Athletes can shop hundreds of deals from top brands July 7–10, online and via the DICK'S mobile appPITTSBURGH, July 2, 2025 /PRNewswire/ -- DICK'S Sporting Goods (NYSE: DKS) today announced DICK'S Deal Days, a four-day savings event running Monday, July 7 through Thursday, July 10. Timed to peak summer activity, travel and youth sports season, DICK'S Deal Days is the brand's biggest sale of the summer, with new deals dropping daily.Whether shopping online at DICKS.com or through the DICK'S mobile app, athle ...

每日晨报 2025年6月16日 银河观点集萃 责任编辑 周颖 ☎：010-80927635 网:zhouying_yj@chinastock.com.cn 分析师登记编码：S0130511090001 要闻 从日本经验看,如果经济一旦陷入通缩陷阱,会极大压制居民和企业的消费和投资意愿,并 导致货币和财政政策的传导机制有效性下降,政策效果由此也会大打折扣。去年以来,决策层反 复强调当前面临的困难之一是国内有效需求不足,明确提出要全面提振内需。针对由于需求不足 导致的物价低迷问题,今年两会工作报告中把 CPI 的目标值从 3%下调至 2%,这意味着 CPI 目 标已经从约束性目标变为成果性目标,从之前防止 CPI 突破 3%,变为推动物价水平回归 2%的 正常水平。对此,央行在一季度货币政策报告中也明确表示"把促进物价合理回升作为把握货币 政策的重要考量，推动物价保持在合理水平"。 前五个月社融资增量累计为 18.63 万亿元 www.chinastock.com.cn 证券研究报告 请务必阅读正文最后的中国银河证券股份有限公司免责声明 宏观:"新"供给侧改革的"加减乘除"。未来十年,国内经济在 AI 驱动下, ...

Core Insights - Strength training is experiencing a resurgence in popularity, becoming a mainstream fitness trend rather than a niche activity [1][4][21] - The shift in fitness culture is evident as more individuals, including women, are engaging in strength training, with a notable increase in participation and acceptance [5][16][21] Industry Trends - Social media platforms are driving the popularity of strength training, with significant growth in related content, such as "female strength training" notes on Xiaohongshu increasing by over 150% in a year [1] - Fitness facilities are adapting to this trend, with more training studios opening and traditional gyms incorporating strength training equipment into their offerings [1][5] Brand Strategies - Major brands like lululemon, adidas, and Nike are expanding their product lines to include strength training apparel and equipment, indicating a shift towards making strength training a part of everyday life [4][10][19] - The introduction of specialized training programs and equipment, such as Nike's "Strength Training Studio" and adidas's redesigned footwear, reflects the growing emphasis on strength training as a key market segment [10][19] Consumer Behavior - The perception of strength training is evolving, with more individuals recognizing its benefits for overall health, emotional stability, and body control, moving beyond traditional views of it being solely for bodybuilders [14][16][21] - Home fitness is also adapting, with consumers increasingly investing in strength training equipment for personal use, such as dumbbells and kettlebells, as part of their home workout routines [7][8] Market Opportunities - The rise of strength training presents new opportunities for the fitness industry, with a focus on light strength training becoming a standard practice, particularly for beginners and women [22][26] - The global fitness trend rankings indicate that traditional strength training remains a core component, highlighting its sustained relevance in the market [22]

Core Insights - Academy Sports + Outdoors is committed to expanding its presence by opening 20-25 new stores in fiscal 2025, having recently opened two new locations and planning another in Morgantown, W.Va [1][4] - The company has surpassed 300 total stores as of Q1 2025, reinforcing its mission to provide quality sporting goods and outdoor gear to families across the United States [1][10] Expansion Plans - In 2023, Academy opened 14 new stores across six states, followed by 16 new stores in 2024 across ten states, including its first locations in Ohio [4] - As of 2025, Academy has opened 7 new stores in six states, marking its first entries in Pennsylvania and Maryland [4] Community Engagement - Academy celebrated new store openings by hosting donation shopping sprees with local non-profits, enhancing community involvement and support [3][4] - The company's donations have positively impacted local communities by providing essential equipment and promoting youth participation in sports [4] Product Offering - Each Academy store offers a wide range of products including apparel, footwear, sports equipment, and outdoor gear from top national brands at competitive prices [2][5] - Academy also features exclusive private label brands that provide quality outdoor apparel and equipment [6] Customer Experience - The company provides free services such as grill and bike assembly, and offers a rewards program, myAcademy, which includes various customer benefits [8][9]

