Retail Briefs
o Tim Finn has been named president of Venator's U.S. Foot Locker chain, succeeding Jay Friedman who has resigned. Finn was previously head of Foot Locker International.
o Internet retailer Sportsite.com has changed its name to Fogdog Sports (www.fogdog.com), and has purchased competitor Sportscape.com.
o The Sports Authority reported Q3 sales of $367 million (+7.6%) with a comp-store decrease of 4.7%. Y-T-D, the chain has lost $64.8 million, or $2.04 per share, on sales of $1.1 billion. Promotional pressure figured heavily into the comp-store loss, said CEO Marty Hanaka.
o Just For Feet's Q3 net sales were up 72.5% to $226 million with a comp-store increase of 3.1%. Profits for the quarter increased 86.8% to a record $10 million.
o Retail sales tracker TeleCheck reported a 4.4% sales increase for the Friday after Thanksgiving, and a 3.0% increase for the weekend, meeting retailer expectations. The Midwest led the nation on "Black Friday" with a sales jump of 6.7%, while the Southeast led for the weekend with a 4.6% jump.
o Q3 net sales at Hibbett Sporting Goods rose 29.5% to $36 million, with a comp sales increase of 3.4%...JumboSports has retained Jefferies & Co. to assist in "evaluating strategic alternatives for a restructuring of its bond indebtedness." (Financial)
o Internet retailer Sportsite.com has changed its name to Fogdog Sports (www.fogdog.com), and has purchased competitor Sportscape.com.
o The Sports Authority reported Q3 sales of $367 million (+7.6%) with a comp-store decrease of 4.7%. Y-T-D, the chain has lost $64.8 million, or $2.04 per share, on sales of $1.1 billion. Promotional pressure figured heavily into the comp-store loss, said CEO Marty Hanaka.
o Just For Feet's Q3 net sales were up 72.5% to $226 million with a comp-store increase of 3.1%. Profits for the quarter increased 86.8% to a record $10 million.
o Retail sales tracker TeleCheck reported a 4.4% sales increase for the Friday after Thanksgiving, and a 3.0% increase for the weekend, meeting retailer expectations. The Midwest led the nation on "Black Friday" with a sales jump of 6.7%, while the Southeast led for the weekend with a 4.6% jump.
o Q3 net sales at Hibbett Sporting Goods rose 29.5% to $36 million, with a comp sales increase of 3.4%...JumboSports has retained Jefferies & Co. to assist in "evaluating strategic alternatives for a restructuring of its bond indebtedness." (Financial)
In addition, make sure to read these articles:
- Retail Briefs
- Retail Briefs
- E-Commerce Adds Value To Traditional Channels
- Hibbett Sporting Goods Reports Third Quarter...
- Hibbett Sporting Goods Names Newsome Chairman
- Hibbett Sporting Goods Reports Fiscal 1999 Results;...
- Hibbett Sporting Goods Announces Record Sales...
- Hibbett Sporting Goods Reports Record Second...
- Hibbett Sporting Goods to Broadcast First...
- Hibbett Sporting Goods to Broadcast Second...
- Hibbett Sporting Goods to Broadcast Second...
- HIBBETT SPORTING GOODS FILES REGISTRATION...
- Hibbett Sporting Goods to Broadcast Third...
- Hibbett Sporting Goods to Broadcast First...
- HIBBETT SPORTING GOODS COMPLETES OFFERING OF...
In addition, make sure to read these articles:
- Retail Briefs
- Retail Briefs
- E-Commerce Adds Value To Traditional Channels
- Hibbett Sporting Goods Reports Third Quarter Results;Net Income Increased 22%; Net Sales...
- Hibbett Sporting Goods Names Newsome Chairman
- Hibbett Sporting Goods Reports Fiscal 1999 Results;Net Sales Increased 26.2%; Exceeds...
- Hibbett Sporting Goods Announces Record Sales forFourth Quarter and Year to Date Periods.
- Hibbett Sporting Goods Reports Record Second QuarterResults; Net Income Increased 21% Net...
- Hibbett Sporting Goods to Broadcast First Quarter Conference Call Live on the Internet.
- Hibbett Sporting Goods to Broadcast Second Quarter Conference Call Live On the Internet.
- Hibbett Sporting Goods to Broadcast Second Quarter Conference Call Live On the Internet.
- HIBBETT SPORTING GOODS FILES REGISTRATION STATEMENTFOR OFFERING OF COMMON STOCK.
- Hibbett Sporting Goods to Broadcast Third Quarter Conference Call Live on the Internet.
- Hibbett Sporting Goods to Broadcast First Quarter Conference Call Live On the Internet.
- HIBBETT SPORTING GOODS COMPLETES OFFERING OF COMMONSTOCK.
ï After just seven months on the job, Bill Cappiello is out as The Sports Authorityís chief merchandising officer. His departure, which came after a ......
o A group of investors led by Marc Gunderson acquired a majority interest in Nevada Bob's Holding, the parent of Nevada Bob's Pro Shops, after ......
In every industy, retailers and manufacturers are struggling with channel conflict caused by e-tailers.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Nov. 18, 1999-- Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB), a rapidly growing, full-line sporting goods retailer, today announced results for the third fiscal quarter ......
Mickey Newsome, president and ceo, will serve as chairman of the board.
BIRMINGHAM, Ala.--(BUSINESS WIRE)--March 18, 1999--Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB), a rapidly growing, full-line sporting goods retailer, today announced results for the fourth fiscal quarter and ......
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Feb. 12, 1998-- -- Fourth Quarter Comparable Store Sales Increase 4.0% -- Fiscal 1998 Comparable Store Sales Increase 6.4% Hibbett Sporting Goods, Inc.(Nasdaq/NM:HIBB), ......
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Aug. 19, 1999-- Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB), a rapidly growing, full-line sporting goods retailer, today announced results for the second fiscal quarter ......
Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 16, 2003 Hibbett Sporting Goods, Inc. (NASDAQ/NM:HIBB) today announced it will provide an online Web simulcast and rebroadcast of its ......
Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Aug. 13, 2003 Hibbett Sporting Goods, Inc. (NASDAQ/NM:HIBB) today announced it will provide an online Web simulcast and rebroadcast of its ......
Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Aug. 16, 2002 Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB) today announced it will provide an online Web simulcast and rebroadcast of its ......
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 1, 1997--Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB), a rapidly growing, full-line sporting goods retailer, today announced the filing of a registration statement with ......
Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--Nov. 14, 2003 Hibbett Sporting Goods, Inc. (NASDAQ/NM:HIBB) today announced it will provide an online Web simulcast and rebroadcast of its ......
Business Editors BIRMINGHAM, Ala.--(BUSINESS WIRE)--May 17, 2002 Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB) today announced it will provide an online Web simulcast and rebroadcast of its ......
BIRMINGHAM, Ala.--(BUSINESS WIRE)--Oct. 23, 1997--Hibbett Sporting Goods, Inc. (Nasdaq/NM:HIBB), a rapidly growing, full-line sporting goods retailer, today announced the pricing of a public offering of ......
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