Aug 23- Sports-goods retailer Hibbett Sports Inc slashed its full-year earnings forecast, joining a growing chorus of retailers blaming weakening consumer spending. Dick's Sporting Goods Inc cut its full-year profit forecast on Tuesday, saying consumers have shifted priorities to where they want to spend their money.
With Saks the latest retailer to disappoint with weaker-than-expected earnings, investors are worried about how the retail sector will fare heading into a heavy week of earnings.
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--Englewood, Colo.- based The Sports Authority is issuing a $630 million term loan B due in 2019..
But in a note to investors on Tuesday Stifel Nicolaus analyst David A. Schick said several current trends are supporting stores like Dick's Sporting Goods, Hibbett Sports Inc. and Big 5 Sporting Goods Corp.. He raised his third-quarter earnings estimate on Dick's Sporting Goods by 2 cents to 38 cents per share.
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