Dick’s Sporting Goods agreed to pay $2.9 million in a settlement between the retailer and California retail workers over apparel costs and mandatory off-the-clock security checks according to a report from HR Dive.
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Dick’s SG’s Q2 Profit And E-Commerce Sales Soar
Dick’s Sporting Goods reported earnings in the second quarter on an adjusted basis jumped 150 percent topping Wall Street targets as same-store sales grew 20.7 percent. E-commerce sales nearly tripled. Dick’s officials said the performance was helped by a shift toward athletic and active lifestyle products with people spending more time working and exercising at home.
Dick’s To Close For Two Weeks
Ed Stack, Dick’s Sporting Goods’ CEO, announced that the retailer will close its locations from March 19 until April 2 “in support of the nation’s efforts to stop the spread of COVID-19.” In a regulatory filing, Dick’s also said it has experienced a “significant reduction in customer traffic and demand” since March 10 and was withdrawing its guidance for the year.
Sportsman’s Warehouse To Acquire Two Field & Stream Stores In Kentucky And Michigan
Sportsman’s Warehouse Holdings Inc. announced that it has entered into agreements with Dick’s Sporting Goods Inc. to acquire two Field & Stream locations. The stores in Crescent Springs, KY, and Kalamazoo, MI, will be rebranded as Sportsman’s Warehouse.
Brad Weston Becomes Party City’s CEO
Party City Holdco Inc. said Brad Weston, who was SVP and chief merchandiser at Dick’s Sporting Goods from 2006 to 2011, has been appointed CEO of Party City Holdco Inc.
New National Report Puts Spotlight On Girls’ Sports Participation
In recognition of Women’s History Month, the Women’s Sports Foundation (WSF) in a partnership with Dick’s Sporting Goods Foundation released” Keeping Girls in the Game: Factors that Influence Sport Participation,” a new, national research report examining the social influences on youth entry, retention and drop out from sports.
Carrie Underwood Launches Fit52 Fitness App
Carrie Underwood, who launched the CALIA By Carrie Underwood line of athleisure wear five years ago at Dick’s Sporting Goods, announced the launch of her new fitness app, fit52.
Brooks Running Extends Partnership With P3R
Brooks will continue to showcase their expertise as the official Apparel and Footwear Provider for all of P3R’s races, including (but not limited to) the Dick’s Sporting Goods Pittsburgh Marathon weekend of events, Fleet Feet Liberty Mile, EQT Pittsburgh 10 Miler, GAP Relay presented by UPMC Health Plan, and the FlyBy 5K presented by CNX Resources.
Active Stocks Bounce Back In 2019
After two challenging years, stocks in the active lifestyle space saw a strong recovery in 2019 as the broader stock market delivered its biggest gains since 2013. Among stocks seeing their values spike were Yeti, Hibbett Sports, Lululemon, Skechers, Dick’s Sporting Goods and Sportsman’s Warehouse.
Kohl’s Announces President Plans to Step Down, Paul Gaffney Named CTO
Kohl’s announced that Sona Chawla will step down from her role as president at Kohl’s in mid-October to pursue new opportunities. Paul Gaffney, most recently at Dick’s Sporting Goods, has been named chief technology officer.
Dick’s Touts Benefits Of Strong Vendor Partnerships
At Goldman Sachs’ annual retail conference, officials at Dick’s Sporting Goods discussed how stronger partnerships with vendors are helping revive top-line growth and how Dick’s complements their vendor partner’s aggressive DTC-growth efforts. Other topics included the challenges addressing girls playing sports, tariffs and the baseball category’s resurgence.
Stack Sports Acquires Affinity Sports And Blue Sombrero
Stack Sports, the specialist in sports technology, announced the acquisition of Affinity Sports and Blue Sombrero from Dick’s Sporting Goods. In connection with the transaction, the companies have entered into a long-term strategic partnership for retail promotion, live event scoring and team management technologies.
Dick’s Shares Unsettled By Tariffs Woes
Dick’s Sporting Goods reported better-than-expected earnings in the first quarter due to aggressive stock buybacks and same-store sales reaching the high-end of plans with the help of stepped-up inventory investments. Shares, however, slid after tepid guidance was provided for the back half of the year due largely to the potential impact of tariffs.
RECALL: Field & Stream Hunting Stands
About 2,600 Field & Stream Timberline Hang On Tree Stands are being recalled by Dick’s Sporting Goods.
Patagonia, L.L. Bean Near Top Of Reputation Rankings
Patagonia ranked third and L.L. Bean fourth in this year’s Axios Harris Top-100 Poll’s survey ranking the public’s perception of the 100 most visible U.S. companies. Nike, Adidas, Under Armour and Dick’s Sporting Goods also landed on the list.
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