Content about Dick's Sporting Goods

March 15, 2013
Adding Context

Expect no prophesying about the death of enclosed malls. The format is alive and well, and there are countless examples of thriving under-roof shopping centers around the country.

Still, there is no question that the open-air format has stolen mall thunder.

March 11, 2013
Dick’s to open 40 stores in 2013 and debut Field & Stream format

Dick's Sporting Goods Inc. forecast a full-year profit for the current fiscal year that was less than expected, and also revealed it will debut a new retail concept in fiscal 2013 under the Field & Stream banner.

Pittsburgh -- Dick's Sporting Goods Inc. on Monday forecast a full-year profit for the current fiscal year that was less than expected, and also revealed it will debut a new retail concept in fiscal 2013 under the Field & Stream banner.
 
In 2013, the company said it will open two Field & Stream stores, 40 Dick’s Sporting Goods stores, one Golf Galaxy store and two True Runner locations. The chain also plans partial remodels of 75 existing Dick’s stores.
   

December 18, 2012
Dick’s suspends sales of certain type of ‘modern sporting rifles’

Dick's Sporting Goods said it has removed all guns from its store nearest to Newtown, Conn., and is suspending the sale of certain kinds of semi-automatic rifles from its chains nationwide.

New York -- Dick's Sporting Goods said it has removed all guns from its store nearest to Newtown, Conn., and is suspending the sale of certain kinds of semi-automatic rifles from its chains nationwide.

In a statement, the retailer said the move was made out of respect for the victims and families of last week's Sandy Hook Elementary School shooting.

November 13, 2012
Dick's Sporting Goods Q3 profit jumps 21%

Dick's Sporting Goods reported that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year.

Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended Oct. 27 surged 21% to $50.1 million, compared with $41.5 million in the same period last year. The retailer cited strong online sales for the improved performance.

Revenue rose 11% to $1.31 billion, just edging Wall Street’s expected $1.3 billion, and same-store sales rose 5.1%. Online sales soared 46.7% in the quarter, comprised of a 3.9% jump at namesake stores and a 2.3% increase at Golf Galaxy.
 

November 8, 2012
Dick’s Sporting Goods announces three new store opening

Dick's Sporting Goods Inc. opened three stores, including one relocated store, on Nov. 7.

New York -- Dick's Sporting Goods Inc. opened three stores, including one relocated store, on Nov. 7. Of the two new stores, one was located at Stoneridge Village, Jefferson City, Mo.; and the other at Spokane Valley Mall, Spokane, Wash. The retailer relocated its N. Springboro Pike store to Dayton Mall, Dayton, Ohio.

In October, Dick’s celebrated the opening of 17 stores throughout the United States.

 

August 14, 2012
Dick's Sporting Goods profit slips in Q2, on track to open 38 stores in 2012

Dick's Sporting Goods reported Tuesday that net income for the quarter ended July 28 slid to $53.7 million, from $73.8 million in the same quarter a year ago.

Pittsburgh -- Dick's Sporting Goods reported Tuesday that net income for the quarter ended July 28 slid to $53.7 million, from $73.8 million in the same quarter a year ago. The sporting goods retailer blamed the lackluster profit performance partly on weakness from newly acquired JJB Sports and adverse weather in the first quarter.

Sales climbed 10% to $1.4 billion, meeting Wall Street expectations. Same-store sales rose 3.8%, consisting of a 2.9% increase at Dick’s stores, a 4.4% rise at Golf Galaxy, and a 34.6% increase in its e-commerce business.

June 27, 2012
Dick’s Sporting Goods to anchor new phase of Alliance Town Center

Fort Worth-based Trademark Property Co. said that Dick’s Sporting Goods will open at Alliance Town Center, located in North Fort Worth.

Fort Worth, Texas -- Fort Worth-based Trademark Property Co. said Tuesday that Dick’s Sporting Goods will open at Alliance Town Center, located in North Fort Worth.

The 50,000-sq.-ft. store will anchor a 140,000-sq.-ft. Phase 2 of the center. Construction on Dick’s is scheduled to begin in July with opening set for summer 2013.

Alliance Town Center, currently 800,000 sq. ft., is a joint venture of Hillwood and Trademark, and is part of the 17,000-acre Alliance, Texas, master-planned community.

June 11, 2012
Dick's Sporting Goods to open two new stores on June 13

Dick's Sporting Goods announced it will open two new stores on June 13.

Pittsburgh -- Dick's Sporting Goods announced Monday it will open two new stores on June 13.

A store at Bloomfield Town Square, in Bloomfield, Mich., will be the sporting goods retailer’s 20th store in the state.

The new store opening at Northborough Crossing, in Northborough, Mass., will be the retailer’s 17th in the state.
 

