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JD Sports Purchases California-Based Shoe Palace

PYMNTS

the current wholly-owned intermediate holding company of JD Sports Fashion Plc in the U.S., Retail acquisitions Genesis Holdings JD Sports News Nice Kicks Shoe Palace What's HotGenesis Holdings Inc.,

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Fauci Encourages Return Of Sports, With Caution

PYMNTS

Fauci was asked if he had any concerns that sports leagues are using too many tests while shortages have been reported. I don’t see the dots between sports getting their results back quickly and other groups not as being necessarily connected,” he said.

Gaming The Odds Of The (Post Pandemic) Return Of Sports

PYMNTS

Welcome, then, to the wide world of sports, circa post-pandemic. In an interview with Karen Webster, Gil Fried, professor and chair at the University of New Haven’s sport management program , said that now, more than ever, we need the escapism and joy that sports bring.

DraftKings Cuts Deal With Turner Sports, Bleacher Report

PYMNTS

DraftKings , which has been on a deal-making tear, has just inked another big agreement, this one with broadcasting giant Turner Sports, according to a press release. The Boston-based sports fantasy operator said in the release Thursday (Oct.

COVID-19 and the Sports & Entertainment Industry

KROST

Ronique Davis, one of KROST’s Sports & Entertainment Industry experts, recently attended the Entertainment Industry Virtual Conference hosted by CalCPA. Similarly, most industries have been impacted, and the sports and entertainment industry is one that continues to feel that impact. Brand Partnerships & Sponsorships in the Sporting Industry. This decrease is primarily due to the absence of sporting events. However, e-sports sponsorship has seen a 53% increase.

Coronavirus, Olympics And What’s Next For Sporting Events Worldwide

PYMNTS

Yet, just as often (if not more so), Anbritt Stengele, founder and president of Sports Traveler , told Karen Webster in a recent conversation, the ability to see interesting venues and big events in crystal clarity has the opposite of a depressive effect.

Grant Thornton U.K. fined £1.32M for Sports Direct audits

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DTC Sports Uniform Companies Pivot For The Pandemic???

PYMNTS

School sports uniforms have been brought into the digital age by direct-to-consumer (DTC) companies such as SquadLocker. Now, in the wake of the pandemic, it is waiting for school to restart after what could have been a disastrous turn of events for the sports uniform company.

Boosting Innovation And Mobile Gaming Via Sports

PYMNTS

Sports are big business around the globe, so it comes as no surprise that retail innovation constantly takes place within that industry, and in combination with payments. Mobile order-ahead is in use at sporting and concert venues, where attendees no longer have to wait in long concession lines for their nachos or hot dogs. Sports arenas , concert venues and other locations have seen notable increases in the number of food orders placed through FanFood’s app.

Popular Millennial Site Bleacher Report Dives Deep Into Sports Betting

PYMNTS

Bleacher Report, a millennial-focused sports website, has been steadily expanding into the sports betting space, attracting a new generation of gamblers who don’t consider sports gambling a bad thing, according to a report by CNBC. About a year ago, the Supreme Court changed the laws on sports betting, and many companies are now integrating odds into their sports coverage. Bleacher Report said its sports betting category has shown massive growth for the company.

Dick’s Sporting Goods Stops Selling Guns In More Stores

PYMNTS

Dick’s Sporting Goods said another 440 stores would no longer sell guns this year, as the company moves to purge firearms from its retail stores, reports indicated Tuesday (March 10). The biggest sporting goods retailer in the U.S.,

Modell’s Sporting Goods In Bankruptcy, Will Shutter All Stores

PYMNTS

Modell’s Sporting Goods has filed for bankruptcy and will shutter all its stores, the company said on Wednesday (March 11). Modell’s sales have traditionally risen and fallen with the fates of New York sports teams. Retail bankruptcy Modell’s Sporting Goods News What's Hot

What Sports Can Teach Us About Company Culture in Business

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5 min read. Do You Have ‘Staff’ or a ‘Team’? Leadership

How Sports Stadiums Are Undergoing Digital Transformations

PYMNTS

But recreational pursuits like live sports have also been given a tech makeover. In the latest version of the Commerce Connected Playbook: Sports And Gaming Edition , PYMNTS examines how the sports world is changing to accommodate a new generation of digital and mobile fans, including the in-person and online sports experiences. In 2018, many teams switched to mobile ticketing, resulting in nearly 80 million mobile sports ticketing users.

Online Sports Gambling Makes Bet On Faster Payments

PYMNTS

Few things feel better than the rush of a winning streak — money bet on a football or baseball team, or a sporting event, that turns into a pile of dough after a victory or beating the spread. That’s where reloadable cards and instant access to funds come in — especially as the worlds of payments and commerce move further toward the goal of frictionless transactions and sports betting in the U.S.

