SGB Sportsmans

Dick’s CEO Pens Op-Ed Urging Congress To Act On Guns

In an op-ed in the Washington Post,  Ed Stack, CEO of Dick’s Sporting Goods, urged Congress to pass stricter gun laws. He wrote in part, “The majority of Americans are demanding that members of Congress take a stand and be brave enough to do their jobs.”

Dick’s Touts Growth Opportunities In Footwear And Apparel

Speaking last week at the Bank of America Merrill Lynch Consumer and Retail Technology Conference, Dick’s Sporting Goods’ officials elaborated on its exit from the fitness tracker category and challenges in firearms. But much of its presentation was spent discussing growth opportunities on the footwear and apparel side with brands including Nike, Adidas, Brooks and Patagonia as well as its numerous private labels.

NSGA Sports Participation Study Shows Mixed Performance

Early figures from the 2018 edition of the NSGA’s Sports Participation showed continued participation gains in Open Water Sports and Outdoor Activities while declines were suffered in Team Sports, Fitness Activities, Shooting Sports and Indoor Games.

Omnichannel Focus Fueling Duluth’s 2018 Ambitions

Bolstered by double-digit revenue growth in both the fourth quarter and fiscal year, Duluth Holdings Inc., parent of Duluth Trading Co., is doubling down on its omnichannel strategy of building its brick-and-mortar presence while also beefing up e-commerce capabilities.

Sportsman’s Warehouse CEO To Retire

Sportsman’s Warehouse announced today the retirement of its chief executive officer, John Schaefer. Schaefer also resigned as a member of the board of directors. Jon Barker, the company’s president and chief operating officer, has been appointed as the company’s chief executive officer and has also been appointed to the Board of Directors to fill the vacancy created by Schaefer’s retirement.

February Retail Sales Increase 4.4 Percent Over Last Year

February retail sales increased 0.3 percent seasonally adjusted over January and 4.4 percent year-over-year as the economy continued to grow, the National Retail Federation said. Sporting goods stores were down 3.4 percent year-over-year but up 2.2 percent from January seasonally adjusted.

Dick’s Hopes Healthier Margin Outlook Offsets Top-Line Challenges

Dick’s Sporting Goods said on its fourth-quarter conference call that it’s facing top-line challenges in the hunt and fitness tracker categories as well as the Under Armour brand overall. But stronger product innovation from select key partners and the continued expansion of its private brands are expected to result in less margin pressure in 2018 than previously expected.