Shares of sporting goods retailers were pummelled in early trading on Friday as dismal quarterly results from Hibbett and Foot Locker heightened concerns about a supply glut intensifying price wars in the industry.
Nike's pilot programme to sell certain products on Amazon and Instagram is a precursor to it forging a deeper relationship with online retailers, and could hit sales at sporting goods retailers such as Foot Locker Inc .
Somewhat eclipsed by its German competitors lately, the U.S. sports giant proved in its 2017 financial results on Thursday that business is indeed brisk, adding it plans to sell a limited product assortment via Amazon.
Riskified, an Israeli startup whose clients include Macy's and Footlocker, has won the backing of LVMH's holding company in a funding round. In May, the luxury group launched an online store for all its brands.
Hilpert is retiring from the Signet Board of Directors after serving close to 10 years as an Independent Director. Graf, the current CFO of Discover Financial Services, will join the Signet Board on July 1, 2017.