June 11, 2012
Dick's Sporting Goods to open two new stores on June 13

Dick's Sporting Goods announced it will open two new stores on June 13.

Pittsburgh -- Dick's Sporting Goods announced Monday it will open two new stores on June 13.

A store at Bloomfield Town Square, in Bloomfield, Mich., will be the sporting goods retailer’s 20th store in the state.

The new store opening at Northborough Crossing, in Northborough, Mass., will be the retailer’s 17th in the state.
 

May 31, 2012
Dick's to debut running store concept

Dick’s Sporting Goods said Thursday that it will debut a specialty running store, True Runner, with the first location opening in the retailer’s home city of Pittsburgh.

Pittsburgh -- Dick’s Sporting Goods said Thursday that it will debut a specialty running store, True Runner, with the first location opening in the retailer’s home city of Pittsburgh.

The high-service concept will cater to running enthusiasts with footwear, apparel and accessories, and is slated to open in summer 2012.

May 31, 2012
Dick's to debut running store concept

Dick’s Sporting Goods said Thursday that it will debut a specialty running store, True Runner, with the first location opening in the retailer’s home city of Pittsburgh.

Pittsburgh -- Dick’s Sporting Goods said Thursday that it will debut a specialty running store, True Runner, with the first location opening in the retailer’s home city of Pittsburgh.

The high-service concept will cater to running enthusiasts with footwear, apparel and accessories, and is slated to open in summer 2012.

May 15, 2012
Dick’s sees 53% profit surge in Q1, raises outlook; to open 40 stores in 2012

Dick's Sporting Goods Inc. reported that profit for the quarter ended April 28 surged 53% to $57.2 million, compared with $37.5 million for the year-ago period.

Pittsburgh -- Dick's Sporting Goods Inc. reported Tuesday that profit for the quarter ended April 28 surged 53% to $57.2 million, compared with $37.5 million for the year-ago period. The sporting goods retailer raised its earnings outlook for the year.

“For 2012, we are raising our full year guidance as we continue to invest in new stores and our e-commerce business, as well as our margin accelerators including inventory management, private brands, and product mix shift,” said Edward W. Stack, CEO.

April 30, 2012
Dick’s Sporting Goods to open 487th store

Dick's Sporting Goods will open a store in Union, N.J., on May 2.

Pittsburgh -- Dick's Sporting Goods will open a store in Union, N.J., on May 2.

The Union location will be the retailer's 16th store in the state of New Jersey and its 487th nationwide.
 

April 30, 2012
Dick’s Sporting Goods to open 487th store

Dick's Sporting Goods will open a store in Union, N.J., on May 2.

Pittsburgh -- Dick's Sporting Goods will open a store in Union, N.J., on May 2.

The Union location will be the retailer's 16th store in the state of New Jersey and its 487th nationwide.
 

April 5, 2012
Dick’s Sporting Goods to invest in U.K.’s JJB Sports

Dick's Sporting Goods has agreed to make a 20 million pound investment ($31.75 million) in U.K. sports retailer JJB Sports plc, which operates over 180 stores in the United Kingdom and Ireland.

Pittsburgh -- Dick's Sporting Goods has agreed to make a 20 million pound investment ($31.75 million) in U.K. sports retailer JJB Sports plc, which operates over 180 stores in the United Kingdom and Ireland.

Dick's will purchase 18.75 million pounds ($29.76 million) in junior secured convertible notes and 1.25 million pounds ($1.98 million) in ordinary shares of JJB Sports. The transaction is subject to approval of the British company's shareholders.

April 5, 2012
Dick’s Sporting Goods to invest in U.K.’s JJB Sports

Dick's Sporting Goods has agreed to make a 20 million pound investment ($31.75 million) in U.K. sports retailer JJB Sports plc, which operates over 180 stores in the United Kingdom and Ireland.

Pittsburgh -- Dick's Sporting Goods has agreed to make a 20 million pound investment ($31.75 million) in U.K. sports retailer JJB Sports plc, which operates over 180 stores in the United Kingdom and Ireland.

Dick's will purchase 18.75 million pounds ($29.76 million) in junior secured convertible notes and 1.25 million pounds ($1.98 million) in ordinary shares of JJB Sports. The transaction is subject to approval of the British company's shareholders.

March 9, 2012
DDR adds two Dick’s Sporting Goods stores at Utah properties

Mall owner DDR Corp. said that Dick's Sporting Goods will open stores at two of its shopping centers in Utah.

Beachwood, Ohio -- Mall owner DDR Corp. said Friday that Dick's Sporting Goods will open stores at two of its shopping centers in Utah.

The new Dick's Sporting Goods locations will replace former F.Y.E. stores and result in higher and longer-term contracted rents. At the same time, the re-tenanting improves the merchandise mix and credit quality of cash flows at the shopping centers by replacing underperforming stores with a market-share and category-leading retailer.

