Results for "dick's sporting goods"

Cowen’s fourth annual Gen Z and Millennial survey found that Nike, Air Jordan and Lululemon have solid traction by preference in the active lifestyle space among the younger demographic. The North Face and Amazon also ranked high by preference, and the overall survey suggested ESG and social commerce gained greater momentum in 2021.

Solo Brands, the parent of Solo Stove, Oru Kayak, ISLE Paddle Boards, and Chubbies apparel, filed for an initial public offering to cement its position as the “leading digitally-native DTC lifestyle disruptor” in the outdoor space

Retailers broadly delivered second-quarter results that handily topped Wall Street’s targets and lifted their 2021 guidance as sales momentum remained resilient. However, supply chain concerns, marked by port congestion and recent factory shutdowns in Vietnam that could limit second-half growth, were widely discussed on recent quarterly calls. Insights from Dick’s SG, Hibbett, Academy Sports, Big 5, Macy’s, Kohl’s, Foot Locker and Lululemon follow.

Speaking at Goldman Sachs Global Retailing Conference, Lauren Hobart, president and CEO at Dick’s Sporting Goods, said the retailer has been able to grab market share over the past couple of years partly because of investments supporting omnichannel execution but also because key brand partners have been narrowing distribution and bringing more differentiated product to the retailer’s selling floors.

The Sports & Fitness Industry Association (SFIA) released its 2021 State of the Industry Report showing that despite COVID-restrictions, sporting goods sales overall were able to recover to post a small, but positive, growth rate in 2020.

In the prospectus for its initial public offering, IFit Health & Fitness identified seven growth drivers designed to capitalize on the expanding connected fitness marketplace.

Emboldened by a record-breaking second quarter, Dick’s Sporting Goods said it now expects same-store sales in 2021 to climb in the range of 18-to-20 percent, up from guidance of 8-to-10 percent previously,  while hiking its earnings targets. Dick’s officials also delivered their most upbeat comments on potential long-term benefits coming from changed behaviors due to the pandemic.

Representing its fourth consecutive quarter of record performance on strength across both its Outdoor Products and Shooting Sports segments, Vista Outdoor reported sales grew 38.4 percent in the first quarter ended June 27 and predicted sales would climb approximately 25 percent in the second quarter.

The Top National stories and the Latest headlines across the Active Lifestyle Market for the week of July 19, 2021 are covered in the SGB Updates and delivered to your inbox every business day.

Dick’s Sporting Goods, last fall, confirmed it would launch a new retail concept, Public Lands, to explore “white space” in reaching outdoors enthusiasts. By December, outdoor industry veteran Todd Spaletto was hired to lead the project. Spaletto discusses the vision behind Public Lands with SGB Executive and how the pandemic has elevated the outdoors opportunity. 

At CNBC’s Evolve Global Summit, Lauren Hobart, CEO of Dick’s Sporting Goods, said she believes that many consumers have permanently embraced active apparel and outdoor hobbies as a result of the pandemic. However, she also elaborated on the supply chain hurdles the chain faces catching up to that newfound demand.

In Clarus Corp.’s first discussion with the investment community since announcing plans to acquire Rhino-Rack, John Walbrecht, Clarus’ president, said the rack system manufacturer has a dominant share in Australia and New Zealand with the major initial opportunity expanding the brand to North America.