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Dick's Sporting Goods

June 29, 2023

Dick's Sporting Goods, Inc. (stylized as "DICK'S Sporting Goods") is an American sporting goods retail company, based in Coraopolis, Pennsylvania. The company was established by Richard "Dick" Stack in 1948, and has approximately 854 stores and 50,100 employees. Dick's is America's largest sporting goods retailer, and it is listed on the Fortune 500.[5]

Dick's Sporting Goods, Inc.
Exterior of a store in Manchester, Connecticut, in 2014 (store #295). This store closed in November 2021 and was replaced by a new location (store #1519) nearby.
TypePublic
IndustryRetail
Founded1948; 75 years ago (1948) in Binghamton, New York, U.S.
FounderRichard "Dick" Stack
Headquarters
Coraopolis, Pennsylvania
,
U.S.
Number of locations
854[1] (2020)
Key people
Revenue US$9.584 billion (2020)[1]
US$741.47 million (2020)[1]
US$530.25 million (2020)[1]
Total assets US$7.752 billion (2020)[1]
Total equity US$2.339 billion (2020)[1]
Number of employees
50,100 (2021)
Subsidiaries
Websitedickssportinggoods.com

Company overview

Dick's is the largest sporting goods retail company in the United States,[6] with approximately 854 stores,[7] as of 2020.[8] The public company is based in Coraopolis, Pennsylvania,[9] outside Pittsburgh, and has approximately 50,100 employees, as of March 2020.[10] The company's subsidiaries include Field & Stream, Golf Galaxy, and Public Lands, and, previously, Chelsea Collective and True Runner.[11][12] In 2017, there were 690 Dick's stores, close to 100 Golf Galaxy locations, and approximately 30 Field & Stream stores.[13] The company launched Team Sports HQ, a collection of digital products, following the acquisitions of Affinity Sports, Blue Sombrero, and GameChanger.[14]

Edward W. Stack serves as executive chairman.[15] Lauren Hobart is president and chief executive officer of the company[16] and Lee Belitsky is chief financial officer, as of 2018.[17] Hobart succeeded Edward W. Stack as CEO on February 1, 2021, becoming the company's first female CEO.[18][19]

History

Richard "Dick" Stack started the company as a fishing tackle store in Binghamton, New York, in 1948.[20] He began with a $300 loan from his grandmother.[21]

Edward W. Stack and his siblings purchased Dick's from their father in the early 1980s,[22] when the company had two locations in Upstate New York.[23] Stack established a board of directors, opened additional stores, and relocated the company's headquarters to Pittsburgh in 1994.[24] 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.[25]

Dick's operated primarily throughout the Eastern United States, up to 2009, and has since expanded to the Pacific Northwest and West Coast.[26] There were more than 357 Dick's stores in 38 states, as of mid 2008.[27]

In 2012, the company opened three True Runner stores targeting runners in Boston, the St. Louis suburb Brentwood, and Pittsburgh's Shadyside neighborhood.[28][29] The stores closed in early 2017.[30]

Dick's launched the women's athleisure, fitness, and lifestyle store Chelsea Collective in 2015,[31] opening two stores in Pittsburgh and Tysons, Virginia,[32] in the Washington, D.C. metro area. The shops closed in 2017.[33]

The company launched Dick's Team Sports HQ in early 2016, offering youth sports teams websites, uniforms, and sponsorship options.[34]

Dick's opened its first Field & Stream store in Cranberry Township, a suburb of Pittsburgh, in 2013.[35] Thirty-five Field & Stream stores are open across the country, as of 2018.[36] Jason Aldean became the Field & Stream brand's first spokesperson in August 2016.[37]

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.[8][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.[38][39] Dick's has never carried bump stocks.[8]

The company currently operates five distribution centers.[40] The most recent, in Conklin in Southern Tier, New York opened in January 2018,[41] and was further expanded to fulfill online sales a few months later.[9]

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]

Acquisitions

Dick's acquired Galyan's in July 2004.[47] The company agreed to purchase Golf Galaxy for $225 million in November 2006.[47] Dick's confirmed plans to close Golf Galaxy's headquarters in Eden Prairie, Minnesota in mid 2008.[48]

