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SSI Data: Top Selling Back-To-School Kids Athletic Footwear

According to SSI Data* The Nike Tanjun and Converse All Star Classics Low Cut Rank Overall Top Selling Back-To-School Kids Athletic Footwear Season-To-Date #1. Nike Tanjun Black/White (above) #2 – Converse All Stars Classics Low/White (below)                                         […]

Under Armour Axes 277 Jobs Amid Restructuring

Shares of Under Armour fell $1.88, or 10.4 percent, to $16.23 Tuesday after the company reduced its annual sales and earnings forecast while announcing a restructuring plan that includes the layoff of 277 employees.

Fanatics’ Raphael Peck Talks League Deals

While the industry’s major players have inked blockbuster licensing deals over the last two years, including Under Armour (MLB), Nike (NBA) and Adidas (NHL), Fanatics has more quietly secured part or all of the licensing rights for the fan piece of the licensing pie. Raphael Peck, president of Fanatics Branded, discusses the new NHL jersey set to launch this September and Fanatics’ ongoing vertical transformation.

Hibbett Launches E-Commerce

Said Jeff Rosenthal, CEO, Hibbett. “We knew that taking Hibbett online was our next step and we tapped into digital experts from inside and outside of our industry, to help us build a world-class e-commerce site with all the bells and whistles and the latest technological features to provide a great Hibbett brand experience, 24/7.”

Sports Direct’s Profits Dragged Down By Weak Pound

On a conference call with analysts, Mike Ashley, CEO and owner, said the company is now expecting an improved U.K. performance at Sports Direct partly because the company had “smashed the ball out of the park” with its investment in more up-market flagship stores.

Dick’s Shutters Chelsea Collective

Dick’s said in a statement provided to SGB Exec: “We opened Chelsea Collective stores as a lab to more thoroughly understand the women’s specialty athletic business. As the leases at both locations are expiring soon, we have concluded the very successful experiment. We have learned a great deal from Chelsea Collective and the valuable insights will be transferred to Dick’s Sporting Goods to better serve our female customers.”