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Dick's Sporting Goods Essay

1798 Words8 Pages

The company I choose to analyze is DICK’S Sporting Goods Inc. I’ve shopped at DICK’S Sporting Goods since I was young. Considering I played sports growing up, I would frequently shop at DICK’S Sporting Goods to buy the gear and equipment that I needed. Currently, I enjoy golfing. I am a frequent customer at Golf Galaxy, which is owned by DICK’S Sporting Goods, looking for clubs and apparel. Being a Pittsburgh sports fan, I purchase fan gear as well as everyday clothing items there too. DICK’S Sporting Goods offers a wide variety of gear and accessories that fits my passion for sports. Background Dick Stack was an 18-year-old from Binghamton, New York who worked at an army surplus store. The owner of the store requested Dick to create an inventory …show more content…

Dick was upset with the owner’s response and quit his job. As a result, he explained what occurred to his grandmother who gave him $300 to open his own store. In 1948, with his hard work and determination, Dick opened his own bait and tackle store in Binghamton. That same year Dick’s Clothing and Sporting Goods Inc. was founded and incorporated. In 1999, the name was changed to its current name of DICK’S Sporting Goods Inc. Throughout the years, Dick expanded his store to sell clothing, sports, and outdoor equipment, and footwear. DICK’S Sporting Goods Headquarters’ is located Coraopolis, PA. Currently, DICK’S Sporting Goods has 730 store locations throughout the U.S. Notably, California has the most store locations in the U.S with 58. Locally, Pennsylvania has in operation 39 DICK’S Sporting Goods locations. DICK’S Sporting Goods uses an …show more content…

In addition, this letter recognized the years milestones, commitment to their values, striving for success, profitability, and growth in the upcoming year. It was noted that the company surpassed their goals and set a new record for sales and earnings. It was recognized that there was a $3.5 billion increase of net sales, a 26.5% growth in consolidated same-store sales, and a non-GAAP earnings per dilutive share of $15.70. The DICK’S Sporting Goods team was credited for these record setting numbers. Within the letter there was a re-commitment to their focus on meeting the needs of their athletes, team, and the communities that they serve. Moving forward, DICK’S Sporting Goods plans to advance their omnichannel business approach with new concepts for in store and e-Commerce business. Lastly, they noted their appreciation to the shareholders for their support and commitment to the

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