STORE OBSERVATIONS: 1. Hibbett Sports and City Gear both are merchandising with duplicate models on the wall. Every retailer is doing this. The Jordan wall might as well be taken down. Even with duplicates, there are about six pair total in that section. Stores are relying heavily on apparel. Jordan Brand is in limited supply…
STORE OBSERVATIONS: 1. Hibbett Sports and City Gear have serious inventory issues. One City Gear store’s Jordan Brand wall was one of the worst things I’ve ever seen for a chain with an account in good standing with Nike. It’s not just one store either. Almost every store has a shortage of Nike inventory. This…
Discover Susquehanna, a global quantitative trading firm built on a rigorous, analytical foundation in financial markets. Source: SIG | Susquehanna International Group, LLP The link above is to the Susquehanna website, but not the report. As a subscriber to their sportswear analysis service I receive reports on the various footwear companies on the stock market….
It’s rare when the CEO of the acquired company takes over as the CEO of the company that did the acquisition. In a traditional acquisition a company is either performing poorly and is on the verge of collapsing or the company is in an upward trajection and capable of disrupting competitors. City Gear was performing…
The Kyrie 6 officially launched on 11/22/2019. The shoe was discussed on blogs and sneaker sites as a modernized version of the Air Yeezy 2. The feedback was solid and interaction on social media showed a lot of promise. Launch Day has arrived and after 3 days (a short release window) for the basic Black/White…
City Gear, a retailer of premium athletic footwear, apparel and accessories. Source: City Gear to lay off 51 in Shelby County – The Daily Memphian In a report by Elle Perry of the Daily Memphian news outlet: City Gear LLC plans a permanent layoff of 51 workers in Shelby County, effective Feb. 2. The Memphis-based…
Hibbett Sports is a leading athletic-inspired fashion retailer with more than 1,000 stores. Shop the best in sneakers, shoes, fan gear & more! – Hibbett | City Gear When this merger was taking place I thought it was going to speed up the demise of Hibbett Sports. I even wrote that issues within City Gear…
I visit Hibbett Sports locations throughout the region, not as a consultant, but as a customer. I know many of the managers and the one consistent thing about Hibbett Sports is that basically many of the employees and managers that have gone through the system have either moved into higher positions or better stores. The…
The biggest information from this week in the sneaker biz was Hibbett Sports move to acquire City Gear. I transcribed the conference call and wrote my own notes about this. https://arch-usa.com/hibbett-sports-t… In the discussion section on the Hibbett x City Gear acquisiton section I said that I wouldn’t buy $HIBB because they launched an e-commerce…
The Investor Relations website contains information about Hibbett Sports, Inc.’s business for stockholders, potential investors, and financial analysts. Source: Hibbett Sports to Acquire City Gear | Hibbett Sports, Inc. Conference Call: https://edge.media-server.com/m6/p/go8oedte The pending acquisition of Memphis based City Gear by Hibbett Sports was based on a mapping system Hibbett Sports is utilizing called Sports…
December 20th Nike held it’s Fiscal Year 1Q 2017 conference call and report and as I’ve been discussing for a few years when I began seeing the disappearance of mom and pop accounts, they pushed off the worst year on the stock market they’ve ever had by leaning heavily on their path to DTC. Their conference…
Originally recorded by Tayib Salami of Housakicks during a Google Hangout Youtube: https://www.youtube.com/channel/UCZPK… Tayib has been working on the idea for a series of interviews about the sneaker industry. I helped Tayib develop his website: http://www.housakicks.com after he had paid several developers and gotten no where. He knew I had been involved in sneakers for…
