Buckingham Research raised its rating due to the potential bottoming of domestic athletic cyclical pressures, an improving vendor product pipeline set to arrive in the second half of 2018, and an eventual payback from its strong partnerships with the industry’s key branded players: Nike, Adidas and Under Armour.
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Deutsche Bank Upgrades Dick’s On Signs Of Stabilizing Industry
Deutsche Bank upgraded its rating on Dick’s Sporting Goods to “Buy”’ due to the signs of more-favorable trends in footwear and inventory pressures across the industry lessening.
Wells Fargo Sees Dick’s As Long-Term “Survivor”
Wells Fargo upgraded its rating on Dick’s Sporting Goods to “Outperform” in part because it believes the company will ultimately benefit from the industry’s consolidation, much like Best Buy has done in the consumer electronics channel.
‘Sports Authority Field’ Sign Being Removed From Broncos Stadium
Following the liquidation of the chain in the fall of 2016, the Denver Broncos on Tuesday announced plans to remove the Sports Authority signage on the outside of the team’s stadium in coming weeks.
Many Active Stocks Miss Market Rally In 2017
While the broader stock markets soared to record highs in 2017, many major stocks in the active lifestyle industry weren’t invited to the party.
Dick’s To Honor $9.98 Houston Astros Jersey Deal After Pricing Glitch
Following an uproar across social media, Dick’s Sporting Goods said it plans to ”honor the price” of World Series replica jersey that were priced at $9.98 due to a pricing error.
Dick’s Donates $120,000 To Houston-Based Refugee Soccer Team
Dick’s released a short film, “reVision FC: A Holiday Assist,” which captures the story of the team’s struggles after Hurricanes Harvey and Irma.
Wall Street Reacts: Dicks Q3
For the analyst community, Dick’s issuance of a poor outlook for 2018 indicates that the industry’s return to healthy, full-price selling will take longer than expected.
’47 Expands NBA Partnership
The agreement grants the brand rights to use current NBA team logos on adult apparel as well as men’s, women’s and youth headwear. ’47 will also create product for the league’s key seasonal moments including NBA All-Star, NBA Playoffs and NBA Finals.
Aisle Talk, Week Of October 9
Top headlines from the active lifestyle industry you may have missed this week.
Dick’s SG Believes Golf And Best Buy Turnarounds Offer Hope For Athletics Recovery
On Tuesday at Goldman Sachs’ 24th Annual Global Retailing conference in New York City, Ed Stack, chairman and CEO of Dick’s Sporting Goods, likened the potential recovery in the athletic space to the recent bounce back in the golf category as well as the surprise turnaround by Best Buy.
Project Play 2020 Launches To Grow Youth Sports Participation
More than a dozen leading sport, health, media and other organizations – including Nike, Dick’s Sporting Goods, SFIA, MLB and NBA – have partnered to grow national sport participation rates and related metrics among youth.
More Parents Holding Off On Back-to-School Shopping
According to the National Retail Federation’s annual survey conducted by Prosper Insights & Analytics, the average family with children in grades K-12 had completed only 45 percent of their shopping as of early August. That’s down from a peak of 52 percent at the same time in 2013 and 48 percent last year, and the lowest level since 40 percent in 2012.
NSGA Highlights Importance Of Physical Retail
The National Sporting Goods Association (NSGA) cautioned industry executives not to overreact to what it considers to be “incorrect conclusions” found in an study from Astound Commerce on the value of vendor stores and websites.
DSW Eyes Benefits From Retail Disruption
Believing the store closings across retail are working in its favor, DSW Inc. reported second-quarter earnings that handily topped Wall Street estimates while logging its first quarterly same-store gain since 2015.
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