Author: Thomas J. Ryan

Oppenheimer Turns Bullish On Dick’s SG

Oppenheimer Turns Bullish On Dick’s SG

Oppenheimer upgraded its rating for Dick's SG to “Outperform” from “Perform” due to expected strength in the sporting goods category amid the pandemic. Brian Nagel, Oppenheimer’s lead analyst in the space wrote in a note, “The company’s robust omnichannel business model is positioned well to capitalize upon improving consumer demand for items associated with consumers now spending more time at home and poised to further benefit as shoppers shift back to team sports and licensed products.” (Read More)

Nordstrom Sees Flexible Model Helping Manage COVID-19 Fallout

Nordstrom Sees Flexible Model Helping Manage COVID-19 Fallout

Nordstrom’s sales tumbled 40 percent during its first quarter, but officials said aggressive steps to reduce inventory and preserve cash will help the retailer in the near term while an accelerated expansion of its online and off-price business will better position the company for the long term. CEO Erik Nordstrom, told analysts Nordstrom Rack is “just a huge part of our future.” (Read More)

SFIA Survey Underscores Industry’s Struggles

SFIA Survey Underscores Industry’s Struggles

Over 70 percent of sports and fitness manufacturers and businesses reported a sales drop of over 25 percent for the month of April as most of the country’s stores were closed to prevent the spread of the coronavirus, according to a survey of industry participants by the SFIA. But the survey indicated aggressive steps are being taken to minimize the damage with some improvement expected in the back half. (Read More)

Walmart Looks To Drive Outdoor Diversity Through Product

Walmart Looks To Drive Outdoor Diversity Through Product

Continuing its ambition to bring more diversity to the outdoor industry, Moosejaw, in collaboration with Walmart, last week introduced two gear and apparel lines, Lithic and Allforth. In an interview with SGB Executive, Eoin Comerford, GM of Outdoor at Walmart e-commerce and CEO of Moosejaw, said the launches mark a shift in strategy from 2018's launch of Walmart’s Premium Outdoor Store but the goal of expanding the overall outdoor pie remains the same. (Read More)

Pin It on Pinterest

Share This