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Published July 11, 2025 By Howard Ruben post share post print email license Rack Room Shoes announced the promotions of Chief Merchandise Officer Brian Burnett and Chief Digital Officer Molly Hartney. It could be an attempt to broaden revenue streams, plot the location of a future store or, at its simplest, take advantage of a good deal.
An exclusive Champion collection for Target will launch in August, featuring activewear and sportinggoods mostly under $40. Target also touted upcoming expansions to its product assortment to cater to back-to-school shoppers. Company Announcements View all | Post a press release Former eBags Board Members Fund Iterate.ai
Nike has a similar deal with JD Sports and Dick’s SportingGoods, among others. Meanwhile in the athletics sector, Dick’s SportingGoods announced in May that it would acquire Foot Locker in a $2.4 billion deal. Foot Locker will act as a stand-alone business and maintain its brands, including Kids Foot Locker.
Dick’s SportingGoods has named Navdeep Gupta as its chief financial officer, replacing Lee Belitsky, who is remaining with the company to oversee its supply chain and other functions. Mr. Gupta joined Dick’s in 2017 as senior vice president of finance and chief accounting officer.
DICK’S SportingGoods has promoted President Lauren Hobart to the roles of President and CEO, as of Feb. Hobart brings more than 25 years of finance, consumer and retail experience to the role. Current Chairman and CEO Edward Stack will assume the role of Executive Chairman and continue as Chief Merchant.
As Retail TouchPoints has reported , discounting is expected to drive both the timing and amount of holiday spend this year, as inflation-weary consumers time their purchasing to promotional periods. Following the same trend, usage of buy now, pay later (BNPL) financing solutions also are expected to reach record levels this holiday season.
They pursued high-demand products with unforeseen urgency — first in critical categories like personal protective equipment, groceries and sportinggoods, and followed more recently by apparel and beauty products. The needs of shoppers swung wildly in 2020 and continued to evolve through 2021.
In the past month alone, Walmart, Target, Best Buy and DICK’S SportingGoods all have announced that they will not be opening their doors on Thanksgiving in an effort to limit the spread of COVID-19. Aside from word of mouth or utilizing a promotional code, it was hard to tell if an in-store visitor had previously seen an ad or not.
In line with its recent “Consumer Direct Acceleration strategy,” the brand terminated nine wholesale accounts including DICK’S SportingGoods, Hibbett Sports and Shoe Carnival. The athletic apparel company has made significant changes in its sales funnel in the last year. Yes, both brands saw an increase in online sales.
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