SGB Executive

Online sales again saw record growth on Black Friday while in-store traffic tumbled by half in an expected subdued start to the traditional holiday season. (Read More)

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. (Read More)

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.” (Read More)

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. (Read More)

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. (Read More)