin-off of the company’s outdoor products and accessories business.

Blackbird Products Adds To Management Team

Blackbird Products Group, LLC, makers of the Mammoth brand of premium rotomolded coolers, drinkware, and accessories as well as a growing PPE line of products, announced some key additions to its management team.

Tony Hsieh To Retire From Zappos

Tony Hsieh, CEO of Zappos, announced plans to retire after guiding the online footwear giant for two decades. Zappos’ COO Kedar Deshpande will succeed Hsieh as CEO.

Big Sur Marathon Foundation Suspends Operations

The Big Sur Marathon Foundation announced that it will suspend all race operations, effective September 30, and through the Monterey Bay Half Marathon race weekend that was set to take place in November 2021.

Frasers Buys Dave Whelan Sports for £37M

Frasers Group PLC, formerly called Sports Direct, has agreed to purchase rival sportswear and gym group Dave Whelan Sports from administrators. The acquisition will include 46 gyms and 31 retail outlets.