Today on Giving Tuesday, Dick’s Sporting Goods and The Dick’s Sporting Goods Foundation, announced a $6 million commitment to support youth sports teams in need. Since 2014, Dick’s and the Dick’s Foundation have committed over $55 million and have supported more than one million young athletes through its Sports Matter initiative.
Category: Apparel
Hibbett Slightly Lowers Full-Year EPS Outlook
Hibbett Sports Inc. slightly lowered its full-year earnings guidance after reporting third-quarter earnings came a penny below Wall Street’s targets. Comps in the quarter were basically flat. The sporting goods chain marginally lifted its comp guidance for the year with footwear comps seen improving.
Columbia Sportswear Appoints VP And General Manager Of China
Columbia Sportswear Company announced the appointment of John Soh as vice president and general manager of China, effective February 2019. Soh was senior commercial director in the Asia Pacific region for Lego.
Black Friday Weekend Momentum Portends Robust Holiday For Retail
Covering the revenue haul on Thanksgiving, Black Friday, Small Business Saturday on through to Cyber Monday, a number of favorable reports arrived proclaiming a healthy start to the 2018 holiday shopping season for retail. Although online appears to again be seeing over-sized gains with a boost from mobile purchases, brick & mortar traffic also appears to be recovering or at least stabilizing.
The Buckle Misses On Earnings, Revenue
The Buckle Inc. announced Monday that net income for the fiscal quarter ended November 3, 2018, was $20.5 million, or 42 cents per share, missing Wall Street’s target by 4 cents.
Saucony Appoints Chief Marketing Officer
Saucony, a division of Wolverine Worldwide Inc., announced that Don Lane has been named chief marketing officer, effective immediately. Lane joins Saucony from DraftKings, the Boston-based global sports technology and entertainment company.
RYU Apparel’s Q3 Revenues Climb 64 Percent
RYU Apparel Inc., based in Vancouver, reported revenue in the third quarter of 2018 was $1.22 million, 64 percent higher than the same period in 2017. The urban apparel specialist also earned a gross margin of 58 percent in the period.
Active Ride Shop Launches Referral Program
Active Ride Shop, the action sports chain based in Rancho Cucamonga, CA, has launched a new “The Crew” referral program that gives back to anyone 13 and up in cash and/or gear.
Newell Brands Appoints Christopher Peterson CFO
Newell Brands on Monday announced the appointment of Christopher “Chris” H. Peterson as executive vice president, CFO, further strengthening the Newell Brands leadership team as part of the company’s accelerated transformation plan.
Holiday Selling Off To Healthy Start
Black Friday pulled in $6.22 billion in online sales, up 23.6 percent from a year ago and setting a new high, according to Adobe Analytics. Traffic was seen declining again at physical stores but some reports showed the extent of the declines were lower than previous years.
Salomon And Runner’s World Partner To Empower Winter Runners
Runner’s World and Salomon are teaming up to help runners end the year on a high note with the latest edition of the Holiday Run Streak Challenge.
Balega Opens Application For 2019 Global Impi Ambassador Team
Balega, the performance sock brand in the run specialty market, has officially opened the application portal today for its fifth annual “Impi” ambassador team.
Zoot Sports Announces Largest Athlete Roster To Date
Zoot Sports, the triathlon apparel brand, welcomed over 600 new athletes to Team Zoot.
Nike Extends Partnership With Nigeria Football Federation
The Nigeria Football Federation (NFF) announced a long-term extension of its partnership with Nike which will run through 2026 FIFA World Cup.
Foot Locker Bullish On Holiday
Foot Locker Inc. reported third-quarter earnings that topped Wall Street’s targets as greater full-price selling boosted margins. The sneaker chain also gave an upbeat outlook on holiday selling on improving comp growth. The footwear category comped positive for the first time in six quarters.
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