Dick’s Sporting Goods reported earnings in the second quarter on an adjusted basis jumped 150 percent topping Wall Street targets as same-store sales grew 20.7 percent. E-commerce sales nearly tripled. Dick’s officials said the performance was helped by a shift toward athletic and active lifestyle products with people spending more time working and exercising at home.
Category: Footwear
Black Diamond Expands Retail Footprint To Park City
Black Diamond Equipment (BD), a manufacturer of climbing, skiing and mountain sports equipment, announced plans to expand its retail footprint to Park City, UT and will host a series of in-store events on September 5-6.
Nordstrom’s Q2 Revenues Slump 53 Percent
Nordstrom Inc. reported a net loss of $255 million in the second quarter as sales tumbled 53 percent due to store closures tied to the pandemic. The department store operator said improved merchandise margins and overhead cost reductions of nearly 20 percent drove earnings to exceed company expectations.
Higg Co Appoints VP Global Partnerships
Higg Co, the technology company behind the Higg Index platform, has appointed ex-Microsoft executive, Josh Henretig, as the company’s new vice president of global partnerships.
NFL Tops Sports Licensors Ranking
National Football League was the top global sports licensor and ranked 16th overall in License Global magazine’s list of top 150 global licensors.
Tony Hsieh To Retire From Zappos
Tony Hsieh, CEO of Zappos, announced plans to retire after guiding the online footwear giant for two decades. Zappos’ COO Kedar Deshpande will succeed Hsieh as CEO.
Big Sur Marathon Foundation Suspends Operations
The Big Sur Marathon Foundation announced that it will suspend all race operations, effective September 30, and through the Monterey Bay Half Marathon race weekend that was set to take place in November 2021.
Under Armour To Open Outlet at Pittsford Plaza
Under Armour will soon be opening a store at Pittsford Plaza in Rochester, NY. The 7,017 square foot store will hold grand opening celebrations from August 28 to 30.
Analyst: Nike Will No Longer Sell To These Nine Big Retailers
Susquehanna International Group said in a note Monday that proprietary checks confirm that Nike will be closing nine wholesale accounts: City Blue, VIM, EbLens, Belk, Dillard’s, Fred Meyer, Bob’s Stores, Boscov’s and Zappos.
SFIA Releases Single Sport + Fitness Reports
The Sports & Fitness Industry Association (SFIA) released 89 single sport and fitness reports which cover sports and fitness activities ranging from basketball to barre. The individual reports provide year-over-year trends and breakdown of participation by demographic variables.
Lord & Taylor To Close Five More Locations
Lord & Taylor, which filed for bankruptcy on August 2, announced plans to close five more stores, bringing the total number of Lord & Taylor stores shutting down to 24. The closures will leave the department store chain with 14 locations.
FIS Cancels 2020/21 North American Ski Races
The International Ski Federation (FIS) has announced that the entirety of the 2020/21 men’s and women’s Alpine World Cup season will remain in Europe rather than moving to the U.S. and Canada, as usual, due to the impact of COVID-19.
Afterpay Rewards On-Time Payments With New Loyalty Program
Afterpay, the ‘buy now, pay later’ service, announced its new loyalty program, called Pulse, which incentivizes and rewards Afterpay customers who pay for their purchases on time.
Zalando Further Strengthens Senior Leadership Team
Zalando announced the strengthening of its senior leadership team, including a new SVP advertising, SVP product management and General Counsel.
Frasers Group Signs First Post-COVID-19 Flagship
Frasers Group, the parent of Sports Direct in the U.K., plans to open a “mega store” at Leicester’s Fosse Park.
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