Hibbett Sports Q1 Operating Earnings Slide

Hibbett Sports Inc. reported operating earnings slid 16 percent in the first quarter as comps dipped 0.3 percent and both margins and the chain’s expense rate eroded. Hibbett said results exceeded the company’s internal plan and gross margin improvement was seen in April.

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Foot Locker Q1 Blows Past Q1 Estimates

Foot Locker Inc. reported earnings before charges slid 3.3 percent in the first quarter, but came in well ahead of Wall Street’s targets. Dick Johnson, Foot Locker’s CEO, said in a statement, “The flow of premium product continues to improve, with increasing breadth and depth in the most sought after styles from our key vendors.”

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Report: Nike To Replace Under Armour In MLB Deal

Nike Inc. is close to striking a deal to continue as Major League Baseball’s on-field apparel suppler in the 2020 season, according to a report from SportsBusiness Daily. Under Armour was expected to assume on-field rights from Nike in 2020.

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Arccos Golf Launches AI Platform Arccos Caddie 2.0

Arccos Golf has released a next-generation artificial intelligence platform, Arccos Caddie 2.0, which now provides players with real-time strategies for every shot on any hole in the world. Powered by Microsoft Azure, Arccos Caddie has also been made a free feature for all users of the Arccos 360 system. 

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Riddell Unveils Head-Impact Training Tool

Riddell unveiled the company’s InSite Training Tool (ITT), a web-based data center that collects and analyzes on-field head impacts. ITT comes as the newest feature in Riddell’s InSite impact monitoring platform.

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ClassPass Hires VP of International

ClassPass, the fitness membership startup, announced the company will be expanding the company’s global presence by launching in nine new countries by the end of 2018. Chloe Ross has been hired as VP of international to lead the charge on global strategy and execution.

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