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Company type | Public |
---|---|
Industry | Retail |
Founded | 1948Binghamton, New York, U.S. | in
Founder | Richard "Dick" Stack |
Headquarters | , U.S. |
Number of locations | 724 [1] (2024) |
Key people |
|
Revenue | US$12.98 billion (2023) [1] |
US$1.282 billion (2023) [1] | |
US$1.046 billion (2023) [1] | |
Total assets | US$9.312 billion (2023) [1] |
Total equity | US$2.617 billion (2023) [1] |
Number of employees | 55,500 [1] (2024) |
Subsidiaries |
|
Website | dickssportinggoods |
Dick's Sporting Goods, Inc. is an American chain of sporting goods stores founded in 1948 by Richard "Dick" Stack. It is the largest sporting goods retailer in the United States, and is listed on the Fortune 500. [4]
Dick's is the largest sporting goods retail company in the United States, [5] with approximately 853 stores as of 2023. [6] [7] The public company is based in Coraopolis, Pennsylvania [8] and is physically located in Findlay Township, Pennsylvania [9] outside Pittsburgh, and has approximately 53,000 employees as of August 2023. [10] The company's subsidiaries include Golf Galaxy, Public Lands, and House of Sport. [11] [12] In 2017, there were 690 Dick's stores and close to 100 Golf Galaxy locations. [13] The company acquired Affinity Sports, Blue Sombrero, and GameChanger. [14]
Edward W. Stack is currently executive chairman. [15] Lauren Hobart is president and chief executive officer of the company [16] and Navdeep Gupta is chief financial officer, as of 2024 [update] . [3] Hobart succeeded Edward W. Stack as CEO on February 1, 2021, becoming the company's first female CEO. [17] [18]
Richard "Dick" Stack started the company as a fishing tackle store in Binghamton, New York, in 1948. [19] He began with a $300 loan from his grandmother. [20]
Edward W. Stack and his siblings purchased Dick's from their father in the early 1980s, [21] when the company had two locations in Upstate New York. [22] Stack established a board of directors, opened additional stores, and relocated the company's headquarters to Pittsburgh in 1994. [23] He became chairman and chief executive officer following his father's retirement in 1984, and led the company during its initial public offering in 2002. [24]
Dick's operated primarily throughout the Eastern United States until 2009, and has since expanded across the country. [25] There are more than 800 Dick's stores in 47 states, as of 2023. [26]
In 2012, the company opened three True Runner stores targeting runners in Boston, the St. Louis suburb Brentwood, and Pittsburgh's Shadyside neighborhood. [27] [28] The stores closed in early 2017. [29]
Dick's launched the women's athleisure, fitness, and lifestyle store Chelsea Collective in 2015, [30] opening two stores in Pittsburgh and Tysons, Virginia, [31] in the Washington, D.C. metro area. The shops closed in 2017. [32]
The company launched Dick's Team Sports HQ in early 2016, offering youth sports teams websites, uniforms, and sponsorship options. [33]
Dick's opened its first Field & Stream store in Cranberry Township, a suburb of Pittsburgh, in 2013. [34] Thirty-five Field & Stream stores were open across the country as of 2018. [35] In 2023, Dick's shuttered its Field & Stream brand by converting its remaining Field & Stream stores to its House of Sport concept or large format DICK'S stores. [36]
Following the Stoneman Douglas High School shooting in February 2018, Dick's stopped selling assault weapons and high-capacity magazines, and increased the minimum age for purchasing guns to 21. [7] [12] Dick's-branded stores had suspended assault-style weapon sales following the Sandy Hook Elementary School shooting in 2012, but the guns were still available for purchase at Field & Stream locations. [37] [38] Dick's has never carried bump stocks. [7]
The company currently operates five distribution centers. [39] The most recent, in Conklin in Southern Tier, New York opened in January 2018, [40] and was further expanded to fulfill online sales a few months later. [41]
In 2019, Dick's launched its private-label clothing line called DSG. [42] The company's other brands include the women's line Calia, and their menswear brand VRST. [43]
Dick's opened its first "House of Sport" concept stores in Victor, New York and Knoxville, Tennessee in 2021. [44] The stores are larger than Dick's flagship locations, sell higher-end gear and include features such as an outdoor turf field and track, climbing wall, batting cages, and a digital golf range. [45] Dick's also launched Public Lands in 2021, a chain of stores that focuses on outdoor recreation including camping, hiking, and biking. [46]
In 2022, Dick's Sporting Goods launched DSG Ventures, an investment fund worth $50 million. [47]
Dick's acquired Galyan's in July 2004. [48] The company agreed to purchase Golf Galaxy for $225 million in November 2006. [48] Dick's confirmed plans to close Golf Galaxy's headquarters in Eden Prairie, Minnesota in mid 2008. [49]
