In The News

In The News: Dick’s, Puma, Hibbett and More


Dick’s Sporting Goods footwear sales accounted for 21 percent of its FY19 revenues, or an implied $1,837.6 million, according to the company’s annual report. The total represents an 8.9 percent increase from the retailer’s $1,687.3 million in FY18 sales. Other notes: e-commerce accounted for 16 percent of DKS’ FY19 revenues, or an implied $1.4 billion, and private brands represented 14 percent of annual revenues, or an implied $1,225.1 million, up $44 million or 3.73 percent from the prior year. On Feb. 1, Dick’s employed 15,300 full-time and had 26,300 part-time associates.

Puma abandons its FY20 guidance issued on Feb. 20 and shortens work hours for 1,400 associates through April 13 as the German company continues to deal with the effects of COVID-19. Additionally, senior executives Bjørn Gulden (CEO), Michael Laemmermann (CFO) and Anne-Laure Descours (chief sourcing officer) will not take their respective monthly salaries in April.

Sanctuary Clothing has forged a partnership with Sole4Souls that offers all customers a 20 percent purchase donation through April 1 when they make a donation of any lightly-used footwear to the nonprofit.

Hibbett Sports promotes Benjamin Knighten to SVP of Operations. He had been the COO of City Gear, the retail chain’s wholly-owned subsidiary, since Nov. 2018. He replaces Cathy E. Pryor, who leaves the Birmingham, AL company on April 1 after 32 years. Meanwhile, President and CEO Mike Longo tells analysts that “a majority” of Hibbett and City Gear stores remained open as of March 20. Approximately 100 locations total were shuttered after Simon Malls decided to close down all of its properties. The retailer’s fourth quarter footwear sales rose “low double digits” on a comp basis.

Denver-based EVA footwear brand Joybees is donating $3 per pair of shoes sold to the Food Bank of the Rockies through the end of March.