March 6, 2012
Dick's Sporting Goods Q4 profit up 27%, to open 40 stores in 2012

Dick's Sporting Goods Inc. reported that profit for the fourth quarter rose 27% to $111.1 million, compared with $87.5 million in the year-ago period.

Pittsburgh -- Dick's Sporting Goods Inc. reported Tuesday that profit for the fourth quarter rose 27% to $111.1 million, compared with $87.5 million in the year-ago period. Revenue increased 6% to $1.61 billion from $1.52 billion, matching Wall Street expectations. Same-store sales inched up 0.1%.

By banner, Golf Galaxy posted a 9% increase in same-store sales for the quarter, but namesake stores slipped 2.5%.

March 5, 2012
Dick’s announces three new stores

Dick’s Sporting Goods said that it will open three new stores in three states on March 7.

Pittsburgh -- Dick’s Sporting Goods said Monday that it will open three new stores in three states on March 7.

A new store in St. George, Utah, will open simultaneously with new locations in Ft. Lauderdale, Fla., and Boardman, Ohio. Giveaways and special events will accompany each opening.

The St. George, Utah, store, the retailer’s third in the state, is located at Red Rock Commons shopping center. The Ft. Lauderdale, Fla., store joins 17 other Dick’s stores in the state and will be located at the Regions Bank Plaza.

November 29, 2011
Dick's to build new Arizona DC to support Western growth

Dick's Sporting Goods said that it will build a new distribution center in Goodyear, Ariz., that will service the western United States.

Pittsburgh -- Dick's Sporting Goods said Tuesday that it will build a new distribution center in Goodyear, Ariz., that will service the western United States. The new DC, which is expected to bring approximately 120 jobs to the area, is slated to open in early 2013.

The distribution center will be designed to ultimately support approximately 160 stores as Dick's Sporting Goods grows its store base in the western United States over the next five to 10 years and is eventually expected to employ up to 300 associates.

November 29, 2011
Dick's to build new Arizona DC to support Western growth

Dick's Sporting Goods said that it will build a new distribution center in Goodyear, Ariz., that will service the western United States.

Pittsburgh -- Dick's Sporting Goods said Tuesday that it will build a new distribution center in Goodyear, Ariz., that will service the western United States. The new DC, which is expected to bring approximately 120 jobs to the area, is slated to open in early 2013.

The distribution center will be designed to ultimately support approximately 160 stores as Dick's Sporting Goods grows its store base in the western United States over the next five to 10 years and is eventually expected to employ up to 300 associates.

November 15, 2011
Dick's Sporting Goods Q3 profit and sales up

Dick's Sporting Goods Inc. reported that net income for the quarter ended Oct. 29 surged to $41.5 million, from $16.9 million in the year-ago period.

Pittsburgh -- Dick's Sporting Goods Inc. reported Tuesday that net income for the quarter ended Oct. 29 surged to $41.5 million, from $16.9 million in the year-ago period.

Revenue rose 9% to $1.18 billion from $1.08 billion, beating Wall Street’s anticipated $1.16 billion in revenue.

Same-store sales rose 4.1%.

November 7, 2011
Five former Borders locations are re-tenanted

Brixmor Property Group said Friday that four national tenants – Books-A-Million, Big Lots, Dick’s Sporting Goods and REI – will occupy former Borders locations in California, Colorado, Connecticut, Michigan and North Carolina.

New York City -- Brixmor Property Group said Friday that four national tenants – Books-A-Million, Big Lots, Dick’s Sporting Goods and REI – will occupy former Borders locations in California, Colorado, Connecticut, Michigan and North Carolina.

October 31, 2011
Dick’s Sporting Goods announces store openings

Dick's Sporting Goods will officially mark its entry into the state of Oklahoma on Nov. 2, with the opening of two stores in Tulsa. and one store in Broken Arrow.

Pittsburgh -- Dick's Sporting Goods will officially mark its entry into the state of Oklahoma on Nov. 2, with the opening of two stores in Tulsa, and one store in Broken Arrow.

In other news, Dick’s will open at Premier Center, Canton, Mich., on Nov. 2, and at Waters Place, Ann Arbor, Mich., on Nov. 4.
 

October 31, 2011
Dick’s Sporting Goods announces store openings

Dick's Sporting Goods will officially mark its entry into the state of Oklahoma on Nov. 2, with the opening of two stores in Tulsa. and one store in Broken Arrow.

Pittsburgh -- Dick's Sporting Goods will officially mark its entry into the state of Oklahoma on Nov. 2, with the opening of two stores in Tulsa, and one store in Broken Arrow.

In other news, Dick’s will open at Premier Center, Canton, Mich., on Nov. 2, and at Waters Place, Ann Arbor, Mich., on Nov. 4.