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Dick's Sporting Goods Executive Summary

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Strengths:
Strong brand awareness and reputation in the sporting goods industry
Wide range of items and services are available, including athletic wear, equipment, and outdoor gear
Strong web and mobile platforms for e-commerce and omni-channel purchasing experiences
Strong customer loyalty and engagement are achieved through reward programs and focused marketing initiatives
Offers price-matching

Weakness:
Vulnerability to changes in customer tastes and market trends, especially in the competitive athletic goods industry
Product inventory is dependent on key suppliers and manufacturers
Dependence on in-person shopping experiences for specific product categories, which may limit potential e-commerce growth opportunities
Supply chains …show more content…

The company's gross profit margin rose to 30.3% from 28.3% the previous year. This expansion was attributable to high demand for athletic gear and equipment, as well as efficient cost-cutting techniques. To satisfy the changing needs of its clients, the company has been increasing its online presence and investing in omni-channel capabilities. To compete with larger e-commerce competitors, the company has concentrated on providing superior online shopping experiences, such as same-day delivery and curbside pickup. However, the company has also encountered difficulties as a result of supply chain interruptions and shortages, which have had an impact on inventory levels and product availability. Furthermore, Dick's Sporting Goods, like many businesses, has had to handle the impact of the COVID-19 pandemic on its operations, including temporary shop closures and alterations in consumer behavior. Overall, Dick's Sporting Goods has shown perseverance and growth in the face of adversity, but it will need to adapt to changing market conditions and consumer preferences in order to retain its

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Dick’s Sporting Goods annual 10-k MD&A has shown that Dick’s is one of the leading sports apparel and equipment company in the business. The 10-k MD&A shows that Dick Sporting Goods has grown and expanded in terms of stores and employees. Compared to the previous year with Dick Sporting Goods only having 694 stores across the country, this year they have 741 stores. An increase in volume being sold. Due to the increase in stores Dicks now approximately has 13,000 full time employees and 24,000 part time.

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