Inside The Call: Zumiez Q3 Boosted By Late-Season BTS Demand

Boosted by a recovery in sales in September and October, Zumiez reported earnings soared 51.6 percent in the third quarter as same-store sales jumped 8.1 percent. Rick Brooks, CEO, said, “Strong digital activity and robust full-price selling across all geographies highlighted our top-line performance.”

Inside The Call: Duluth Trading’s Q3 Saved By Accelerated Online Growth

Duluth Trading reported strong online sales to offset continued declines in in-store sales in the third quarter. The retailer warned that in-store traffic had worsened in recent weeks in line with surges in COVID-19 cases. Steve Schlecht, executive chairman and CEO, told analysts, “The resurgence of COVID-19 is a concern regarding in-store shopping, and it also clouds the outlook for consumer spending.”

Shoe Carnival Looks To Resume Store Expansion In 2021

Speaking at Morgan Stanley’s Virtual Global Consumer & Retail Conference, Shoe Carnival officials elaborated on plans to start ramping up expansion efforts in 2021 after closing a number of underperforming locations over the last three years that reduced its store count from 417 to 383 currently.

Sportsman’s Warehouse Delivers Gangbuster Q3 On Surging Hunt Demand

Sportsman’s Warehouse Holdings reported sales jumped 59.1 percent in the third quarter to far outpace Wall Street’s targets as the hunt & fish chain was challenged keeping up with hot demand for hunt, fish and camping products. Said Jon Barker, CEO, “We worked closely with our vendors and provided our customers with inventory levels that we believe were unmatched by our direct competitors.”

Dick’s SG Confident About Growth Prospects For 2021

At Morgan Stanley’s Virtual Global Consumer & Retail Conference on Wednesday morning, Lauren Hobart, president at Dick’s Sporting Goods, expressed confidence that strength in core categories, access to new customers and a potential rebound in team sports will contribute to ongoing sales momentum in 2021.

Remembering Zappos’ Tony Hsieh

Tributes poured across social media from former co-workers, footwear partners, tech investors and political pundits following the shocking death of Tony Hsieh, Zappos’ visionary, at the age of 42.

Athleta Bangs Out Record September Comps

Athleta delivered 35 percent sales growth in the third quarter, with September reaching the highest sales comp in the history of the brand. Said Sonia Syngal, CEO, Gap Inc., “Athleta is our fastest growing and most profitable brand.”

Wall Street Reacts: Dick’s SG Q3

Shares of Dick’s Sporting Goods barely budged on Tuesday despite the retailer reporting third-quarter results that nearly doubled Wall Street’s targets on accelerating same-store growth and also announcing that Lauren Hobart would be succeeding long-time CEO Ed Stack. Wall Street was nonetheless impressed by the performance with some gaining more confidence in Dick’s growth prospects for 2021.

Dick’s SG’s Ed Stack Sets Plan To Step Down As Business Peaks

Dick’s Sporting Goods reported the best quarterly store comp in its history as a public company as home fitness and outdoor activities continue to be embraced during the pandemic. However, the performance was overshadowed by the announcement that Ed Stack, CEO since 1984, will soon be succeeded by Lauren Hobart, the retailer’s president.

Inside The Call: Delta Apparel Sees Growth Return Across Business Units

With growth returning in every business unit in the September quarter, Delta Apparel reported year-over-year sales growth of 8.1 percent and a 70 percent improvement in operating profit in the fiscal fourth quarter ended October 3. Highlights include nearly 30 percent growth in its digital print business, DTG2Go, and a 12 percent climb at Salt Life.

Inside The Call: Hibbett Sports Hikes Guidance On Blowout Q3

Hibbett Sports Inc. reported third-quarter earnings skyrocketed more than four-fold on a 21.2 percent same-store gain. Highlights of the quarter included overall apparel comps climbing in the mid-thirties, overall footwear comp gains in the low-twenties, and a women’s comps across footwear and apparel leaping in the low-fifties.

Inside The Call: Foot Locker Q3 Gains Boost From Basketball And Stay-At-Home Trends

Foot Locker said continued strength in its basketball footwear business and a pickup in apparel due to stay-at-home trends helped drive same-store sales ahead 7.7 percent in the third quarter and lifted earnings well ahead of Wall Street’s targets. Men’s, basketball, boots and seasonal footwear as well as women’s footwear overall delivered double-digit comp gains in the quarter.

TJX Beats Q3 Targets, Eyes Pandemic-Challenges In Q4

The TJX Cos.’s third-quarter results exceeded Wall Street targets with strength in activewear, home and beauty categories. However, TJX officials warned that holiday selling would likely be hampered by a surge in COVID-19 cases here in the U.S.

Shoe Carnival Delivers Record Quarter On Margin Boost

Shoe Carnival delivered its most profitable quarter in the company’s history helped by reduced promotional activity and strength in performance sandals and athletic footwear. The off-price retailer also posted a comp gain in the period despite delayed back-to-school selling.