Hibbett Sports was once moving towards Sports Authority territory, until they launched their eCommerce platform. Since that time the retailer has become what I label as Nike’s GPS partner. Insider Ties: Footlocker Has a GPS Foot Locker once held the position as Nike’s favorite distribution outlet, but Hibbett Sports has taken over and the continued…
Source: Gift Guide | shop online at BIRKENSTOCK On several occasions I’ve walked into various retail locations and found Birks marked down. It’s a trend that struck me as disturbing. I initially thought of it as a flawed wholesale strategy rooted in buying into a brand’s own hype. The more I dug into Birks and…
Questions for this session: Will Sneaker Retail Begin to Elevate Other Brands since Nike is pulling back inventory? Will Foot Locker become a hot stock again? This is for entertainment purposes solely and answers to questions posed by a variety of people. Video Breakdown: 0:00 Intro 1:48 Retailers and Other Brands 3:38 Unwritten and Unspoken…
Mary N. Dillon, former Executive Chair and CEO of Ulta Beauty, Inc., has been appointed President and Chief Executive Officer and a member of the Foot Locker Board, effective September 1, 2022. Dillon has over 35 years of experience leading consumer-driven businesses in a diverse range of industries, from consumer-packaged goods to restaurants to telecom…
The picture above is of a different location than the picture below in this article. At least 6 stores in this region have been burglarized in the last six months. As Nike has increased pressure on wholesale accounts with their Consumer Direct Acceleration, certain stores are being considered valuable partners. Hibbett Sports is one of…
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…
Sam Poser of Williams Trading shared information on the recent purchase of 5% of the shares of Hibbett Sports. [J]ust yesterday a 13-D filing showed that James Khezrie, the owner of Jimmy Jazz (Private), a strong competitor of both Hibbett and City Gear, owned over 5% of HIBB stock (800,000+ shares). Jimmy Jazz has ~170…
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…
It’s Saturday morning September 2nd and I’m browsing the web for stories on the sneaker industry. I’m also driving Lyft so my time is fractured. When a client pops up on the app, I jump in the car and go pick them up. What tends to happen is I find some great source information to…
With its distinctive patent leather rand encircling the upper and a lightweight, supportive midsole, the Boys’ Air Jordan 11 Retro Low (GS) Shoe offers iconic style and plush comfort in a classic hoops look. – Hibbett Sports Source: Jordan Retro 11 Low “Barons” Grade School Boys’ Shoe – Hibbett US I’m loving this new Hibbett…
SiteGenesis – Hibbett Sports Source: Hibbett US When I wrote the article below and connected it to older posts I thought that Hibbett Sports would be fading away. No One Paid Attention to Hibbett Sports, Inc. 14% Plunge While Foot Locker Was Flying Since I wrote this I’ve been visiting stores and I’ve noticed that…
Preliminary earnings weren’t as good as hoped and may be a bad sign for sporting goods retailers going forward. Source: Why Shares of Hibbett Sports, Inc. Plunged 14% Today The source link gives a short overview of what happened to send $HIBB tumbling. Of course the scenario is the anti Foot Locker story. Last year…
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…
Hibbett Sports fell 10% after posting poor earnings results.The share price correction was not overdone–results were poor with no reason to believe they will improve.I would rather buy Finish Line or Source: Don’t Buy The Hibbett Sports Pullback – Hibbett Sports, Inc. (NASDAQ:HIBB) | Seeking Alpha Hibbett Sports has always been a southern sports chain….
