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Hibbett & City Gear

  • Planalytics issues initial estimate on lost retail sales due to Hurricane Harvey

    Hurricane Harvey, the first Category 4 Hurricane to make U.S. landfall since Charley in 2004, is poised to have the same, if not larger, economic impact.  
  • Athletic specialty retailer preps for disappointing Q2

    Despite what is shaping up to be a rough second quarter, Hibbett Sports is making a move to streamline its operations.    Days before its second quarter ends on July 29, Hibbett Sports is blaming very challenging sales trends for an approximate 10% decrease in comparable store sales. The decline in sales, along with significant pressure on gross margin is expected to result in a loss of $0.19 to $0.22 per diluted share for the second quarter. The company will release its earnings on Aug. 18.  
  • Athletic specialty retailer posts mixed Q4 results

    Hibbett Sports posted fourth-quarter sales that missed predictions, even as earnings were in line with forecasts.   Net sales for the 13-week period ended Jan. 28, increased 0.5% to $246.9 million compared with $245.7 million in the year-ago period.   Same-store decreased 2.2%. Apparel and equipment both experienced declines in comparable store sales, while footwear continued to show stronger sales with a mid-single digit increase.  
  • Developer extends its Walmart shadow

    Schostak Brothers has added six multi-tenant properties to its “Shadow Walmart” portfolio of retail space adjoining supercenters, bringing it to a total of 67. The new additions are located in Louisiana, Mississippi, and Texas.   “In the last decade, we have pursued an aggressive growth strategy in order to assemble one of the largest Walmart Supercenter shadow-anchored shopping center portfolios in the United States,” said Schostak COO Warren Strietzel.  
  • Ground is broken at Kentucky value center

    Construction is underway at a planned 185,000-sq.-ft. center that will bring a top-level roster of value retailers to the western Kentucky town of Hopkinsville. Thompson Thrift is the developer.   Hopkinsville Town Center, located just north of Clarksville on the Tennessee border, will count Hobby Lobby, TJ Maxx, Ross Dress for Less, Ulta, Burke’s Outlet, Hibbett Sporting Goods, and Rack Room Shoes among its tenants when it opens in late 2017 or early 2018.  
  • Hibbett Sports tops Q2 profit forecasts

    Hibbett Sports reported fiscal second-quarter net income of $6.5 million, beating Wall Street expectations.   The sporting goods retailer posted revenue of $206.9 million in the period, a 3.9% increase but falling short of Street forecasts. Analysts expected $210.1 million.   Same-store sales inched up 0.8%.  
  • Mixed bag for Hibbett Sports

    Hibbett Sports beat the Street on profit in the first quarter, but missed on sales.   The retailer on Friday reported better-than-expected first-quarter earnings of $27.9 million, compared with $27.4 million in the year-ago period. Revenue for the quarter ended April 30 totaled $282.1 million, up from $269.8 million last year.   Comparable store sales increased 1.1%.  
  • Hibbett Sports strikes out in Q4

    Weather related closures and tax refund delays hit Hibbett Sports hard in the fourth quarter, as the retailer posted a drop in same store sales.

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