© Reuters.
By Dhirendra Tripathi
Investing.com – Hibbett Sports activities inventory (NASDAQ:) plunged greater than 10% Friday as each offline and on-line gross sales fell at a time when most informal and sportswear retailers have reported robust turnovers.
Gross sales at most informal and sportswear retailers have boomed within the final yr as individuals have most well-liked carrying consolation clothes, whether or not they’re working from dwelling or within the workplace.
Internet gross sales for the 13-weeks ended July 31 fell 5.1% to $419.3 million.
Comparable gross sales fell 6.4%, as brick and mortar comparable gross sales declined 3.8% and