Dept. Sporting goods

  1. Holiday & Events

Dick’s sales rise 3%, buoyed by strong back-to-school season

​[[“value”:” Dive Brief It could be a good indicator of holiday performance, but that season is “very distinct” from the summer sales event and involve a wider group of competitors. Published Nov. 22, 2023 External shot of a Dick’s Sporting Goods store. Net income fell about 12% in the quarter, to $201 million. Daphne Howland/Retail Dive […]
< 1 min read
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  1. Data & Insights

Holiday sales below year-ago levels as 2023 season begins

Key Takeaways Online Marketplaces like Temu and Amazon are outperforming Share of sales online is stable or rising across most categories Luxury and home goods are underperforming Holiday sales decline for first time in years Contact Sales for more details. Holiday sales are down 1.7% YoY in the first 8 days of the holiday season according […]
3 min read
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  1. Shopper & Customer

Consumers Just Keep Spending Online: Here’s How to Keep it Going this Holiday Season and into 2024

August’s overall retail sales in the U.S. showed continuing resilience, with actual growth of 0.6% after economists polled by Reuters had predicted just 0.2% growth. However, the overall data masks some key data points that may be of concern to retailers, including data showing declines in discretionary categories such as furniture (-1.0%) and sporting goods […]
4 min read
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  1. Stores & Formats

NRF reports 0.7% growth in US retail sales for September

Sales for grocery and beverage stores in the US grew 0.4% seasonally adjusted from August. Credit: Peggy Chai from Pixabay. Retail sales in the US increased 0.7% in September 2023 from the previous month and grew 3.8% year-over-year (YoY), according to data from the National Retail Federation (NRF). During the month, retail sales, excluding automobile […]
2 min read
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  1. Shopper & Customer

Retail sales grew in September

WASHINGTON – Reports out today on retail sales in September show that consumers have retained the ability and willingness to spend despite accumulating economic headwinds from higher interest rates and slowing growth, according to the National Retail Federation. The NRF’s calculation of retail sales – which excludes automobile dealers, gasoline stations and restaurants to focus […]
2 min read
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  1. Technology & Innovation

The Evolution of AI in Retail and Why it’s Only the Beginning

Artificial intelligence is no stranger to the retail industry. Amazon.com was an early adopter of AI, leveraging it more than two decades ago to provide online shoppers with fairly rudimentary product recommendations. The use of AI in retail has advanced substantially since then and is now an important staple for brands’ e-commerce technology stacks, driving […]
3 min read
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  1. Department: Nonfood

Citing Theft and Safety Issues, Target Closes 9 Stores in 4 States

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 […]
2 min read
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  1. Channel: Mass

Dick’s Sporting Goods to Close all but 3 Moosejaw Stores

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 min read
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  1. Partnerships & Alt Profit

The Weekly Closeout: Academy Sports and Outdoors expands assortment, and has pumpkin spice gone too far?

​[[“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 […]
4 min read
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  1. Media & Marketing

Macy’s to Sell Gap Sleepwear and Intimates; Academy Adds L.L.Bean Merchandise

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 […]
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  1. Trends & External Forces

Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety

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 […]
2 min read
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  1. Trends & External Forces

Dick’s, Lowe’s, Target Execs Cite Theft’s Impact on Financial Results and Safety

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 […]
2 min read
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  1. Trends & External Forces

Dick’s Cuts Outlook and Jobs, Citing Growth in Theft

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 […]
2 min read
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  1. Corporate Finance

Dick’s shares fall by 24% amid theft concerns and outlook cut

[[“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 […]
3 min read
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  1. Trends & External Forces

Retail Sales Increased 0.7% in July, Better Than Expected Amid Prime Day, Back-to-School Sales

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 […]
2 min read
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  1. Department & Category

U.S. retail sales for July top expectations

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 […]
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  1. Shopper & Customer

In a Shifting Market, Can Direct-to-Store Delivery Help Stabilize CPG?

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 […]
3 min read
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  1. Channel: Ecommerce & Digital

Amazon Prime Day sets sales record

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 […]
3 min read
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  1. Shopper & Customer

June Retail Sales Rise Minimally, But Showcase Resiliency

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, […]
2 min read
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  1. Media & Marketing

Transferring The Power Of Acquired Brand Equity

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 […]
4 min read
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  1. Shopper & Customer

NRF reports that retail sales grew again in June

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 […]
2 min read
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  1. Trends & External Forces

Tuesday Eye-Opener:  Sporting Goods vs. Bads

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 […]
4 min read
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  1. Shopper & Customer

NRF: Retail Sales Increased Again in May

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 […]
2 min read
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  1. Shopper & Customer

What Consumer Spending is Signaling to Retailers

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 […]
3 min read
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  1. Acquisitions, Divestitures & Mergers

Ebay Continues Trust Offensive with Acquisition of Certilogo

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 […]
2 min read
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  1. Shopper & Customer

NRF says retail sales rose in April

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 […]
2 min read
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  1. Retailer Media
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Kroger Delivers its First-Party Data to the Yahoo DSP

Yahoo Advertising and Kroger Precision Marketing (KPM) — the retail media business of Kroger, powered by 84.51° — are teaming up to bring Kroger’s first-party, purchase-based audiences to the Yahoo Demand-Side Platform (DSP). Yahoo DSP advertisers can now activate KPM’s audiences to reach targeted consumers with their advertising and measure campaign results. While off-site advertising […]
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  10. Stores & Formats

Amazon tops expectations for revenue, earnings

SEATTLE – Amazon posted better-than-expected revenue and earnings in the quarter ended March 31. Net sales increased 13% from a year earlier to $143.3 billion. The company reported first-quarter net income of $10.4 billion, or 98 cents a diluted share, compared to $3.2 billion a year earlier. Amazon’s operating income surged to $15.3 billion, up […]
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  1. Trends & External Forces
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  9. Associates & Employees
  10. Stores & Formats

Walmart to close all 51 health centers

BENTONVILLE, Ark. — Walmart today said it has made the “difficult decision” to close its Walmart Health and Walmart Virtual Care clinics, citing a lack of profitability. “The decision to close all 51 health centers across five states and shut down the virtual care offering was not easy. We understand this change affects lives – […]
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