Dick's acquired Chick's Sporting Goods in November 2007 for $71 million. At the time, Chicks' operated 15 specialty sporting goods stores in Southern California. [50] [51]
Dick's purchased the San Diego-based sports management technology company Affinity Sports for an undisclosed amount in mid 2016. [33] In September, Dick's acquired Sports Authority's brand name and intellectual property. There were 450 Sports Authority locations at the time. [52]
Dick's acquired Golfsmith, the largest golf retailer in the United States, at a bankruptcy auction in October 2016. Dick's bid approximately $70 million for all of Golfsmith's intellectual property and inventory. The company planned to retain around 30 of Golfsmith's more than 100 locations, as well as 500 employees. [53] Dick's rebranded 36–38 Golfsmith stores in 16 U.S. states as Golf Galaxy in 2017. [54] This increased the number of Golf Galaxy stores to 98, located in 33 states. [55]
The company signed a 20-year naming rights agreement for Dick's Sporting Goods Park, a soccer-specific stadium for the Colorado Rapids team in Commerce City, Colorado, in 2006. [65] Dick's has sponsored the Pittsburgh Penguins and the team's home arena, PPG Paints Arena (formerly Consol Energy Center). [66]
Sporting events sponsored by Dick's have included the Dick's Sporting Goods Open and the Pittsburgh Marathon. [67] [68] Dick's began sponsoring ESPN's college football kickoff week in 2009. [69]
In 2015, the company sponsored Olympic and Paralympic athletes and hopefuls, and became the "official sporting goods retailer" for Team USA for the 2016 Summer Olympics and Paralympics. [70] Dick's and Team USA established the Ambassador Program and Contender's Program in partnership with the United States Olympic Committee, employing Olympians and prospective Olympic athletes. Dick's employed approximately 200 Team USA athletes competing in 35 different Olympic and Paralympic sports, as of March–July 2016. [71] [72] The athletes worked in 89 stores in 32 states. [73]
Dick's partnered with Carrie Underwood in 2015 to launch Calia, a fitness lifestyle line. [74]
In 2017, Dick's entered a multiyear partnership with the United States Youth Soccer Association to provide team management technology and sponsor the US Youth Soccer National Championships. [75] [76]
Since September 2021, Dick’s has been in a multi-year agreement to be the official retail partner of the WNBA. [77]
In 2021, Dick's collaborated with Nike and DeVonta Smith. [78] [79] In 2023, the company worked with the Boston Athletic Association, making Dick's the official sponsor of all of the association's events, including the 2023 Boston Marathon and associated events. [80] They also became the official sporting-goods retailer of the NCAA. [81] That same year, Dick's subsidiary GameChanger signed a deal with Major League Baseball to promote youth sports. [82]
In 2014, the Dick's Sporting Goods Foundation committed up to $2 million annually to fund youth sports via its Sports Matter program. [83] More than 170 million USD has been pledged for youth sports initiatives, benefiting hundreds of thousands of athletes, as of December 2023. [84] [85] The organization also launched an awareness campaign with Jon Gruden and Michael B. Jordan serving as spokespeople, and worked with director Judd Ehrlich to release We Could Be King, a documentary film about two Philadelphia high school football teams forced to merge due to lack of funding. [83] Following Hurricane Harvey and Hurricane Irma (2017), the foundation donated $2 million to youth sports facilities and program in affected areas, including $120,000 for Houston's reVision soccer team, composed of immigrants from Africa. [16] Dick's later featured the team in a documentary-style advertisement called reVision FC: A Holiday Assist. [16]
In 2019, the Dick's Sporting Goods Foundation launched a campaign to improve access to sports for one million children by 2024. [86]
Monroeville Mall is a shopping mall that is located in the municipality of Monroeville, Pennsylvania, east of Pittsburgh, Pennsylvania, United States. It is situated on heavily traveled U.S. Route 22 Business near the junction of Interstate 376 (I-376) and the Monroeville interchange of the Pennsylvania Turnpike. The mall features JCPenney, Dick's Sporting Goods, and Macy's, in addition to a Cinemark Theatres.
The Galleria at Pittsburgh Mills, or simply Pittsburgh Mills, is a super-regional shopping center northeast of Pittsburgh, Pennsylvania in Frazer Township, along PA Route 28 near its intersection with the Pennsylvania Turnpike. The mall is the second largest shopping complex in Western Pennsylvania, and the main retail center for the Allegheny Valley with 905,667 sq ft (84,139 m2) of retail space on 200 acres (0.8 km2). The grand opening of the mall portion of Pittsburgh Mills was on July 14, 2005.
