Dick's Sporting Goods

Dick’s Sporting Goods’ acquisition of Foot Locker will have impacts on the rest of the industry, from brands such as Nike and Adidas to rival retailers like JD Sports.

Dick’s Sporting Goods’ surprise purchase of Foot Locker sets it up to be a major new player in the global sneaker market — if it can execute on its vision.

Retailers are ramping up Black Friday strategies with interactive experiences and high-tech products, while also stocking up on popular basics to cater to cautious shoppers facing higher prices and a shorter holiday season.

The sports and fitness retailer, which saw sales soar since the start of the pandemic, is one of Nike’s most important retailers in its direct-to-consumer focused era.

The key retail metric of same-store sales surged 21 percent — more than double the estimate of analysts compiled by Consensus Metrix.

This week Gianfranco Gianangeli was named chief executive of Maison Margiela, while Hermès veteran Bali Barret announced her departure after 17 years at the company.

For decades, corporate neutrality was the norm, but with a presidential election looming in the US, 2020 is set to be different. If they take the right approach, businesses can turn the next 11 months into an authentic branding opportunity, argues Hildy Kuryk.

The athletic and outdoor retailer expects full-year earnings of $3.30 to $3.45 a share, higher than its previous projection and analyst expectations.

Following the decision to sharply scale back the sale of guns, the sportswear retailer's strong results have signalled its ability to compensate.

The company cites its decision to stop certain gun sales as a main reason for losing ground in the fiscal fourth quarter.