QUOTE AND NEWS
CNNMoney.com  Jun 29  Comment 
Nike is opening up shop on Amazon.com and the company plans "big shifts" over the coming year.
CNNMoney.com  Jun 21  Comment 
Nike could be ready to cut out the middle man and start selling directly on Amazon.com, according to a Goldman Sachs analyst.
Motley Fool  Jun 12  Comment 
Poor results in sporting goods had investors worried about Hibbett Sports' future.
Motley Fool  May 15  Comment 
The sporting goods retailer is struggling with falling comps and declining margins.
SeekingAlpha  Apr 26  Comment 




 
     Table of Contents      
Intro and Overview
     Introduction
     Business Overview
Trends and Forces
      Key Trends and Forces
Competition

Hibbett Sports (NASDAQ: HIBB) sells sporting goods in retail stores predominately in the Sun Belt, Mid-Atlantic, and lower Midwest regions of the U.S.A. It focuses on markets where there is little to no direct competition - small counties with as few as 30,000 people - and as a result, its stores are smaller than those of major sporting goods retailers Dick's Sporting Goods (50,000 square feet) and Big 5 (11,000 square feet).[1] It also differs from its peers in selling only full-priced products rather than a mix of premium and discount goods.

Hibbett mainly competes with local independent sporting goods stores rather than national chains because of its small store size, and its lack of discount offerings. Hibbett depends on discretionary income to build its sales - its products are not necessary commodities. As such, the company is exposed to a hurting U.S. economy, the credit crunch, and seasonal fluctuations.

Well many products range in price and can be very dfeferint in cost. Like for example in jackets, some jackets can be $300 and some jackets with Gore-Tech material can be up to $500. My pants are Burton Cargo pants and they were $200. My helmet is made my Pro tech and it was about $60. My boots where about $100 and they were pretty good boots. My board is a Forum Destroyer and i paid about $500?? Around there i forgot how much it cost. My bindings are Burton Cartel Bindings and cost about $250. Many equipment can vary in price due to the materials that are involved in making those products.

References

  1. HIBB 2007 10K, Item 1:Business, pg.5
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