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.[49] [50]

Dick's purchased the San Diego-based sports management technology company Affinity Sports for an undisclosed amount in mid 2016.[34] In September, Dick's acquired Sports Authority's brand name and intellectual property. There were 450 Sports Authority locations at the time.[51]

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.[52] Dick's rebranded 36–38 Golfsmith stores in 16 U.S. states as Golf Galaxy in 2017.[53] This increased the number of Golf Galaxy stores to 98, located in 33 states.[54]

Lawsuits and legal proceedings

  • In July 1971, Dick's was told of infringing a patent owned by Furnace Brook, LLC, in a lawsuit filed in the Northern District of Illinois.[55]
  • On March 31, 2005, the company restated the first three fiscal quarters of 2004 as well as full-year figures due to adjustments to its accounting for leases and tenant or construction allowances.[56]
  • In June 2009, Dick's was accused of infringing a patent owned by The Donkey Company, Inc., in a lawsuit filed in District Court for the District of New Jersey.[57]
  • In February 2014, Dick's brought a lawsuit against Modell's Sporting Goods CEO, Mitchell Modell (who featured on an episode of Undercover Boss in 2012), for going undercover into one of their stores to gain access to retail secrets.[58] The lawsuit was settled out of court by April for undisclosed terms. Independent analysts suggested that Modell visited the store on a whim, rather than as part of some plot to steal information.[59]
  • In 2018, Dick's was sued for age discrimination by at least two people for no longer selling long guns to 18-20 year olds where legal.[60][61] One case was settled in November 2018; details of the settlement are confidential, but it did not directly result in any changes to the retailer's policies.[62] The second case was reported as "resolved" by an attorney for the plaintiff in late 2018 without disclosing details of any settlement.[63]

Partnerships and sponsorships

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.[64] Dick's has sponsored the Pittsburgh Penguins and the team's home arena, PPG Paints Arena (formerly Consol Energy Center).[65]

Sporting events sponsored by Dick's have included the Dick's Sporting Goods Open and the Pittsburgh Marathon.[66][67] Dick's began sponsoring ESPN's college football kickoff week in 2009.[68]

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.[69] 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.[70][71] The athletes worked in 89 stores in 32 states.[72]

Dick's partnered with Carrie Underwood in 2015 to launch Calia, a fitness lifestyle line.[73]

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.[74][75]

Since September of 2021, Dick’s has been in a multi-year agreement to be the official retail partner of the WNBA.[76]

Dick's Sporting Goods Foundation

In 2014, the Dick's Sporting Goods Foundation committed up to $2 million annually to fund youth sports via its Sports Matter program.[77] More than 145 million USD has been pledged for youth sports initiatives, benefiting hundreds of thousands of athletes, as of December 2020.[78] 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.[77] 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.[79]

