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Footwear keeps Hibbett Sports earnings on track
Hibbett Sports says strong expense control and footwear sales helped the retailer increase earnings in the third quarter.
The Alabama-based sporting goods retailer reported that for the third quarter ended Oct. 31, profit was $18.7 million, or 79 cents a share, up from $16.9 million, or 67 cents, a year earlier. Revenue increased 4.6% to $228.3 million. Same-store sales increased .6%.
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Google mobilizes shopping experience
Just in time for the holidays, Google is revamping its Google Shopping online marketplace to make it more mobile-friendly.
In a blog post, Google explains that mobile shopping-related searches now exceed desktop-based shopping-related searches, meaning online shopping has shifted from a “marathon” to “moments.” To help better capture mobile consumers at the moment they are looking to buy a product, Google is now displaying the most commonly searched categories in response to broad search terms.