Retail TouchPoints

MARCH 29, 2021

Nike has reportedly closed its accounts with DSW , Urban Outfitters , Shoe Show , Dunham’s Sports , Olympia Sports and Big 5 Sporting Goods as the retailer pulls out of specialty retailers and department stores, according to Forbes and other media outlets.

Sporting Goods 321

Sporting Goods Wholesale Specialty Retailers Accounting 321

Retail TouchPoints

MARCH 23, 2022

The brand’s overall digital sales also increased 19% globally, while wholesale revenues were down by 1%. A big piece of Nike’s direct offensive has been a shift away from wholesale and toward DTC. Wholesale Will Still Play a ‘Very Important Role’. Revenues were up 5% YoY in the company’s fiscal Q3, which ended Feb.

Planning 289

Planning Wholesale Sporting Goods Accounting 289

Retail TouchPoints

MARCH 11, 2021

Nonetheless, Adidas is optimistic, citing the recovery seen in Q4 2020, its strong market position and attractive growth prospects for the sporting goods industry as a whole. The move is in line with similar shifts made by competitor Nike, which is ditching wholesale accounts and beefing up its digital and DTC business as well.

Planning 232

Planning Wholesale Sporting Goods Accounting 232

Retail TouchPoints

AUGUST 30, 2021

I’m not an accountant, but stores are on the asset side of the balance sheet for a reason, and they need to be leveraged as much as possible to squeeze as much out of them as you can.”.

Consumer 328

Consumer Fulfillment Department Stores Sporting Goods 328

Inside Retail

JUNE 30, 2024

Sales from its own platforms (Nike Digital and Nike-owned stores) were down 8 per cent, but wholesale revenues rose by 5 per cent (8 per cent currency neutral) and accounted for 56 per cent of the total. Sporting goods were a standout though, rising by more than 20 per cent in May and 15.2 per cent, including 3.7

Marketing 246

Marketing Telecommunications Sporting Goods Promotions 246

Retail TouchPoints

FEBRUARY 26, 2021

In line with its recent “Consumer Direct Acceleration strategy,” the brand terminated nine wholesale accounts including DICK’S Sporting Goods, Hibbett Sports and Shoe Carnival.

Wholesale 211

Wholesale Sporting Goods Consumer Returns 211

Inside Retail

JANUARY 1, 2025

Costco Wholesale, the worlds third-largest retailer by sales after Walmart and Amazon, produced another honest quarter ending November 24, the companys first fiscal quarter of 2025. Gold and jewelry topped the list of best-selling items, followed by hardware, gift cards, home furnishings, health and beauty, and sporting goods.

Home Furnishings 130

Home Furnishings Beauty and Health Sporting Goods Jewelry 130