Dick’s Sporting Goods’ Q3 Sales Jump

PYMNTS

Dick’s Sporting Goods reported today that it netted sales of $1.81 billion during the same period in 2015, with 8 percent ($131 million) of the net coming from online purchases, the sporting goods retailer saw 10.2 The retailer has seen a boost in sales since the demise of Sports Authority in March of this year. The company currently operates 676 Dick’s Sporting Goods stores in the U.S., Retail Dick's Sporting Goods earnings Sporting goods

Expect Another Year Before Sports, Entertainment Venues Reopen

PYMNTS

CNBC reported health experts and government officials say sports events probably won’t happen until next year at the earliest. On what might need to open for sports to commence, PYMNTS reported stadium games will not be the same for some time.

Academy Sports And Outdoors Reports 16.5 Pct Rise In Comp Sales

PYMNTS

Academy Sports and Outdoors, Inc. In overall results, Academy Sports and Outdoors reported net income of 74 cents per diluted share on net sales of $1.35 Retail Academy Sports and Outdoors brick and mortar Earnings ecommerce News Revenue What's Hot

Dick’s Sporting Goods Partners With Instacart For Same-Day Holiday Delivery 

PYMNTS

Dick’s Sporting Goods is teaming up with Instacart for same-day delivery at 150 store locations, Instacart announced in a press release on Friday (Dec. Delivery delivery Dick's Sporting Goods Instacart News partnerships Retail What's Hot

March Madness: Next Big Chance For Legal Online Sports Betting

PYMNTS

The NCAA men’s basketball tournament stands as the largest sporting event since the Feb. Supreme Court, which in May 2018 struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. The decision came down 6-3, representing a victory for several states that would like to tap into sports gambling as a way to generate revenue and bring in tourism. That includes DraftKings , which operates a fantasy sports app.

Online Sports Betting Gets A Super Bowl Workout

PYMNTS

5), details emerged about the success and failure of the new online sports betting regime in the U.S. Now the next major test for sports betting is about to unfold. sports betting event of the year, and the first big test of legalized online sports gambling in the wake of last year’s Supreme Court decision that overruled previous prohibition — a ruling that allowed states besides Nevada to allow such wagering operations.

CEOs who take risks with sports may do the same with taxes

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Walmart Inks Deal With Sports Merchandise Maker Fanatics

PYMNTS

29) that it has inked a long-term partnership with Fanatics, the sports fan brand that makes team and player merchandise and operates NFLShop.com, NBAStore.com and MLBShop.com. In a blog post , Eric O’Toole, general manager of sports and fitness for Walmart U.S. 29), Fan Shop by Fanatics will offer hundreds of thousands of items from professional sports leagues, including NFL, NBA, MLB, NASCAR and MLS, and top brands, including Nike, New Era, Majestic and Fanatics.

Dick's Sporting Goods To Offer Black Friday Deals Over 10 Days

PYMNTS

Dick’s Sporting Goods will provide its Black Friday promotions over 10 days instead of only one day, to aid in ensuring a safe shopping experience during the holiday season, according to an announcement.

Finish Line Completes Merger With JD Sports

PYMNTS

Becoming an indirect, wholly owned subsidiary of JD Sports , Finish Line has completed its merger with the European retailer. As a result of the merger, Finish Line and JD Sports will create a multi-channel, multi-brand retailer “with expanded global scope,” according to Finish Line in an announcement. “We We are delighted to announce that we have today completed the acquisition of Finish Line,” Peter Cowgill, executive chairman of JD Sports, said in the announcement.

Can Sports And Entertainment Really Spark Mall Revivals?

PYMNTS

Retail Allied Esports American Dream Closings Editors' Picks entertainment malls mega mall News physical retail simon property group sports VacancyLong live physical retail.

Authentic Brands Buys Sports Illustrated To Build Licensing Empire

PYMNTS

To reportedly build a licensing empire with the Sports Illustrated name, Authentic Brands Group LLC has agreed to buy the storied magazine from Meredith Corp. Authentic Brands Founder and Chief Executive Jamie Salter said, according to the newspaper, “Sports Illustrated has authority and the respect of athletes all over the world.” He also noted deals that could potentially happen in the marketplace for sports gambling and the possibility of airport Sports Illustrated stores.

Vaccine Provides Hope, But Sports And Concerts Keep Live Event Plans Flexible

PYMNTS

Despite recent positive progress that a COVID vaccine is moving closer to becoming a reality, when it comes to the resumption of the activities, sports and shows that constitute “normal life,” event planners say they still lack the visibility and confidence to safely stage large, crowded events.

Enabling Digital Commerce At Sporting Venues With Mobile Ticketing

PYMNTS

With sports teams such as the Carolina Hurricanes moving to distribute tickets nearly exclusively via mobile, fans are now tapping into digital platforms to access sporting events. According to the Commerce Connected Playbook , approximately 80 million people bought mobile tickets for sporting events last year. Gametime, for instance, has started building a mobile experience for ticket sales to sports games, concerts and other events.