References

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  6. ^ Mosendz, Polly; Townsend, Matt (May 3, 2018). "Dick's Sporting Goods ramps up gun control push, hires lobbyist". The Denver Post. Digital First Media. ISSN 1930-2193. Retrieved June 27, 2018 – via Bloomberg L.P.
  7. ^ SEC. "Dick's Sporting Goods, Inc. 2021 Annual Report 10-K". SEC.report. Retrieved August 5, 2021.
  8. ^ a b c Isidore, Chris (February 28, 2018). "Dick's Sporting Goods will stop selling assault-style rifles". CNNMoney. AT&T. Retrieved June 27, 2018.
  9. ^ a b "New Dick's Sporting Goods facility to expand, add jobs". The Seattle Times. Associated Press. April 25, 2018. ISSN 0745-9696. OCLC 9198928. Retrieved July 2, 2018.
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  12. ^ a b Caplan, David; Kindelan, Katie (February 28, 2018). "Dick's Sporting Goods CEO on decision to no longer sell assault-style rifles: 'We don't want to be a part of this story'". ABC News. Retrieved June 27, 2018.
  13. ^ "Dick's Sporting Goods cutting over 100 jobs; shares tumble as sales fall short". Pittsburgh Tribune-Review. May 16, 2017. Retrieved July 4, 2018.
  14. ^ Ha, Anthony (November 28, 2016). "Dick's Sporting Goods acquires mobile scorekeeping company GameChanger Media". TechCrunch. Retrieved July 18, 2018.
  15. ^ "Edward Stack". Forbes. ISSN 0015-6914. Retrieved June 7, 2018.
  16. ^ a b c Rittenhouse, Lindsay (December 13, 2017). "Dick's Sporting Goods Funds a Youth Immigrant Soccer Team in This Emotional Holiday Spot". Adweek. ISSN 0199-2864. Retrieved July 2, 2018.
  17. ^ Smith, Aaron (May 30, 2018). "Dick's soaring sales prove it can succeed without assault rifles". CNNMoney. Retrieved June 27, 2018.
  18. ^ Tascarella, Patty. "Dick's Sporting Goods elevates Lauren Hobart to CEO". Pittsburgh Business Times. American City Business Journals. from the original on November 24, 2020. Retrieved August 5, 2021.
  19. ^ "Dick's Sporting Goods CEO Ed Stack Stepping Down After 36 Years". CBS Local Pittsburgh. November 25, 2020. Retrieved December 1, 2020.
  20. ^ Begley, Sarah (February 28, 2018). "What to Know about Edward Stack, the CEO of Dick's Sporting Goods". Time. ISSN 0040-781X. OCLC 1311479. Retrieved June 7, 2018.
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  23. ^ "Dick's Sporting Goods to open at Crossroads Bellevue". Bellevue Reporter. Black Press. October 20, 2017. Retrieved June 7, 2018.
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  25. ^ Townsend, Matt (May 30, 2018). . Chicago Tribune. Tronc. ISSN 1085-6706. OCLC 60639020. Archived from the original on June 17, 2018. Retrieved June 27, 2018 – via Bloomberg L.P.
  26. ^ Martinez, Amy (October 29, 2009). "Dick's Sporting Goods expanding to Washington". The Seattle Times. Retrieved July 2, 2018.
  27. ^ Nguyen, Hang (October 2, 2008). "Chick's Sporting Goods store converts to Dick's — its first in CA". Orange County Register. Digital First Media. ISSN 0886-4934. OCLC 12199155. Retrieved July 4, 2018.
  28. ^ Kumar, Kavita (August 24, 2012). "New running specialty store, True Runner, coming to Brentwood Square". St. Louis Post-Dispatch. Lee Enterprises. ISSN 1930-9600. OCLC 1764810. Retrieved July 2, 2018.
  29. ^ Leonard, Kim (January 30, 2013). "Dick's to start Field & Stream outdoor equipment store". Pittsburgh Tribune-Review. Retrieved July 4, 2018.
  30. ^ Schooley, Tim (January 13, 2017). "Exclusive: True Runner to close in Shadyside". Pittsburgh Business Times. Retrieved July 4, 2018.
