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The Call @ Hedgeye | April 24, 2024
Total sports apparel sales as reported by SportscanInfo came in +3.0. This might not seem meaningful, but it is the fifth consecutive week of accelerating yy sales. Not bad. Interesting to see a massive divergence between channels, with the Sports Retailers and Discounters/Mass taking share, with the ‘Family’ channel off by 30%. This category includes the likes of Boscov’s and other regional department stores that are struggling to stay afloat. Apparently they’re losing the struggle…