Dept. Sporting goods

  1. Corporate Finance

SidelineSwap secures investment from eBay Ventures

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.
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  1. Channel: Drug

Sustainable bag pilots running in Denver and Tucson

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 […]
4 min read
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  1. Operations & Supply Chain

Target Launches Curbside Returns in Select States

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 […]
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  1. Channel: Mass

ELOQUII is Latest D2C Brand to Be Sold by Walmart

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 […]
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  1. Channel: Mass

Walmart Sells Bonobos At Steep Discount

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 […]
2 min read
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  1. Shopper & Customer

NRF: Retail sales ‘moderated’ in March

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 […]
2 min read
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  1. Merchandising

Retail Assortment Strategies: What Are They & How Do They Work?

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 […]
6 min read
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  1. Shopper & Customer

Annual spending per consumer up by 4.4%

CHICAGO — Annual spending per consumer has increased to $10,471, up $440 versus a year ago, according to Circana, formerly IRI and The NPD Group. Leveraging consumer purchase data across the CPG, foodservice and general merchandise sectors, new Circana research provides the first-of-its-kind, comprehensive view into the complete wallet, offering 360-degree insights into spending patterns and the […]
2 min read
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  1. Media & Marketing

Beyond Sign-Ups: How Loyalty Amplifiers Help You Increase Sales and Point Burn

Interested in maximizing the impact of your company’s loyalty program? You’re not alone. Loyalty programs drive improvements in revenue, customer retention and other factors that are vital to your brand’s success. In the first installment of our three-part series, we focused on the initial stages of loyalty programs: acquisition and education/onboarding. But what happens after […]
3 min read
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  1. Department: Consumer Durables

The Weekly Closeout: Adidas left with $1.3B in Yeezy shoes, Dick’s Sporting Goods, NCAA partner for March Madness

The activewear brand ended its relationship with Ye last October with lots of inventory, while Dick’s is the exclusive partner for the championship season.
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  1. Stores & Formats

Dick’s Doubles Down on House of Sport Format, Planning 19 New Locations by 2024

Through a combination of converting existing stores and building at least 10 new stores next year, Dick’s Sporting Goods will add at least 19 House of Sport locations by 2024. The retailer also plans to exit its Field & Stream banner; after closing 12 of those stores in Q4 2022, which ended Jan. 28, 2023, […]
2 min read
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  1. Department: Consumer Durables

Dick’s Sporting Goods to Shutter Field & Stream Brand

Dick’s Sporting Goods is shifting focus away from its Field & Stream stores toward its House of Sport concept, a significantly larger — and more profitable — version of the familiar Dick’s Sporting Goods store. Dick’s opened its first Field & Stream in 2013, catering to outdoor enthusiasts and hunters. Navdeep Gupta, executive vice president […]
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  1. Department: Consumer Durables

Dick’s Sporting Goods finishes up the fourth quarter with strong performance

Dick’s Sporting Goods reported a better-than-expected gain of 5.3 percent in same-store sales for the fourth quarter. The chain’s net sales set a new quarterly high. Dick’s is looking for same-store sales this year that fall between flat to up two percent compared to 2022.
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  1. Department: Food

Grocerants at the Intersection of Growth and Success

  The consumer is dynamic not static.  At the intersection of consumer migration to new avenues of distribution, and the wiliness of chain restaurants to move with consumers fast enough, is year over year customer counts.  It’s at the intersection that Steven Johnson Grocerant Guru® at Tacoma, WA based Foodservice Solutions®, asks are you as […]
6 min read
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  1. Channel: Mass

Dick’s Sporting Goods to Acquire Moosejaw From Walmart

Dick’s Sporting Goods is buying the outdoor retailer Moosejaw from Walmart for an undisclosed amount of money, Dick’s announced Wednesday in a press release. Moosejaw was acquired by Walmart for a reported $51 million in 2017. It’s mostly an e-commerce platform, but operates brick-and-mortar locations in Arkansas, Colorado, Illinois, Kansas and Missouri. Moosejaw will join Dick’s […]
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  1. Channel: Mass

Dick’s Expands Reach into Outdoor Category with Acquisition of Moosejaw from Walmart

Dick’s Sporting Goods has agreed to acquire outdoor retailer Moosejaw from Walmart for an undisclosed amount. The deal is expected to close in March 2023. The acquisition expands Dick’s outdoor portfolio — currently led by Public Lands, which Dick’s launched in 2021 — and reaffirms the retailer’s “commitment to the long-term business opportunity in the growing multibillion-dollar […]
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  1. Shopper & Customer

