Hibbett Sports Fourth Quarter Earnings Surge

Profits at Hibbett Sports Inc. catapulted 168 percent in the fourth quarter ended January 30 as same-store sales ran up 21.9 percent. Mike Longo, president and chief executive officer, said in a statement, “The strong momentum that we experienced in our business in the second and third quarters continued in the fourth quarter.”

USA Cycling Hires Chief Marketing Officer

USA Cycling has named Matt Heitmann as chief marketing officer overseeing marketing and membership. Heitmann joins the organization after leading marketing efforts of multiple industry organizations, including The Pro’s Closet, Canyon and BMC.

Burlington Stores Q4 Same-Store Sales Flat

Burlington Stores reported earnings fell 24.2 percent in the fourth quarter on flat comp sales. The off-pricer also set a new store target to reach 2,000 stores, up from the previous goal of 1,000 stores.

Academy Sports Appoints Board Member

Academy Sports and Outdoors Inc. announced the appointment of Tom Nealon to its Board of Directors, effective today.  With the addition of Nealon, Academy’s Board comprises ten directors.

Urban Outfitters’ Q4 Comps Decline 7 Percent

Urban Outfitters Inc. reported total company net sales for the three months ended January 31 decreased 6.9 percent over the same period last year to $1.09 billion. Comparable Retail segment net sales decreased 7 percent.