Sports Authority, Inc. was an American sports retailer based in Englewood, Colorado. At its peak, Sports Authority operated 463 stores in 45 States and Puerto Rico. The company's website was on the GSI Commerce platform and supported the retail stores as well as other multi-channel programs. A joint venture with ÆON Co., Ltd., operates "Sports Authority" stores in Japan under a licensing agreement.
South Hills Village is a two-level shopping mall that is located in the Pittsburgh suburbs of Bethel Park and Upper St. Clair Township, Pennsylvania, United States. The mall features Macy's, Target, Dick's Sporting Goods, Barnes & Noble and a future Von Maur store in a space formerly occupied by Sears.
Southridge Mall is a regional shopping mall located in the Milwaukee County suburbs of Greendale and Greenfield, Wisconsin. At 1,177,783 square feet it is Wisconsin's second largest mall behind Mayfair Mall in Wauwatosa, tied with Fox River Mall in Appleton. The mall's anchor stores are TJ Maxx, Dick's Sporting Goods, Golf Galaxy, Macy's, JCPenney, and Round 1 Entertainment. There are 2 vacant anchor stores that were once Boston Store and Kohl's. Sears closed in September 2017, Kohl's relocated to a mixed use development on September 29, 2018, and Boston Store closed in Summer 2018 as parent company Bon-Ton went out of business. The former Sears was replaced by Dick's Sporting Goods, Golf Galaxy, Round 1 Entertainment, and TJ Maxx.
Galyan's Trading Company was an American sporting goods chain. It was founded in Plainfield, Indiana.
Scheels is an American privately held, employee-owned and operated sporting goods and entertainment chain store headquartered in Fargo, North Dakota. Scheels operates thirty-four store locations in sixteen U.S. states. Its slogan is "Gear. Passion. Sports."
Eastview Mall, located in Victor, New York, is a regional indoor shopping center owned and managed by Wilmorite Properties. The mall features JCPenney, Macy's, Von Maur, and Dick's House of Sports.
Cumberland Mall is a shopping mall in the Cumberland district of Metropolitan Atlanta near the suburbs of Smyrna and Vinings. It was the largest shopping mall in Georgia when it opened on August 8, 1973. The mall features the traditional retailers Macy's, Dick's Sporting Goods, Costco, in addition to Planet Fitness, and Round 1 Entertainment.
Modell's Sporting Goods Online, Inc. is an online sporting goods and related apparel retailer. Modell's began with operating retail stores between the late 1980s and the late 2010s. In 2020, Modell’s became a brand owned by the private equity firm Retail Ecommerce Ventures.
JD Sports Fashion plc, commonly known as JD Sports, JD or JD Group is a British sports-fashion retail company based in Bury, Greater Manchester, England. It is listed on the London Stock Exchange and is a constituent of the FTSE 100 Index. The Pentland Group owns 55% of the company.
G.I. Joe's was a privately owned retail chain for sporting goods, ready-to-wear clothing, and auto parts; that operated stores in the Pacific Northwest region of the northwestern United States.
William D. Modell was an American businessman who chaired the Modell's Sporting Goods retail chain.
MacGregor Golf is a sports equipment manufacturing company based in Albany, Georgia, which specializes in golf. MacGregor currently produces a wide range of golf clubs, bags, and accessories.
Edward W. Stack is an American billionaire businessman. In 1984, Stack took over as chairman and chief executive officer (CEO) of Dick's Sporting Goods, a sports equipment retailing company founded in 1948 by his father, Dick Stack. In February 2021, he was succeeded as CEO by Lauren Hobart.
Golfsmith International Holdings Inc. was an American golf specialty retailer based in Austin, Texas. Each store, along with golfsmith.com, housed a wide selection of golf clubs, shoes, apparel, gadgets and gear from all the major brands as well as proprietary offerings. They also offered custom club fitting, lessons and services for golfers.
McCandless Crossing is an open-air lifestyle center in McCandless, Pennsylvania, about 10 miles north of Pittsburgh. The $100 million development was completed in late 2016.
Field & Stream is a retailer of hunting, fishing, camping, and related outdoor recreation merchandise that is a subsidiary of Dick's Sporting Goods. The company's logo date of "1871" references the origination of Gordon & Ferguson Merchandising Company, who sold clothing under the brand "Field and Stream" starting in 1915. Dick's purchased licensing rights to the name from Gordon and Ferguson's successors in 2012.
Lauren Hobart is an American businesswoman, and has been the President and CEO of Dick's Sporting Goods since February 2021.
A sporting goods retailer or sporting goods store is a retail business selling sporting and recreational goods, including sportswear, sporting equipment and related general merchandise.
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