5G in Retail: Creating the WOW factor

The Cambridge Dictionary defines the wow factor as a quality that makes someone feel great excitement or admiration. In retail, the wow factor refers to the business’ ability to amaze customers and convert them into store or brand admirers. A recent study from Wharton’s Baker Retailing Center and The Verde Group found that retailers can […]
4 min read
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  1. Shopper & Customer

How to Create Immersive Retail Experiences

Digital signage looks vastly different today from my early days working for a niche hardware manufacturer developing simplistic solutions for groceries and customer-facing retail applications. Digital signage then was quite simplistic. These solutions didn’t incorporate interactive touch — because most solutions ran solely on a USB stick with a media or DVD player. However, those […]
4 min read
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  1. Shopper & Customer

NRF says retail sales picked up in January

WASHINGTON – Retail sales bounced back strongly in January as inflation eased and income grew, the National Retail Federation said today. “Despite inflationary headwinds, January retail sales show the resiliency of consumers in how they manage their budgets and make decisions on how, when and where to spend their hard-earned dollars,” NRF President and CEO […]
2 min read
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  1. Corporate Finance

Tuesday Morning Files Chapter 11 for the 2nd Time in 3 Years

Off-price home good and décor retailer Tuesday Morning announced it’s filing for Chapter 11 bankruptcy protection. The company is “pursuing a financial and operational reorganization to enable it to reduce its outstanding liabilities, obtain significant and necessary capital, and ultimately transform into a nimbler retailer that serves heritage markets in a profitable manner,” according to a […]
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  1. Partnerships & Alt Profit

Dick’s Plans 200 Gear Trade-In Events for First Half of 2023

Dick’s Sporting Goods is expanding its partnership with online marketplace SidelineSwap, with plans to host a series of 200 sports gear trade-in events across 19 states in the first half of 2023. Dick’s first teamed up with SidelineSwap — a peer-to-peer platform where athletes can buy and sell used sporting goods — in 2022, and the […]
2 min read
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  1. Shopper & Customer

To Experience the Future of Retail, You’ll Want to Go to the Store

Over the past three years, most of us have done a lot more shopping online, so it’s easy to forget that while ecommerce is still growing, most retail commerce still happens in stores. In Q3 2022, ecommerce accounted for less than 15% of all retail sales. That means brick-and-mortar is still going strong, and not […]
4 min read
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  1. Trends & External Forces

Inflation is cooling, but prices on many items are going to stay high for months

Inflation may be cooling. But, for most Americans, the price of a cup of coffee or a bag of groceries hasn’t budged. In the months ahead, the big question is whether consumers will start to feel relief, too. Over the past few months, many of the key factors that fueled a four-decade high in inflation […]
6 min read
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  1. Retailer Media

Retail Media will add Fuel to the Fire for M&A in AdTech

If you think those “sponsored” products on Amazon are an innocuous little niche of advertising, think again. Those sponsored positions are what are now known as retail media, which has become the third-largest U.S. digital advertising channel after paid search and paid social campaigns. Even more impressive, eMarketer expects it to nearly double, from $31 […]
4 min read
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  1. Channel: Mass
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  3. Department: Consumer Durables
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  5. Media & Marketing
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  9. Merchandising
  10. Operations & Supply Chain

Target’s April 2024 Circle Sale was its largest by sales lift

Track General Merchandise spending free Access chart in Dash. Target’s April Circle Sale generated 7% more sales than the weekly average in the previous 4 weeks according to Earnest credit card data. This represents a 2 point acceleration in the Circle Sale’s contribution to Target’s topline compared to Target’s October sale. Target Circle is a […]
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  1. Department: Consumer Durables
  2. Media & Marketing
  3. Data & Insights
  4. Shopper & Customer
  5. Trends & External Forces
  6. Stores & Formats

TikTok Shop customers spend more at lower ticket apparel retailers

Download full TikTok Shop report Access TikTok and Panel data in Dash. TikTok Shop customers spent 26% of their apparel wallet on Off-Price Department Stores and 11% on Fast Fashion in the 12-months ended February 2024, compared to 24% and 7% for the average shopper. Conversely, TikTok Shop users spent less than their peers at […]
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  1. Trends & External Forces
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  3. Corporate Purpose
  4. ESG
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  8. Trends & External Forces
  9. Associates & Employees

Where Does One U.S. Tax Dollar Go?

See this visualization first on the Voronoi app. Where Does One U.S. Tax Dollar Go? This was originally posted on our Voronoi app. Download the app for free on Apple or Android and discover incredible data-driven charts from a variety of trusted sources. Come tax season, a common refrain is: “what do my taxes even […]
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