Modern Retail的动态

? Foot Locker: Adopting a “less is more” approach, consolidating its business by: ? Moving headquarters to St. Petersburg, Fla., and exiting markets in South Korea, Denmark, Norway, and Sweden. ? Closing 400 underperforming stores, including 125 Champs locations, and discontinuing banners like Lady Foot Locker, Footaction, and Eastbay. ? JD Sports: Focusing on expansion with a “bigger is better” strategy, including: ? Adding 1,179 Hibbett stores to its portfolio, making major investments in the U.S. as part of its global growth plan. ? Establishing itself as Nike’s first global partner for the Nike Connected Membership program, which offers exclusive benefits to JD’s U.S. customers. ? Competitive Edge: Analysts highlight JD’s stronger position, noting: ? JD’s focus on a “sneaker-head” consumer and advancements in digital and omni-channel capabilities. ? Foot Locker’s loyalty program, FLX, has yet to integrate with Nike, while JD’s deeper collaboration with Nike intensifies competition in the U.S. market. https://lnkd.in/gmnJKGCC

NOSTALGIC RETAIL SERIES: 16 - SPORTS AUTHORITY Sports Authority opened its first store in late 1987 in Southern Florida. In 1990 Kmart (yes...Kmart) acquired the company and they converted their two Sports Giant stores to Sports Authority locations. In 1995, having grown to over 135 stores, Kmart spun off the sporting goods chain. In 2003, Gart Sports (which was built through a "mish-mash" of mergers consisting of Gart Brothers' Sportscastle, Hagan's Sports, Stevens Brown of Salt Lake City, Sportsmart and Oshman's) and Sports Authority merged and the combine retail portfolio took on the Sports Authority name in full by 2006. That same year, "good 'ol private equity" stepped in (Leonard Green & Partners) and purchased the retailer. As is the pattern of much of what private equity touches in the retail world, Sports Authority declared Chapter 11 bankruptcy in March of 2016. Despite attempts to avoid liquidation, including talks with Academy Sports + Outdoors and Dick's Sporting Goods, the bankruptcy filing was converted to Chapter 7 in mid-2016 and all locations closed. Today, if you type in the Sports Authority domain, it takes you to the Dick's Sporting Goods website. Missed any posts in the series? Click here for the website with the full list: https://bit.ly/3YxvVfR #nostalgicretail hashtag#retail hashtag#shopping hashtag#brands hashtag#retailrealestate Photo: By Kingofthedead - Own work, CC BY-SA 4.0, https://bit.ly/3UAgxNf

Dear LinkedIn community, Sharing the latest from Foot Locker: They reported a holiday-quarter loss, and the market response has been significant, with shares taking a 30% plunge. As we navigate the dynamic retail landscape, it's clear the sneaker giant is facing challenges. Despite ongoing efforts led by former Ulta boss Mary Dillon, the company has also adjusted its guidance for the current year and delayed a key profitability target. Change is inevitable, and Foot Locker is in the midst of a turnaround journey. Challenges may be tough, but the resilience of a brand often lies in its ability to adapt. Here's to hoping the steps taken lead to a stronger and more resilient future. Let's stay connected for more updates on industry shifts and strategies. Your insights are always welcome. #FootLocker #RetailIndustry #BusinessNews #TurnaroundJourney #Adaptability #TheSocialTalks

