Retail

Dick’s Sporting Goods, other retailers crack code of driving up profits

0


Dick’s Sporting Goods CEO Lauren Hobart said Wednesday that the company is not only selling more golf clubs and activewear — it has found a formula for driving up profits, even as shoppers buy more online.

Hobart’s comments tapped a theme that has come up frequently in recent retail earnings calls: Widening margins.

Consumers have been on a spending spree. That has helped. But another gamechanger is that retailers have learned to make e-commerce more profitable, from shipping online orders from stores to steering shoppers toward curbside pickup.

“In a way it’s simple: It’s ship from store,” said Michael Baker, a senior retail analyst for D.A. Davidson. “And if the customer is coming to…



Source cnbc.com

0 0 votes
Article Rating

Salesforce (CRM) earnings Q2 2022

Previous article

Extreme weather pushing consumers to solar and residential storage

Next article

You may also like

Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments

More in Retail