  31. ^ Fleisher, Chris (July 20, 2015). "Dick's Sporting Goods to open women's fitness, lifestyle boutiques". Pittsburgh Tribune-Review. Retrieved July 4, 2018.
  32. ^ Cooper, Rebecca (July 20, 2015). "Dick's Sporting Goods rolls out new national brand in Tysons Corner". Washington Business Journal. Retrieved July 4, 2018.
  33. ^ Ritenbaugh, Stephanie (July 17, 2017). "Dick's Sporting Goods prototype Chelsea Collective closing up shops". Pittsburgh Post-Gazette. Retrieved July 4, 2018.
  34. ^ a b Adamek, Steve (August 21, 2016). "Dick's Sporting Goods Acquires San Diego-Based Affinity Sports". San Diego Business Journal. ISSN 8750-6890. Retrieved July 2, 2018.
  35. ^ Schooley, Tim (August 20, 2013). "Field & Stream store best ever opening for Dick's Sporting Goods". Pittsburgh Business Times. Retrieved September 5, 2018.
  36. ^ Gartland, Dan (February 28, 2018). "Dick's Sporting Goods Ends Sale of Assault-Style Rifles After Florida School Shooting". Sports Illustrated. Retrieved September 5, 2018.
  37. ^ Pasquarelli, Adrianne (August 22, 2016). "Dick's Sporting Goods Taps Jason Aldean in New Campaign". Advertising Age. Retrieved July 2, 2018.
  38. ^ Popken, Ben (February 28, 2018). "Dick's Sporting Goods will stop selling assault-style rifles, Walmart raising age for gun sales". NBC News. Retrieved June 27, 2018.
  39. ^ "Walmart Joins Dick's Sporting Goods in Tighter Limits on Gun Sales". NPR. February 28, 2018. Retrieved June 27, 2018.
  40. ^ Platsky, Jeff (March 13, 2018). "Conklin center plays large role in Dick's online growth strategy". Press & Sun-Bulletin. Retrieved September 5, 2018.
  41. ^ Platsky, Jeff (January 25, 2018). "Dick's Sporting Goods CEO Ed Stack: 'We're going to be a winner'". Press & Sun-Bulletin. Retrieved July 2, 2018.
  42. ^ Tascarella, Patty (August 1, 2019). "Dick's Sporting Goods debuts private label line". www.bizjournals.com. Retrieved August 18, 2021.
  43. ^ Salpini, Cara (April 30, 2021). "Dick's builds out brand ambassador roster for private labels". Retail Dive. from the original on April 30, 2021. Retrieved August 18, 2021.
  44. ^ Yoder, Jake. "It's game time! Climb the rock wall or swing for the fences at new Dick's House of Sport". Knoxville News Sentinel. Retrieved August 18, 2021.
  45. ^ "Dick's Sporting Goods 'House of Sport' opens in Rochester area". wgrz.com. Retrieved August 18, 2021.
  46. ^ Phil, Wahba (June 4, 2021). "Dick's is launching Public Lands chain in outdoors bet". Fortune. from the original on June 4, 2021. Retrieved August 18, 2021.
  47. ^ a b "Dick's pays $225 million to acquire Golf Galaxy". The Denver Post. November 14, 2006. Retrieved July 2, 2018 – via Bloomberg News.
  48. ^ Phelps, David (July 7, 2008). "Golf Galaxy chain to lose its head office". Star Tribune. OCLC 43369847. Retrieved July 2, 2018.
  49. ^ "Dick's Sporting Goods Agrees to Acquire Chick's Sporting Goods". outsidebusinessjournal.com. Retrieved May 31, 2023.
  50. ^ Rovell, Darren. "Dick's Buys Chick's!". cnbc.com. Retrieved May 31, 2023.
  51. ^ La Monica, Paul R. (September 19, 2016). "Dick's Sporting Goods Is America's hottest retailer". CNNMoney. Retrieved July 2, 2018.
  52. ^ Stachura, Mike (October 21, 2016). "Reuters: Dick's Sporting Goods buys up Golfsmith stores at bankruptcy auction". Golf Digest. ISSN 0017-176X. Retrieved July 2, 2018.
  53. ^ Schooley, Tim (May 2, 2017). "Triad Golfsmith store rebranded as Golf Galaxy". Triad Business Journal. Retrieved July 2, 2018.
  54. ^ Dinges, Gary (May 15, 2017). "With Golfsmith's demise, Golf Galaxy steps into void". Austin American-Statesman. GateHouse Media. ISSN 1553-8451. Retrieved July 2, 2018.
