Category: Sports/Fitness

Amazon Reports Roundup

March 24, 2019 SGB Executive

A number of retail studies arrived over the last few weeks on retail’s disruptor, Amazon, including the e-commerce giant’s break-through in apparel, expanding dominance in product search, private-label shortfalls, trust credibility, digital advertising pushes and more.

Nike Sees No Slowdown In Momentum

March 22, 2019 SGB Executive

Shares of Nike Inc. closed down nearly 7 percent on Friday after the company reported North America sales in the third quarter and fourth-quarter guidance that both missed Wall Street’s targets. But sales in the third quarter still more than doubled the growth rates of its closest rivals, Adidas and Under Armour, as Nike officials insisted its Consumer Direct Offense initiative is only getting started.

Champion Opens Store In Philadelphia

March 22, 2019 SGB Update

Champion Athleticwear opened its first store in Philadelphia and its fifth U.S. specialty retail store with other locations in Los Angeles, New York, Boston and Chicago.

Hibbett Sports’ Q4 Blows Past Estimates

March 22, 2019 SGB Update

Hibbett Sports, Inc. reported fourth-quarter earnings rose slightly but came in well above Wall Street’s targets. The retailer also announced plans to close 95 stores this year as part of an “accelerated store closure plan” and a transition plan with the pending retirement of CEO Jeff Rosenthal.

Hibbett Announces CEO Transition Plan

March 22, 2019 SGB Update

Hibbett Sports Inc. announced the planned retirement of Jeff Rosenthal, president and chief executive officer. The Board will commence a search process to identify the company’s next CEO, and Rosenthal will remain at the company in his CEO capacity until a successor is named.

Nike’s Q3 Earnings Top Estimates On Digital Momentum

March 21, 2019 SGB Update

Nike Inc. reported quarterly earnings that slightly topped analysts’ expectations and sales that were in-line. The 7-percent revenue growth was driven by broad-based strength across all geographies as well as Nike Direct, led by digital. By region, the gains were led by Greater China, up 23 percent; followed by EMEA, 9 percent; and North America, 7 percent.

Fleet Feet Scans One Millionth Customer Foot

March 21, 2019 SGB Update

Less than two years after introducing 3D scanning technology into its stores, Fleet Feet has scanned its one-millionth pair of feet as part of its exclusive in-store outfitting experience known as fit id.

Under Armour To Outfit Marshall ISD

March 21, 2019 SGB Update

The Marshall Independent School District (ISD) in Texas has entered into an agreement with Under Armour and BSN Sports to become the district’s official team and school apparel provider.

Fanatics Partners With San Francisco Giants

March 21, 2019 SGB Update

The San Francisco Giants and Fanatics announced a 10-year omnichannel retail partnership which grants Fanatics the rights to operate all Giants Dugout Store locations, including the flagship store at Oracle Park.  

Delta Apparel Eyes Fast Growth At DTG2Go

March 20, 2019 SGB Executive

Speaking at the 31st Annual ROTH Conference, officials at Delta Apparel Inc. said DTG2Go, its digital print and fulfillment business, is poised to expand at a 20 percent CAGR (compound annual growth rate) in the years ahead with digital screen-printing just starting to take off.

Under Armour Sees Record Schools In March Madness

March 20, 2019 SGB Update

While Nike still dominates March Madness sponsorships. Under Armour saw a record 17 of its schools head to the NCAA men’s basketball tournament, up from only 10 the prior year. While Nike still dominates March Madness sponsorships. Nike sponsored 40 of the 68 schools and Adidas, 11.

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