Results for "dick's sporting goods"

Academy Sports’ initial public offering was priced on Friday below the projected range and basically flat in its first day of trading. In an interview with SGB Executive, however, Academy’s CEO Ken Hicks said the retailer’s business is on an up-trend, and he’s confident in long-term success.

The coronavirus fallout on supply chains and increasingly consumer spending was addressed extensively on quarterly conference calls last week. Many expressed vast uncertainty on what disruptions the coronavirus may have on retail. Dick’s CEO Ed Stack said, “We have no idea. I don’t think we’ve seen anything like this in a very, very long time.”

Dick’s Sporting Goods reported earnings in the fourth-quarter that again topped Wall Street’s targets as same-store sales jumped 5.3 percent. Plans for 2020 included big investments in golf and soccer categories as well as women’s overall. But all the attention went to the retailer’s decision to remove the hunt category from another 440 stores.

Top headlines from across the active lifestyle industry featured in SGB during the week of October 28, 2019.

Dick’s Sporting Goods Inc. raised its full-year outlook while reporting its strongest quarterly comp gain since 2016. The performance was in large part tied to a 19.0 percent hike in inventory levels. Dick’s officials indicated other newer strategies – including increasing space to faster-growing categories, forming closer partnerships with key vendors and differentiated marketing – are also starting to pay off.

Top headlines from the active lifestyle industry you may have missed this week, including the announcement that Darrell Denny, EVP at Emerald Expositions who oversees Outdoor Retailer, is leaving the company, effective May 24.