Dept. Sporting goods

  1. Partnerships & Alt Profit
​[[“value”:” This audio is auto-generated. Please let us know if you have feedback. It’s been another week with far more retail news than there is time in the day. Below, we break down some things you may have missed during the week and what we’re still thinking about.  From a new global brand president at […]
  1. Media & Marketing
In a first-ever partnership between two retail icons, Macy’s will carry an exclusive collection of sleepwear, underwear and intimates for men and women from Gap. The assortment, which will feature exclusive designs and colorways priced from $12.50 to $79.95 online, will be available online, on the Macy’s mobile app and at select stores nationwide. “This […]
  1. Trends & External Forces
While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s, Target and Dick’s Sporting Goods. The National Retail Federation’s 2022 Security Survey found […]
  1. Trends & External Forces
While shrink is far from a new problem in retail, the impact of theft — particularly large-scale operations run by organized retail crime (ORC) rings — has been garnering the attention of executives at some of the country’s largest retailers, including Lowe’s, Target and Dick’s Sporting Goods. The National Retail Federation’s 2022 Security Survey found […]
  1. Trends & External Forces
Dick’s Sporting Goods reported a 23 percent drop in profits and slashed its earnings guidance for the year after it saw an uptick in retail theft. The sporting goods retailer also implemented aggressive markdowns to clear out excess inventory in its outdoor category, reports CNBC. On Tuesday, Dick’s announced a “business optimization” plan that includes cutting jobs and streamlining […]
  1. Corporate Finance
[[“value”:” Founded in 1948 by Richard “Dick” Stack, Dick’s Sporting Goods, Inc. is the largest sporting goods retailer in the United States and is listed on the Fortune 500 / Credit: JHVEPhoto via Shutterstock Dick’s Sporting Goods, a major player in the retail industry, announced a significant setback in its financial performance on Tuesday. The […]
  1. Trends & External Forces
The U.S. Census Bureau announced that overall retail sales in July were up 0.7 percent from June and up 3.2 percent year-over-year (YoY), reports CNBC. The advanced retail sales report showed a seasonally adjusted increase of 0.7 percent for the month, better than the 0.4 percent Dow Jones estimate. Excluding autos, sales rose a robust 1 percent, also against a 0.4 percent […]
  1. Department & Category
WASHINGTON – July retail sales in the United States rose by more than forecast, highlighting consumers’ resilience despite high interest rates and still-high inflation. Commerce Department data show the value of retail purchases increased 0.7% last month. The improvement exceeded economists’ expectations for an 0.4% gain. The figures are adjusted for seasonality but not for inflation. Retailers […]
  1. Shopper & Customer
The consumer packaged goods (CPG) industry is under pressure. While usually defined by stability and consistency, CPG has undergone an upheaval in recent years, driven by pandemic-related adaptations as well as evolving labor and consumer trends. Today, the CPG market is marked by a high degree of uncertainty, with consumers unwilling (or unable) to spend […]
  1. Channel: Ecommerce & Digital
NEW YORK — reported record sales for its Prime Day shopping event that spanned July 11 and July 12. The first day, according to Amazon, marked the highest daily sales yet achieved by the online retailing giant. “The first day of Prime Day was the largest sales day in Amazon’s history, and Prime members […]
  1. Shopper & Customer
Reuters reports U.S. retail sales rose less than expected in June, increasing 0.2 percent month-over-month, the Commerce Department said on Tuesday. Data for May was revised higher to show sales gaining 0.5 percent instead of 0.3 percent as previously reported. Economists polled by Reuters had forecast retail sales gaining 0.5 percent. Excluding automobiles, gasoline, building materials and food services, […]
  1. Media & Marketing
Ordinarily, unfairly capitalizing on the familiar brand identity of a known brand would be brand dilution. The entity using the known brand’s identity can be considered a parasite. A parasite brand is a brand that lives off the brand equity of another brand. No imitator, no copycat, no parasite should be allowed to steal another […]
  1. Shopper & Customer
WASHINGTON, July 18, 2023 – Retail sales continued to rise in June even as employment grew more slowly, the National Retail Federation said on Tuesday. “June retail sales confirm that while the economy may be cooling, consumers remain on solid footing and are spending on household priorities,” NRF president and CEO Matthew Shay said. “Back-to-class […]
  1. Trends & External Forces
by Kevin Coupe This morning’s Eye-Opener isn’t really about your business.  It actually is about my business.  (Not MNB, but rather the broader media world.)  But I think it teaches us several lessons – good and bad -about how to approach evolution in an entrenched business model, and how to talk about it. First, the […]
  1. Shopper & Customer
WASHINGTON – Retail sales rose again in May as consumers continued to spend despite economic challenges, the National Retail Federation said on Thursday. “Consumers continued to spend on household priorities in May, supported by gains in the job market and wages,” NRF President and CEO Matthew Shay said. “Retailers recognize the ongoing pressure on cost-sensitive […]
  1. Shopper & Customer
How consumers spend their money through the holidays can often be a bellwether for trends in the months and years to come. With that in mind, the SpendTrend team at Fiserv took a deep dive into consumer spending patterns from Q4 of 2022. It found that increases in credit usage, contactless payments, and omnichannel interactions […]
  1. Acquisitions, Divestitures & Mergers
Ebay’s spending spree is continuing with the acquisition of Certilogo, a provider of digital IDs and authentication tools for apparel and fashion goods. This latest acquisition follows an investment by Ebay Ventures in used sporting goods marketplace SidelineSwap earlier this month and the acquisition of marketplace compliance solution 3PM Shield in February 2023. All three […]
  1. Shopper & Customer
WASHINGTON – Retail sales bounced back in April, the National Retail Federation said Tuesday, noting that sales increased both month-over-month and year-over-year. “Retail sales rebounded in April, reflecting consumer resilience in the face of elevated economic uncertainty,” NRF President and CEO Matthew Shay said. “Moderating price levels, continued labor market strength and wage gains have […]
  1. Corporate Finance
Online marketplace for new and used sporting goods SidelineSwap has secured investment from eBay Ventures. The news comes after the 2022 announcement of another investment in SidelineSwap by Dick’s Sporting… The post SidelineSwap secures investment from eBay Ventures appeared first on Latest Retail Technology News From Across The Globe – Charged.