  55. ^ "Furnace Brook LLC v. Aeropostale, Inc. et al". Dockets.justia.com. Retrieved December 1, 2012.
  56. ^ "Dick's Sporting Goods Announces Completion Of Review Of Acctg For Leases And Construction Allowances". Phx.corporate-ir.net. Archived from the original on September 30, 2013. Retrieved September 4, 2016.
  57. ^ "The Turtle Company Inc. V. Pro Specialities Group Inc. Et Al". Dockets.justia.com. June 29, 2009. Retrieved December 1, 2012.
  58. ^ ABC News (March 5, 2014). "Dick's Sporting Goods Accuses Rival Modell's of Spying". ABC News.
  59. ^ Verdon, Joan (April 13, 2014). . The Bergen Record. NorthJersey.com. Archived from the original on October 17, 2016. Retrieved October 17, 2014.
  60. ^ EST, Maria Perez On 3/6/18 at 11:49 AM (March 6, 2018). "A 20-year-old from Oregon is suing Walmart and Dick's Sporting Goods for denying him a rifle". Newsweek. Retrieved June 5, 2019.
  61. ^ "18-year-old sues Dick's Sporting Goods in second-known gun policy lawsuit". WLTX. Retrieved June 5, 2019.
  62. ^ "Dick's Sporting Goods Settles Lawsuit over Gun Sale Age Restrictions".
  63. ^ Sherfinski, David (December 30, 2018). "Stores increasing age requirement to buy guns raises legal questions". The Washington Times.
  64. ^ Vuong, Andy (November 8, 2006). "Kroenke extols stadium deal". The Denver Post. Retrieved July 3, 2018.
  65. ^ Muret, Don (July 12, 2010). "Penguins add five new sponsors for Consol Energy Center". Pittsburgh Business Times. Retrieved July 3, 2018.
  66. ^ Herrington, Ryan. "Dick's Sporting Goods Open champ Scott McCarron is becoming a senior force after winning third title of 2017". Golf Digest. Retrieved July 2, 2018.
  67. ^ "Photos: Dick's Sporting Goods Pittsburgh Marathon". Pittsburgh Business Times. May 9, 2018. Retrieved July 2, 2018.
  68. ^ Rovell, Darren (July 24, 2009). "New Roethlisberger Spot Will Continue To Air". CNBC. Retrieved July 3, 2018.
  69. ^ Mamula, Kris B. (February 10, 2015). "Dick's in sponsorship deal with United States Olympic Committee". Pittsburgh Business Times. Retrieved July 3, 2018.
  70. ^ Pasquarelli, Adrianne (March 4, 2016). "Dicks Kicks Off its Olympics Marketing with New Spot". Advertising Age. Retrieved July 3, 2018.
  71. ^ Wattles, Jackie (July 20, 2016). "Olympic contenders get help clearing financial bar from sporting goods chain". CNNMoney. Retrieved July 3, 2018.
  72. ^ Knowlton, Emmett (March 17, 2016). "Sporting goods company gives hundreds of Olympic hopefuls one of their most-basic needs — a job". Business Insider. Retrieved July 3, 2018.
  73. ^ Kell, John (March 3, 2015). "Carrie Underwood is the newest threat to Adidas". Fortune. Retrieved September 5, 2018.
  74. ^ Carp, Sam (June 2, 2017). "Dick's Sporting Goods teams up with US Youth Soccer". SportsPro. Retrieved July 7, 2021.
  75. ^ Martin, Brandon (December 8, 2020). "Former Sooner Blake Griffin gifts athletic gear to boxing gym in Detroit". KOKH. Retrieved August 20, 2021.
  76. ^ "DICK'S SPORTING GOODS BECOMES OFFICIAL SPORTING GOODS RETAIL PARTNER OF THE WNBA". WNBA.com - Official Site of the WNBA. Retrieved May 13, 2022.
  77. ^ a b "Dick's Sporting Goods Foundation Launches $25 Million Youth Sports Initiative". Philanthropy News Digest. Foundation Center. March 12, 2014. Retrieved July 2, 2018.
  78. ^ "Gruden aids 4 youth football programs in Oakland area". USA Today. Associated Press. July 18, 2018. Retrieved July 18, 2018.
  79. ^ LoRé, Michael. "Dick's Sporting Goods Pledges To Give 1 Million Children Access To Sports". Forbes. Retrieved August 20, 2021.

