Retail Roundup—Dick's pulls ahead, Dollar General's $70M in raises

Dick's Sporting Goods
Dick's plans to increase its share of private-label products and invest in e-commerce.

Dick's capitalizing on rivals folding

Coming off a recent boost in sales for the quarter, Dick's announced it is making some strategic structural changes, including cutting the number of vendors it uses. The company will also increase its share of private-label products and invest in e-commerce. In addition, Dick's will shift focus away from traditional sports and dive deeper into athleisure. (MediaPost)

Dollar General gives $70M in raises

Dollar General announced it would be giving store managers $70 million in 2017, despite pressure it will put on the retailer's profits. The move comes two years after other discount chains, including Walmart and Target, increased the minimum wage for their workers. Dollar General says the investment will strengthen the company's position over the long term. (Fortune)

Hhgregg terminates buyout deal

Hhgregg announced it has terminated a previously announced deal with a buyer to acquire the company. The retailer, which had filed for Chapter 11, has been looking for a sale but the two parties were unable to reach a definitive agreement. The chain has other offers under consideration. (Furniture Today)

NRF rebrands conference to Shop.org

The National Retail Federation (NRF) announced the adoption of Shop.org as the official name of its annual e-commerce conference. Previously known as Retail's Digital Summit, the conference will be held this year at the Los Angeles Convention Center, Sept. 25-27. (NRF)