Fiserv, Stack Sports Team On Youth Athletics Digital Payments

PYMNTS

Fiserv , a global financial technology company, and Stack Sports, a sports tech leader, have teamed up to assist in youth sports payments and make them easier and more efficient, according to a release. Stack Sports will be using Fiserv’s digital payments SDK to allow payments from right inside the Stack Sports ecosystem. The technology will assist the multitude of participants who use the Stack Sports technology.

Connected Tech Gives Sports Venues An All Star Opportunity To Fill The Stands

PYMNTS

Consumers are set to spend $23 billion buying mobile tickets for sports and gaming events by 2023. Sports brands are thus looking to a host of new technologies, like contactless payments, and even virtual reality technology, to accommodate a new generation of mobile users. Other sports venues and companies are working with media outlets and streaming channels to bring a new connected component into their events.

First And Ten: Disrupting The School Sports Uniform Process With Customization

PYMNTS

Even school sports uniforms have been dragged into the digital age, courtesy of a Rhode Island DTC company called SquadLocker. Now all it needs is for school — and school sports — to restart after what could have been a devastating turn of events for the company.

Sports Concessions, Dunkin’ To Test Mastercard Checkout-Free System

PYMNTS

As merchants attempt to fulfill the demands of customers for expediency and less person-to-person contact, Dunkin’ and sports venue hospitality stands are experimenting with a new Mastercard checkout-free payment technology, The Wall Street Journal (WSJ) reported.

Dick?s Sporting Goods Sees eCommerce Sales Surge 110 Pct In Q1

PYMNTS

As consolidated same-store sales dropped nearly 30 percent fueled by temporary store closures due to the coronavirus, Dick’s Sporting Goods reported that eCommerce sales jumped 110 percent in the first quarter of 2020 compared to the first quarter of last year.

DraftKings Hopes To Score On April IPO Despite Live Sports Desert

PYMNTS

Sports betting site DraftKings is only issuing credits while events are canceled during the pandemic, but that hasn’t stopped it from plans to go public this month. Robins said he looks forward to opening even more offices and continuing to create an engaging experience for sports fans.

How DraftKings Keeps Fraud Out Of Fantasy Sports

PYMNTS

The online fantasy sports-betting space is growing strong. Digital Onboarding Acuant Digital Consumer Onboarding Tracker DraftKings Featured News fraud identity verification News Online gambling online gaming Security Sports betting Tracker SeriesAn increasing number of customers want to onboard with retailers and banks through their mobile phones, putting greater pressure on businesses to provide robust, digital know your customer (KYC) checks and other security measures.

Dick’s Sporting Goods Serves Up Price Matching

PYMNTS

Dick’s Sporting Goods is joining the price matching game with its latest news. Dick’s Sporting Goods is upping the game for brick and mortar. The sports gear, sportswear and apparel retailer has fine-tuned its price-matching policy to include online retailers, including eCommerce giant Amazon. Dick’s Sporting Goods isn’t alone in its effort to become more competitive in the eCommerce arena.

Can Fantasy Sports Change The Payments Game?

PYMNTS

Whether they’re diehard fanatics sure to catch every play, or fair-weather followers with varying levels of interest, sports fans are increasingly splitting their loyalties between real world, hometown teams and teams of their own creation. In fact, the fantasy sports sector has been growing rapidly in North America in recent years, and is now estimated to be worth roughly $7.22 The FSTA also reported the number of people participating in fantasy sports grew from 41.5

Supreme Court Reverses State Ban On Sports Betting

PYMNTS

The Supreme Court of the United States (SCOTUS) has struck down a 1992 law passed by Congress that made it illegal for most states to legalize sports betting within their borders. The decision came down 6-3, representing a victory for several states that would like to tap into sports gambling as a way to generate revenue and bring in tourism. The federal prohibition on sports betting was backed by the NCAA, NFL and NBA.

BEC Scam Storms The Sports Field (Literally)

PYMNTS

Business email compromise has come to high school sports. As reported this past week by Fox 5 in Washington, D.C., more than a half-million dollars of taxpayer money in Virginia’s Spotsylvania County has been taken in tandem with a BEC scam — and the money was supposed to be used to build a football field for a local high school. The real vendor responsible for the field is still awaiting payment,” reported the site.

How Swifter Sports Payments Keep The (Soccer) Ball Rolling

PYMNTS

The nearly $17 billion youth sports industry is facing a dwindling number of registered referees. The Michigan High School Athletic Association, for instance, reported 12,722 registered sports officials in the 2008 to 2009 academic year, and that total fell to only 9,816 in the 2017 to 2018 season. Solutions providers are moving youth sports away from cash and checks, and instead offering more accessible and comprehensive digital services that aim to simplify referees’ payments.

Trulioo On Tweaking The Odds In Favor Of Online Sports Betting

PYMNTS

For payments and commerce , there’s another uncertainty that hangs in the air: Will legal online sports betting keep going forward, despite a recent decision by the U.S. That said, it doesn’t mean payments and commerce operators interested in the sports betting space need to sit by helplessly as the political process takes it course, he explained. First, a review and update about the online sports gambling situation in the U.S.