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June 29, 2023
dick, sporting, goods, this, article, have, been, created, edited, return, undisclosed, payments, violation, wikipedia, terms, require, cleanup, comply, with, wikipedia, content, policies, particularly, neutral, point, view, september, 2022, stylized, dick, sp. This article may have been created or edited in return for undisclosed payments a violation of Wikipedia s terms of use It may require cleanup to comply with Wikipedia s content policies particularly neutral point of view September 2022 Dick s Sporting Goods Inc stylized as DICK S Sporting Goods is an American sporting goods retail company based in Coraopolis Pennsylvania The company was established by Richard Dick Stack in 1948 and has approximately 854 stores and 50 100 employees Dick s is America s largest sporting goods retailer and it is listed on the Fortune 500 5 Dick s Sporting Goods Inc Exterior of a store in Manchester Connecticut in 2014 store 295 This store closed in November 2021 and was replaced by a new location store 1519 nearby TypePublicTraded asNYSE DKSS amp P 400 componentIndustryRetailFounded1948 75 years ago 1948 in Binghamton New York U S FounderRichard Dick StackHeadquartersCoraopolis Pennsylvania U S Number of locations854 1 2020 Key peopleLauren Hobart President and CEO 2 Edward W Stack Executive Chairman 3 Lee J Belitsky CFO Vlad Rak CTO 4 RevenueUS 9 584 billion 2020 1 Operating incomeUS 741 47 million 2020 1 Net incomeUS 530 25 million 2020 1 Total assetsUS 7 752 billion 2020 1 Total equityUS 2 339 billion 2020 1 Number of employees50 100 2021 SubsidiariesField amp Stream Golf Galaxy Public LandsWebsitedickssportinggoods com Contents 1 Company overview 2 History 2 1 Acquisitions 2 2 Lawsuits and legal proceedings 3 Partnerships and sponsorships 4 Dick s Sporting Goods Foundation 5 References 6 External linksCompany overviewDick s is the largest sporting goods retail company in the United States 6 with approximately 854 stores 7 as of 2020 8 The public company is based in Coraopolis Pennsylvania 9 outside Pittsburgh and has approximately 50 100 employees as of March 2020 10 The company s subsidiaries include Field amp Stream Golf Galaxy and Public Lands and previously Chelsea Collective and True Runner 11 12 In 2017 there were 690 Dick s stores close to 100 Golf Galaxy locations and approximately 30 Field amp Stream stores 13 The company launched Team Sports HQ a collection of digital products following the acquisitions of Affinity Sports Blue Sombrero and GameChanger 14 Edward W Stack serves as executive chairman 15 Lauren Hobart is president and chief executive officer of the company 16 and Lee Belitsky is chief financial officer as of 2018 17 Hobart succeeded Edward W Stack as CEO on February 1 2021 becoming the company s first female CEO 18 19 HistoryRichard Dick Stack started the company as a fishing tackle store in Binghamton New York in 1948 20 He began with a 300 loan from his grandmother 21 Edward W Stack and his siblings purchased Dick s from their father in the early 1980s 22 when the company had two locations in Upstate New York 23 Stack established a board of directors opened additional stores and relocated the company s headquarters to Pittsburgh in 1994 24 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 25 Dick s operated primarily throughout the Eastern United States up to 2009 and has since expanded to the Pacific Northwest and West Coast 26 There were more than 357 Dick s stores in 38 states as of mid 2008 27 In 2012 the company opened three True Runner stores targeting runners in Boston the St Louis suburb Brentwood and Pittsburgh s Shadyside neighborhood 28 29 The stores closed in early 2017 30 Dick s launched the women s athleisure fitness and lifestyle store Chelsea Collective in 2015 31 opening two stores in Pittsburgh and Tysons Virginia 32 in the Washington D C metro area The shops closed in 2017 33 The company launched Dick s Team Sports HQ in early 2016 offering youth sports teams websites uniforms and sponsorship options 34 Dick s opened its first Field amp Stream store in Cranberry Township a suburb of Pittsburgh in 2013 35 Thirty five Field amp Stream stores are open across the country as of 2018 36 Jason Aldean became the Field amp Stream brand s first spokesperson in August 2016 37 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 8 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 amp Stream locations 38 39 Dick s has never carried bump stocks 8 The company currently operates five distribution centers 40 The most recent in Conklin in Southern Tier New York opened in January 2018 41 and was further expanded to fulfill online sales a few months later 9 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 