?? A Milestone for the Basketball and Retail World ?? The recent reopening of Foot Locker's flagship store on New York City's iconic 34th Street marks a significant step forward in the retail experience, particularly for basketball enthusiasts. The "Home Court" concept, developed in collaboration with Nike and Jordan, is a testament to what can be achieved when #innovation meets #passion. As someone deeply immersed in the worlds of sales, retail, and sports—especially basketball—this partnership excites me beyond measure. The synergy between Foot Locker, Nike, and Jordan exemplifies the power of a shared vision, one that enhances the customer journey and connects more deeply with the culture surrounding the sport. Foot Locker’s strategic move to revamp its stores, including the introduction of cutting-edge technologies like 3D scanning and interactive experiences, aligns with the evolving needs of today's consumers. This approach not only modernizes the in-store experience but also ties into broader economic theories, such as the importance of differentiation and customer engagement in retail. By offering a unique and immersive environment, Foot Locker is not just selling products—it's creating a community, fostering brand loyalty, and driving long-term customer value. This collaboration also resonates with the economic principle of #coopetition, where competing brands like Puma, New Balance, and Adidas are featured alongside Nike and Jordan, under the Foot Locker roof. This strategy not only broadens the product offering but also reinforces Foot Locker's position as a hub for sneaker culture, rather than a single-brand outlet. I’m particularly inspired by Foot Locker’s commitment to transforming two-thirds of its global store footprint, a bold move that reflects the company’s understanding of the importance of adaptability and responsiveness to market shifts. This is especially relevant as we see a growing trend towards omni-channel retailing, where seamless integration between physical and digital channels is key to staying competitive. As a passionate follower of the retail landscape and a lifelong basketball fan, I can’t wait to see how this partnership will continue to evolve. Kudos to Foot Locker, Nike, and Jordan for pushing the boundaries of what’s possible in retail and sports. ?? #RetailInnovation #BasketballCulture #SalesPassion #Nike #Jordan #FootLocker #Omnichannel #CustomerExperience #SneakerCulture #EconomicTheory

"I appreciate Academy Sports’ cautious approach to opening new stores – slow, steady and deliberate," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Investing more time and effort upfront in site selection and store configuration should improve the probability of success of any new location. Furthermore, their strategy of clustering new store openings to create critical mass in a new market also makes good sense. I would advise Academy Sports’ leadership to analyze store traffic volume and conversion rate performance of their best performing stores and consider these characteristics as they build-out new stores. The important thing to remember is that, opening stores is the easy part – getting the stores to deliver the outcomes required is a different matter. Even the very best store locations won’t be successful if the store team can’t execute effectively."

JD Sports, Foot Locker and Dick's reported 2Q trading in recent weeks. All reported to LSD/MSD LFL's (JD +2.4%, FL +2.6%, Dick's +4.5%) on softer comps than 1Q, maintained FY guidance and inventory seems reasonable. The US premium market seems strong with JD N America +5.7%, Foot Locker US +5.9% (offset by lower tier Champs and WSS) and early comments on Back To School seem cautiously optimistic. There wasn't much help on brands with JD joining Dick's by not commenting (much) on individual brands, and FL somehow implying that just about all partner brands were great or about to improve, especially Nike, where everyone seems very on-message about new ranges. The one notable trend seems to be everyone pushing into premium Lifestyle, which seems to be Dick's new avenue for growth, and a key part of FL's Lace Up plan. Some food for thought for JD Sport as it starts to integrate Hibbett.

Don't call it a comeback! Foot Locker is focused on moving on up... like George and Weezy! *** The sneaker retailer recently celebrated its 50th anniversary, a high point after being flagged for potential bankruptcy earlier this year. CEO Mary Dillon’s "Lace Up" strategy is showing positive results, with the company surpassing fiscal expectations and mending its relationship with key partner Nike. Foot Locker's new store designs, revamped loyalty programs, and move away from mall locations are part of the efforts to modernize and appeal to consumers. However, its future remains uncertain. Competitors like DICK'S Sporting Goods and JD Sports Fashion offer more diversified products, and Foot Locker still relies heavily on brands like Nike. As direct-to-consumer sales rise, some question whether Foot Locker can remain relevant. The company’s success hinges on strong execution of its turnaround, keeping brand partners engaged, and adapting to a shifting retail landscape. The full story here, in more depth, by CNBC's Gabrielle Fonrouge - https://lnkd.in/eV-5YuZy *** #Retail #FootLocker #Sneakers #Apparel #Upswing #Business #News

