article thumbnail

Dick’s Sporting Goods Is Buying Foot Locker for $2.4B

Retail Wire

Dicks Sporting Goods may soon own Foot Locker. Dicks will reportedly use both cash and new debt to finance the deal. Combined with Foot Locker, Dicks Sporting Goods will substantially increase its store presence. Dicks and the struggling sneaker retailer have agreed to a $2.4 billion merger proposal.

article thumbnail

Dick’s Sporting Goods promotes CFO from within

Retail Wire

Dick’s Sporting Goods 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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

DICK’S Promotes New CEO as Retailer Reports Strong Q3 Results

Retail TouchPoints

DICK’S Sporting Goods 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.

article thumbnail

Founder of Ida Sports on what it takes to create a shoe fit for female athletes

Inside Retail

And then relatively early on, we got the Dicks’s Sporting Goods contract, so then we started fulfilling that and then grew, especially fast in the US. IR : 
How did the Dick’s Sporting Goods contract come about? Financing is the hardest part.
We’ve We had a tiny pop-up in RMIT. That whole end-to-end chain is crazy.

article thumbnail

Adobe Predicts 8.4% Growth in Online Holiday Sales, Driven by Discounting

Retail TouchPoints

Following the same trend, usage of buy now, pay later (BNPL) financing solutions also are expected to reach record levels this holiday season. This effect is expected to be particularly strong in the sporting goods, electronics and appliance categories. 1 to Sept.

article thumbnail

Why Online Marketplaces are Outpacing Ecommerce in a Post-COVID World

Retail TouchPoints

They pursued high-demand products with unforeseen urgency — first in critical categories like personal protective equipment, groceries and sporting goods, and followed more recently by apparel and beauty products. The needs of shoppers swung wildly in 2020 and continued to evolve through 2021.

article thumbnail

More People Than Ever Are Exploring the Outdoors. Here’s the Opportunity for Brands and Retailers

Retail TouchPoints

This has created significant opportunity for outdoor and sporting goods brands alike. . “I Maybe you share your backends, finance and some sourcing, and maybe there’s some crossover R&D you can share across different brands, but by and large these brands live on their own,” said Sundby.

Outdoor 264