Adidas shoes in store window. Adidas AG is a German sports apparel manufacturer and parent company ... More of the Adidas Group.getty Adidas is once again in the cybersecurity spotlight. This time the breach came through a side door. Attackers infiltrated a third-party customer service provider and accessed the contact information of Adidas customers, as reported by Bleeping Computer. This incident highlights a growing trend: hackers are increasingly targeting vendors to bypass the more robust defenses of g ...

海澜之家少帅周立宸，立下军令状。 5月26日，他在业绩会公开表态，计划拓展服装零售业态，向"世界一流"的目标靠近。 自2020年接管家业以来，他一直在琢磨渠道和新门路。 过去一年，周立宸先联手京东，打造城市奥莱，成为奢侈品牌的渠道商；后控股斯搏兹，做起阿迪达斯的代理商。巧的是，两者均涉及折扣生意。 周少帅的两板斧下，单单1-3月，海澜之家就挣得9.36亿元，较其接棒时，大涨两倍多。 掌舵市值超350亿元的服装企业，周立宸试图撕掉"男人的衣柜"这一标签。 联手京东 周立宸是创始人周建平之子，担任海澜之家董事长、总经理。据2025年胡润富豪榜，周家拥有290亿元财富。 他是江苏江阴人，今年37岁，毕业于清华大学金融系，又在风投公司历练过两年，对于商业趋势的变化格外敏感，看到了奥特莱斯的机会。 奥莱因主打大品牌、小价格，在性价比为王的消费时代，生意火爆。 周立宸牵手京东，设计了一套轻资产运营模式。 "京东奥莱，是海澜之家与京东合作推出的城市奥莱业态，主打'大牌低价'策略。" 周立宸在业绩会上告诉《21CBR》记者，线下开设京东奥莱折扣店，是为方便用户就近买到性价比高的大牌正品。 公司向记者介绍，双方优势互补，京东发 ...

点击注册小程序 查看完整报告 特别申明： 本订阅号中所涉及的证券研究信息由光大证券研究所编写，仅面向光大证券专业投资者客户，用作新媒体形势下研究 信息和研究观点的沟通交流。非光大证券专业投资者客户，请勿订阅、接收或使用本订阅号中的任何信息。本订阅号 难以设置访问权限，若给您造成不便，敬请谅解。光大证券研究所不会因关注、收到或阅读本订阅号推送内容而视相 关人员为光大证券的客户。 报告摘要 事件： 2025财年收入/归母净利润同比-6.6%/-41.9%，派息率达135.0% 单季度表现方面，2025财年四个季度全渠道总销售额分别同比下滑中单位数/下滑10~15%/下滑中单位数/ 下滑中单位数。 2025财年利润降幅大于收入主要系毛利率降幅较大以及费用率略提升所致。分上下财年来看，收入分别同 比-7.9%/-5.4%，归母净利润分别同比-34.7%/-52.9%。利润率指标方面，2025财年毛利率同比下降3.4PCT 至38.4%，经营利润率同比下降3.7PCT至5.9%，归母净利率同比下降2.8PCT至4.8%。 点评： 主力品牌和零售业务收入分别-6.1%/-6.8%，门店总数净减少18.3% 滔搏发布截止2 ...

