Dick's Sporting Goods

Pittsburgh, P.A. – Although weakening golf and hunting sales contributed to a small decline in net income at Dick’s Sporting Goods Inc. in the third quarter of fiscal 2014, the retailer still beat Wall Street profit expectations. Dick’s reported net income of $49.2 million, about a 2% drop from $50 million the same quarter a year earlier.
Net sales rose 9% to $1.53 billion from $1.4 billion, and same-store sales increased 1.1%. E-commerce penetration was 7.3% of total sales, compared to 6.5% in the third quarter of the previous year.

Lexington, Ky. --CBL & Associates Properties announced the opening of the expansion at Fayette Mall in Lexington, Ky. Designed to significantly enhance the offerings at the shopping center, the redevelopment of the former Sears location included expanding the mall entrance to create 115,000 sq. ft. of new retail space for a mix of fashion stores, home furnishings and fine dining options in the heart of the shopping center.

Beachwood, Ohio --DDR Corp. and an affiliate of Blackstone Real Estate Partners VII announced that a joint venture formed by the pair has closed on the acquisition of 71 shopping centers previously owned by American Realty Capital Properties for $1.93 billion.

GNC Holdings has appointed former Dick's Sporting Goods executive Jeffrey R. Hennion as EVP, chief marketing and e-commerce Officer, and former Office Depot executive Daisy Vanderlinde as chief human resource officer.

Additionally, Carl Seletz, GNC's SVP of international business development, will assume the additional responsibility of leading the company's domestic and international franchise operations.

Pittsburgh -- GNC Holdings named Jeffrey R. Hennion as executive VP, chief marketing and e-commerce officer. Hennion most recently served as president and CFO of mobile commerce provider Branding Build.

Prior to Branding Brand, Hennion led GNC's marketing and e-commerce efforts in 2011 and 2012.  He also spent 10 years with Dick's Sporting Goods in a number of senior leadership roles, including executive VP, chief marketing officer and head of e-commerce.

New York -- The hunt is on for a new president and COO at Dick's Sporting Goods. Dick’s disclosed in a regulatory filing that Joseph Schmidt is retiring as president and COO of the retailer, a role he has held since 2009, at year-end. In other changes, John Duken, executive VP of global merchandising since 2012, plans to retire, effective at the end of November.

Dick’s Sporting Goods has upgraded its mobile app to incude features such as access to the specialty retailer’s ScoreCard rewards program, a store locator and in-app purchase functionality.

Users will also receive personalized coupons and offers. Built-in barcode scanner functionality allows users to scan product and marketing QR codes in-store for information, including product description, news, price and user reviews. The app is integrated with Dick’s Sporting Goods’ social media channels.