Dept. Sporting goods

  1. Department: Nonfood
Target will close nine stores in four cities on Oct. 21, 2023, saying theft and organized retail crime are threatening the safety of its customers and associates and “contributing to unsustainable business performance,” according to a company statement. Target noted that it has made multiple efforts to secure these location, including adding more security team […]
  1. Channel: Mass
Dick’s Sporting Goods, which acquired Moosejaw from Walmart in February 2023 for an undisclosed amount, plans to close all but three of the 14 stores in the outdoor retailer chain, according to multiple media reports. In recent months Dick’s has been putting more energy into formats such as its House of Sport and Public Lands […]
  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 — Amazon.com 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 […]
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See this visualization first on the Voronoi app. Car Brand Loyalty in 2024 This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources. This graphic visualizes the best and worst car brands in terms of brand loyalty. […]
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Shoptalk always brings the best and brightest minds of the industry together for four days packed with insights, networking opportunities, trend predictions and so much more. This year, the spring event in Las Vegas was no exception. But like many other major industry events, Shoptalk can feel like you’re sprinting a marathon — there’s so […]
  1. Department: Consumer Durables
  2. Department: Consumer Durables
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  5. Partnerships & Alt Profit
  6. Shopper & Customer
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  8. Stores & Formats
Amid faltering demand for shoes and clothing as well as slipping digital sales, Nike Inc. said last week that it will bank a lot more on the thing it has spent the past several years turning away from: other retailers. Executives discussed those plans on Nike’s earnings call, during which it announced that while fiscal […]
  1. Trends & External Forces
  2. Department: Food
  3. Department: Nonfood
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  7. International
  8. Shopper & Customer
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The Federal Trade Commission (“FTC”) is set to release an updated version of its Guides for the Use of Environmental Marketing Claims this year. These “Green Guides” — which haven’t been updated in over a decade — do not have the force of law but provide marketers with guidance on how to make properly substantiated […]

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