Jan Kniffen explains why he's a big fan of Dick’s Sporting Goods
December 24, 2025 • 4m 35s
? (?)
00:00.670
with
the
busy
and
all
important
holiday
season
for
retail
set
to
wrap
up
let's
take
a
look
and
see
how
the
sector
did
bring
in
janniff
and
jay
rogers
niffin
worldwide
CEO
jan
great
to
see
you
Jan Kniffen (CEO)
00:10.830
great
to
see
you
too
and
you
know
i'm
not
the
economist
but
i
can
tell
you
if
we
had
four
percent
GDP
growth
regularly
we
sure
as
heck
wouldn't
have
to
worry
about
retail
sales
or
jobs
or
wages
yeah
? (?)
00:22.230
but
well
we'll
see
if
we
do
but
for
now
the
holiday
season
does
look
to
be
stronger
jan
i'm
just
wondering
how
retails
are
retailers
are
actually
faring
even
if
sales
are
up
how
are
their
margins
doing
do
they
have
to
discount
to
bring
in
those
sales
Jan Kniffen (CEO)
00:35.800
margins
will
be
just
as
good
or
better
than
last
year
because
all
that
promotion
you're
seeing
out
there
is
planned
promotion
i
have
to
work
pretty
hard
now
to
find
unplanned
promotion
among
the
major
retailers
they've
done
an
extraordinarily
good
job
with
inventories
they've
Jan Kniffen (CEO)
00:52.750
handled
the
tariffs
really
well
they're
going
to
have
solid
gross
margins
on
the
sales
they
get
and
they're
going
to
get
four
percent
plus
on
sales
i'm
using
four
and
a
half
to
five
but
i'm
the
kind
of
most
optimistic
guy
on
the
street
but
you
know
even
the
NRF
saying
three
Jan Kniffen (CEO)
01:10.350
seven
to
four
two
and
haven't
been
wildly
optimistic
and
if
you
look
across
the
board
other
people
making
predictions
they've
all
come
up
and
i
don't
think
we'll
see
that
come
at
the
expense
of
promotion
we're
going
to
see
solid
gross
margins
we're
going
to
see
a
really
good
Jan Kniffen (CEO)
01:27.710
christmas
it
will
be
as
good
or
better
than
last
year
from
the
point
of
view
of
profitability
and
it's
going
to
be
four
percent
or
more
better
on
sales
you
can't
ask
for
more
than
that
when
everything
has
been
thrown
at
the
consumer
this
year
and
they
have
just
shrugged
off
and
Jan Kniffen (CEO)
01:43.270
continue
to
spend
where
? (?)
01:45.430
do
you
see
the
surprises
jan
in
terms
of
upside
to
expectations
or
downside
well
Jan Kniffen (CEO)
01:53.280
i
think
i've
got
a
lot
of
companies
that
i
really
am
in
favor
of
if
you
want
to
look
across
the
board
i'm
a
big
fan
of
dicks
right
now
because
i
think
they're
winning
the
game
they're
also
one
of
the
five
best
retailers
in
the
country
walmart
's
just
gaining
market
share
rapidly
Jan Kniffen (CEO)
02:08.320
of
with
a
hundred
thousand
dollar
plus
customer
especially
so
that's
great
for
them
that's
tough
for
targets
so
gee
can't
not
like
walmart
but
best
buy
is
going
to
be
really
interesting
because
we're
seeing
better
sales
and
electronics
than
we
ever
thought
we
would
you'll
see
Jan Kniffen (CEO)
02:21.630
ross
dress
for
less
do
really
well
because
they're
in
the
right
spot
and
they're
doing
a
lot
more
for
the
customer
than
they
did
last
year
and
they're
doing
a
lot
better
job
with
brands
and
they're
doing
a
lot
better
job
with
advertising
and
you'll
see
good
numbers
out
i
think
Jan Kniffen (CEO)
02:37.310
all
three
urban
outfitters
divisions
because
people
really
are
buying
clothes
and
they're
buying
actual
real
clothes
not
just
aloe
and
vary
and
lululemon
and
on
running
they're
buying
closed
clothes
so
you'll
do
well
tapestry
will
do
well
so
it's
it's
it's
been
a
pretty
good
Jan Kniffen (CEO)
02:55.830
christmas
across
the
board
even
the
upper
end
which
has
been
kind
of
a
struggle
right
bruno
brunello
cuccinelli
and
LVMH
and
hermes
and
those
companies
are
going
to
do
pretty
well
but
when
you
come
down
to
the
next
level
like
PVH
urban
outfitters
aritzia
ralph
lauren
especially
Jan Kniffen (CEO)
03:14.950
it
is
a
ralph
lauren
christmas
they're
going
to
do
really
well
so
it's
it's
surprisingly
strong
out
there
given
what's
going
on
and
and
apparel
is
really
benefiting
so
even
when
you
get
to
like
the
smaller
players
that
are
actually
in
a
good
niche
you're
going
to
see
good
Jan Kniffen (CEO)
03:33.550
numbers
out
of
tractor
supply
and
boot
barn
and
casey
's
general
store
it's
just
going
to
be
a
healthy
christmas
pretty
much
across
the
board
but
they'll
be
losers
i
don't
think
target
's
doing
very
well
i'm
not
a
big
fan
of
lowe's
despite
the
fact
the
markets
kind
of
there
you
Jan Kniffen (CEO)
03:51.390
know
we're
going
to
see
some
some
struggles
but
you
know
levi
's
will
do
well
we'll
see
a
good
number
nike
's
going
to
do
they're
really
our
tourney
even
though
you
guys
yes
i'm
wearing
on
running
head
to
toe
and
carl
may
be
an
aloe
of
rory
but
nike
is
coming
back
and
you're
Jan Kniffen (CEO)
04:12.070
right
the
problem
is
china
that's
the
biggest
issue
they've
got
and
direct
to
consumers
the
next
biggest
issue
those
need
to
turn
for
everybody
to
get
excited
but
my
long
customers
take
a
look
at
nike
and
go
hey
it
looks
like
a
company
that's
turning
around
the
short
guys
Jan Kniffen (CEO)
04:29.310
they're
going
we
need
to
see
something
out
of
china
but
yeah
it's
it's
pretty
good
out
there
right
now
Autoscroll