Hibbett Still Upbeat On Holiday Despite Q3 Miss

Hibbett Sports Inc. slightly lowered its full-year earnings guidance after reporting third-quarter earnings that just missed Wall Street’s targets. But e-commerce continues to outperform and Hibbett officials are hopeful footwear growth will accelerate in th fourth quarter promising offerings from Nike, Adidas and a number of smaller brands. Apparel, helped by the addition of Champion and Fila, is expected to continue to see robust growth.

Cyber Monday Breaks Online Sales Record

Cyber Monday is projected to hit $7.9 billion by the end of the day, making it the largest online shopping day of all time in the U.S., according to Adobe. This represents a 19.7 percent increase year-over-year year-over-year as of 7:00 p.m. ET.

Women’s Running Releases 2018 Audience Study

Women’s Running released its 2018 Audience Study based on interviews with 6,572 of its readers. The survey found Women’s Running audience on average spent $1,438 each year on running-related goods and services and an additional $1,155 on running-related travel. Respondents on average ran average of 198 days a year for 941 annual miles.

Dick’s Sporting Goods Commits $6 Million To Youth Sports

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.

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.

Riddell Partners With The Alliance of American Football

Riddell and The Alliance of American Football announced a multi-year partnership bringing the latest in football helmet technology and protective equipment to the new league and its players. Riddell will serve as the official protective equipment partner of The Alliance through the 2021 season.

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.

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.

Suunto And Strava Deepen Partnership

Suunto and Strava, the social network for athletes, announced that the two companies have deepened their partnership. Strava has been a key partner for Suunto since 2014 and today the number of athletes connecting to Strava is growing faster than ever before.