Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billion
Read full article: Dick's Sporting Goods to buy struggling shoe chain Foot Locker for $2.4 billionDick’s Sporting Goods is buying the struggling footwear chain Foot Locker for about $2.4 billion, the second buyout of a major footwear company this year as business leaders struggle with U.S. President Donald Trump’s threatened tariffs.
A 1-of-a-kind Paul Skenes card has been purchased by Dick’s Sporting Goods for $1.11 million
Read full article: A 1-of-a-kind Paul Skenes card has been purchased by Dick’s Sporting Goods for $1.11 millionA one-of-a-kind Paul Skenes baseball card was purchased by Dick’s Sporting Goods for $1.11 million after a two-week auction.
Yes, the Seminole Towne Center is closing, but these stores will remain. Here’s where things stand
Read full article: Yes, the Seminole Towne Center is closing, but these stores will remain. Here’s where things standAlthough a deal is still being finalized, interior stores at the Seminole Towne Center will soon be closing.
Dick’s 2Q profit falls, and the retailer lowers its full-year outlook -- on worries of theft
Read full article: Dick’s 2Q profit falls, and the retailer lowers its full-year outlook -- on worries of theftDick’s Sporting Goods profit slipped in its second quarter and missed Wall Street’s expectations as the retailer cut its full-year profit outlook, citing worries over theft at its stores.
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No sweat: Dick's crushes 2Q as consumers focus on fitness
Read full article: No sweat: Dick's crushes 2Q as consumers focus on fitnessAt home workouts and outdoor athletic activities are shaping up to be good business for Dick's Sporting Goods. The retailer's second-quarter results easily beat Wall Street's expectations as consumers continue to focus on health and wellness while stuck at home amid the coronavirus pandemic. During this pandemic, the importance of health and fitness has accelerated and participation in socially distant, outdoor activities has increased. Sales at stores open at least a year, a key gauge of a retailer's health, increased 20.7%. Families are now expanding beyond workouts to socially distant activities that everyone can enjoy, like hikes, backyard camp outs and fishing.
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