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.
Pocket Outdoor Media To Host Media Hub At The Running Event
Competitor Running, Women’s Running, Triathlete, and VeloPress will host the Official Media Hub of The Running Event 2018 tradeshow from November 28 to 30 at the Austin Convention Center.
Merrell Joins The Ragnar Trail Series As The Official Footwear Partner
Merrell has announced a partnership with Ragnar Trail Series as the official footwear sponsor of the 2019 and 2020 seasons.
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.
Columbia Sportswear Appoints VP And General Manager Of China
Columbia Sportswear Company announced the appointment of John Soh as vice president and general manager of China, effective February 2019. Soh was senior commercial director in the Asia Pacific region for Lego.
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.
Active Ride Shop Launches Referral Program
Active Ride Shop, the action sports chain based in Rancho Cucamonga, CA, has launched a new “The Crew” referral program that gives back to anyone 13 and up in cash and/or gear.
Holiday Selling Off To Healthy Start
Black Friday pulled in $6.22 billion in online sales, up 23.6 percent from a year ago and setting a new high, according to Adobe Analytics. Traffic was seen declining again at physical stores but some reports showed the extent of the declines were lower than previous years.
Keen Matches Donations To Support Camp Fire Communities
Keen Inc. said it will match donations up to $15,000 to help California-based first responders and the Northern California communities affected by Camp Fire.
Salomon And Runner’s World Partner To Empower Winter Runners
Runner’s World and Salomon are teaming up to help runners end the year on a high note with the latest edition of the Holiday Run Streak Challenge.
Nike Extends Partnership With Nigeria Football Federation
The Nigeria Football Federation (NFF) announced a long-term extension of its partnership with Nike which will run through 2026 FIFA World Cup.
Foot Locker Bullish On Holiday
Foot Locker Inc. reported third-quarter earnings that topped Wall Street’s targets as greater full-price selling boosted margins. The sneaker chain also gave an upbeat outlook on holiday selling on improving comp growth. The footwear category comped positive for the first time in six quarters.
