Tuesday, July 25, 2017

Hibbett Sports slumps after warning of 'challenging' sales

Image result for hibbetts storeShares of Hibbett Sports Inc dropped 32 percent on Monday after the U.S. sports apparel retailer warned it would be affected by "very challenging" sales trends.

The retailer estimated a decline of about 10 percent in its comparable-store sales for the second quarter, ending on July 29, that would pressure its gross margins.. . . more

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