Foot Locker – a brand I enjoy following… It is a storied brand rooted in American culture, but my fascination in its simplest form is because Foot Locker has strong women at the helm with a diverse board. Mary 2023: Mary Dillon, CEO introduced the Lace Up Plan that including closing underperforming locations, enhancing brand partnerships, and the Store of the Future Ultimately, expanding sneaker culture and the sneaker community will help in deepening their relationships with their customers April 2024: Store of the Future was revealed in New Jersey with storytelling moments to encourage discovery, a Sneaker Hub with lacing customization, and other immersive experiences With approx. 2,500 across the world, the turnaround at Foot Locker is no easy feat - this journey can and has impacted a lot of people, but the light I see at the end of the tunnel… First quarter 2024 results were better than expected although still down to LY. Bright spots include +1.1% in comparable sales for Global Foot Locker and Kids Foot Locker. Women control 85% of purchasing power and Foot Locker isn’t sleeping on the momentum women’s sports and female athletes, in general are experiencing. The women’s division is where there is significant opportunity for growth being supported by new marketing campaigns and two events hosted at the WNBA All-Star Game last weekend. I love the way Chief Customer Officer Kim Waldmann breaks down the approach in this Modern Retail article: Product, Marketing, and Experience. All 3 need to come together to support the customer journey. Back-to-school looks fun… Cheering Foot Locker on from the sidelines!! #retail #sneakers #sneakerculture #turnaround #femaleathletes #femalesports #opportunity

"I appreciate Academy Sports’ cautious approach to opening new stores – slow, steady and deliberate," says Mark Ryski, Author, CEO & Founder of HeadCount Corporation. "Investing more time and effort upfront in site selection and store configuration should improve the probability of success of any new location. Furthermore, their strategy of clustering new store openings to create critical mass in a new market also makes good sense. I would advise Academy Sports’ leadership to analyze store traffic volume and conversion rate performance of their best performing stores and consider these characteristics as they build-out new stores. The important thing to remember is that, opening stores is the easy part – getting the stores to deliver the outcomes required is a different matter. Even the very best store locations won’t be successful if the store team can’t execute effectively." Check out more insights from one of the retail industry’s leading experts - https://buff.ly/3qRfPx2. More great comments on this topic by RetailWire's BrainTrust experts including: Neil Saunders, Ashish Chaturvedi, Brian Numainville, Lisa Goller, MBA, David Naumann, Robert Amster, and Mohammad Ahsen (Socially Ahsen).

NEWS WE’VE FOLLOWED THIS WEEK: The NCAA agreed to a revenue-sharing agreement with its athletes, in a landmark $2.8B settlement. The TJX Companies, Inc. CEO Ernie Herrman stated the company is "convinced" that significant market share opportunities remain across the U.S., Canada, Europe and Australia, with the potential to expand by 1,300+ stores. CHANEL announced plans to increase investment in its retail network and real estate by at least 50% this year. The fine & high jewelry timepieces, couture trade show setting the trends for the year is taking place in Vegas. M&A AND FINANCING NEWS Dobyns (fishing rods) was acquired by Good Sportsman Marketing (GSM) Outdoors, backed by Gridiron Capital. Supreme Cabinetry Brands (cabinet producer,?GHK Capital Partners LP ) was acquired by MasterBrand. Feat Clothing (DTC Athleisure) sold a majority stake to 2.0 Ventures. DS Laboratories (personal care) sold a majority stake to Megalabs. Bluberi (gaming) closed a $55M financing facility with Citizens Bank. 99 Cents Only (discount retailer) sold 11 stores to Ollies and 170 leases to 99 Cents Only Stores out of Chapter 11. Shoes For Crews (footwear) received court approval to sell to its first lien secured lenders. Indigo Books and Music going private by its founder and CEO.? Squared Circles, venture studio, raised $40 million led by L Catterton. PUBLIC COMPANY NEWS Golden Goose (sneaker brand) announced it will IPO in Milan while seeking to raise €100M+. The following public companies announced earnings this week: Abercrombie & Fitch, Chewy, Dick’s Sporting Goods. EVENTS This Wednesday, June 5th, Delivering Good, Inc. will host The Women of Impact Summit. DG’s annual signature fundraising event brings together a community of influential female leaders working to empower the next generation of women. BEFORE YOU GO The Ladies Professional Golf Association (LPGA) Womens Open ran from May 3 to June 2 at Lancaster Country Club in Pennsylvania. It’s playoff season - the National Basketball Association (NBA) Finals will begin June 6 with the National Hockey League (NHL) Stanley Cup Final scheduled to begin June 8. Bruhat Soma?won the Scripps?National Spelling Bee last night, spelling 29 words correctly during the lightening round.