Core Insights - The company reported a decline in revenue and net profit for the fiscal year 2025, with revenue at 27.01 billion RMB, down 6.6% year-on-year, and net profit at 1.29 billion RMB, down 41.9% [1][2] - The company maintained a high dividend payout ratio of 135.0%, exceeding the previous year's 100.9% [1][2] - The decline in profit was attributed to a significant drop in gross margin and a slight increase in expense ratio [1][2] Revenue Breakdown - Main brand revenue (Nike + Adidas) decreased by 6.1%, while other brand revenue fell by 9.9% [1][2] - Revenue from retail, wholesale, and esports accounted for 85.3%, 14.0%, and 0.2% of total revenue, respectively, with retail and wholesale revenues down 6.8% and 5.8% year-on-year [2][3] - The total number of stores decreased by 18.3%, with a total of 5,020 stores as of February 2025 [2][3] Financial Metrics - Gross margin decreased by 3.4 percentage points to 38.4%, primarily due to increased discounting [2][3] - The expense ratio increased by 0.4 percentage points to 33.2%, with sales, management, and financial expense ratios at 29.4%, 3.7%, and 0.1%, respectively [2][3] - Inventory decreased by 4.5% to 6 billion RMB, and accounts receivable decreased by 43.4% to 750 million RMB [3] Future Outlook - The company aims to enhance operational efficiency and reduce costs amid weak consumer demand and declining foot traffic [3][4] - The company plans to expand its brand matrix and has become the exclusive operating partner for high-end running brand SOARRunning and top outdoor brand Norrona in China [3][4] - Profit forecasts for fiscal years 2026 and 2027 have been revised down by 21% and 26%, respectively, with expected EPS of 0.21, 0.23, and 0.26 for fiscal years 2026 to 2028 [4]

Core Viewpoint - The ongoing impact of Trump's tariff policy is leading to an inevitable price increase in the U.S. consumer market, affecting various well-known companies across different sectors [1]. Group 1: Retail Sector - Walmart announced a price increase in mid-May due to anticipated tariff impacts, with CEO Doug McMillon stating that the company cannot absorb all the cost pressures given the thin profit margins in retail [2]. - CFO John David Rainey indicated that consumers might see price hikes as early as the end of May, prompting a strong reaction from President Trump, who urged Walmart to stop using tariffs as an excuse for price increases [2]. Group 2: Luxury and Toy Industries - Ralph Lauren plans to raise prices more significantly than originally intended to offset tariff impacts, with increased price hikes for both the fall and spring collections [3]. - Mattel, a toy manufacturer, announced price increases for some products sold in the U.S., citing the macroeconomic environment and evolving tariff situation, while also suspending its full-year financial guidance [3]. Group 3: Automotive and Sportswear Industries - The automotive sector is feeling the pressure, with Volvo's CEO stating that customers would bear a significant portion of the increased costs if tariffs on EU imports are implemented [4]. - Subaru of America and Ford have both announced price increases for various models in response to current market conditions and tariffs [4]. - Adidas and Nike are also raising prices, with Adidas' CEO noting that higher tariffs will ultimately increase costs across their product range in the U.S. [4]. Nike is set to increase prices on adult apparel and footwear, aligning with the broader trend in the industry [4].

全球范围的运动鞋品牌更多了，但对于亚洲脚来说，买到合脚的运动鞋依然有不小挑战。 「鞋头太窄，导致小拇指挤压变形」、「后脚跟包裹感不足，使得脚踝稳定性下降」、「脚底缺乏支撑，在长时间站立和跑步后感到足底酸痛」以及「明 明试穿时舒适的鞋，带回家后却并不舒适」，这一系列问题，在欧美运动鞋遍地的亚洲市场来说，并不鲜见。 在产品上，「窄型」和「专业型」特点的隐形绑定，也让宽脚、高脚背的亚洲脚，成了脚型特例。 久而久之，在量产鞋楦的面前，能不能穿，只能靠自己调节。「买大一码的鞋、换一张足弓支撑鞋垫」，将鞋子的不合适，看作是「新鞋磨合期」，运动 鞋的合适与否，成了消费者的某种「削足适履」。 亚洲脚需要更多亚洲鞋型的鞋，当然，选对运动鞋做运动，也一直是个需要被科普的命题。 01 亚洲脚穿不对欧美鞋 「正码正拍」也买不到合脚的运动鞋，「穿着脚累、压脚背、卡小拇指」等脚感问题的反馈层出不穷。运动鞋的功能虽然在增多，但拥有一双舒适的鞋却 变得很难。 一方面在于，有研究指出，一些运动鞋的普遍的结构设计，不仅不能带来舒适感，在无形中还会影响穿着者的足部健康。比如，锥形鞋头、鞋跟太高、鞋 子过重等。 事实上，「不是脚有问题，而可能是鞋不 ...