  1. Channel: Drug
NEW YORK — National retailers and local mom-and-pop shops across Denver, Colo. and Tucson, Ariz. are participating in the new ‘Bring Your Own Bag’ Pilot, a first-of-its-kind initiative launched by the Consortium to Reinvent the Retail Bag, managed by Closed Loop Partners. Many national brands in the U.S., including Consortium partners CVS Health; Target; DICK’S […]
  1. Operations & Supply Chain
Target is making it easier for customers to return products, launching curbside returns last week that allows people to make returns from the comfort of their cars. The retailer’s goal is to roll out the service to all stores by the end of the summer, but for now it’s available in a quarter of Target’s […]
  1. Channel: Mass
Walmart is selling online apparel brand ELOQUII to FullBeauty Brands, marking the retailer’s third divestiture of a direct-to-consumer brand this year. The big-box retailer sold Bonobos to WHP Global and Express earlier this month and offloaded Moosejaw to Dick’s Sporting Goods in February. The sales are a reversal of a 2017-18 strategy led by Marc Lore, Walmart’s former head of e-commerce. Walmart bought ELOQUII in […]
  1. Channel: Mass
Bloomberg reports that Walmart is selling its Bonobos menswear brand for $75 million – $235 million less than it paid for the brand a half-dozen years ago. Bonobos is being sold to “WHP, owner of such brands as Anne Klein and Joseph Abboud, will pay $50 million for the Bonobos brand,” as well as a […]
  1. Shopper & Customer
WASHINGTON – Retail sales slowed in March, but spending was still higher than during the same time last year, the National Retail Federation said Friday.   “Retail sales moderated in March after posting strong gains in the first two months of the year,” NRF President and CEO Matthew Shay said. “Continued easing of inflation and the […]
  1. Merchandising
As a retailer, getting shoppers into your store is the first big hurdle, but then comes an even more complex beast—getting them to make a purchase. One essential component of this is using the best retail assortment strategy for your store. For some retailers, simply offering a wide variety of items is the key, even […]

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  1. Channel: Grocery
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  17. Stores & Formats
Hy-Vee launched the full-scale version of its retail media network, called Hy-Vee RedMedia, at the Groceryshop 2023 conference this week in Las Vegas. The West Des Moines, Iowa-based retailer described the platform as a disruptor in the retail media landscape that will connect brands directly with Hy-Vee’s customer base across multiple platforms, including both online […]
  1. Channel: Delivery
  2. Channel: Ecommerce & Digital
  3. Channel: Grocery
  4. Channel: Grocery - Natural
  5. Department: Food
  6. Acquisitions, Divestitures & Mergers
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  15. Stores & Formats
Instacart saw its share price erode in the two days following its initial public offering, after it rose 12.7% in its first day of trading on the NASDAQ exchange. The stock settled down to just slightly over its IPO price of $30 per share on Wednesday, its first full day on the exchange, then ranged […]
  1. Retailer Media
#30DaysofRetailMedia | Day 21: Retail Media Metrics Metrics help brand advertisers measure retail media effectiveness. Key performance indicators (KPIs) span the full marketing funnel, as consumers can enter anywhere. Brand advertisers: 🎯 Choose KPIs according to their objectives📊 Measure baseline results for meaningful comparisons🌟 Review their metrics for data insights to optimize their processes and […]
  1. Holiday & Events
  2. Trends & External Forces
  3. Holiday & Events
Experts predict slow growth in 2023 holiday sales as consumers tighten their belts in a tough economy, but e-commerce will remain a bright spot. Stores are filling with displays of holiday decorations and holiday-themed merchandise as retailers eagerly prepare for the annual shopping surge, but consumers may not be as excited. Forecasts for 2023 holiday […]