Acquisitions Dick s acquired Galyan s in July 2004 47 The company agreed to purchase Golf Galaxy for 225 million in November 2006 47 Dick s confirmed plans to close Golf Galaxy s headquarters in Eden Prairie Minnesota in mid 2008 48 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 49 50 Dick s purchased the San Diego based sports management technology company Affinity Sports for an undisclosed amount in mid 2016 34 In September Dick s acquired Sports Authority s brand name and intellectual property There were 450 Sports Authority locations at the time 51 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 52 Dick s rebranded 36 38 Golfsmith stores in 16 U S states as Golf Galaxy in 2017 53 This increased the number of Golf Galaxy stores to 98 located in 33 states 54 Lawsuits and legal proceedings In July 1971 Dick s was told of infringing a patent owned by Furnace Brook LLC in a lawsuit filed in the Northern District of Illinois 55 On March 31 2005 the company restated the first three fiscal quarters of 2004 as well as full year figures due to adjustments to its accounting for leases and tenant or construction allowances 56 In June 2009 Dick s was accused of infringing a patent owned by The Donkey Company Inc in a lawsuit filed in District Court for the District of New Jersey 57 In February 2014 Dick s brought a lawsuit against Modell s Sporting Goods CEO Mitchell Modell who featured on an episode of Undercover Boss in 2012 for going undercover into one of their stores to gain access to retail secrets 58 The lawsuit was settled out of court by April for undisclosed terms Independent analysts suggested that Modell visited the store on a whim rather than as part of some plot to steal information 59 In 2018 Dick s was sued for age discrimination by at least two people for no longer selling long guns to 18 20 year olds where legal 60 61 One case was settled in November 2018 details of the settlement are confidential but it did not directly result in any changes to the retailer s policies 62 The second case was reported as resolved by an attorney for the plaintiff in late 2018 without disclosing details of any settlement 63 Partnerships and sponsorshipsThe 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 64 Dick s has sponsored the Pittsburgh Penguins and the team s home arena PPG Paints Arena formerly Consol Energy Center 65 Sporting events sponsored by Dick s have included the Dick s Sporting Goods Open and the Pittsburgh Marathon 66 67 Dick s began sponsoring ESPN s college football kickoff week in 2009 68 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 69 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 70 71 The athletes worked in 89 stores in 32 states 72 Dick s partnered with Carrie Underwood in 2015 to launch Calia a fitness lifestyle line 73 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 74 75 Since September of 2021 Dick s has been in a multi year agreement to be the official retail partner of the WNBA 76 Dick s Sporting Goods FoundationIn 2014 the Dick s Sporting Goods Foundation committed up to 2 million annually to fund youth sports via its Sports Matter program 77 More than 145 million USD has been pledged for youth sports initiatives benefiting hundreds of thousands of athletes as of December 2020 78 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 77 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 79 References a b c d e f Form 10 K U S Securities and Exchange Commission Retrieved August 5 2021 Management Dick s Sporting Goods Retrieved July 19 2020 Management Dick s Sporting Goods Retrieved July 19 2020 Management Dick s Sporting Goods Retrieved July 19 2020 Dick s Sporting Goods Fortune Retrieved December 9 2018 Mosendz Polly Townsend Matt May 3 2018 Dick s Sporting Goods ramps up gun control push hires lobbyist The Denver Post Digital First Media ISSN 1930 2193 Retrieved June 27 2018 via Bloomberg L P SEC Dick s Sporting Goods Inc 2021 Annual Report 10 K SEC report Retrieved August 5 2021 a b c Isidore Chris February 28 2018 Dick s Sporting Goods will stop selling assault style rifles CNNMoney AT amp T Retrieved June 27 2018 a b New Dick s Sporting Goods facility to expand add jobs The Seattle Times Associated Press April 25 2018 ISSN 0745 9696 OCLC 9198928 Retrieved July 2 2018 340 Dick s Sporting Goods Fortune ISSN 0015 8259 Retrieved June 27 2018 Dick s Sporting Goods latest record quarter prompts special dividend www bizjournals com Archived from the original on August 26 2021 Retrieved September 14 2021 a b Caplan David Kindelan Katie February 28 2018 Dick s Sporting Goods CEO on decision to no longer sell assault style rifles We don t want to be a part of this story ABC News Retrieved June 27 2018 Dick s Sporting Goods cutting over 100 jobs shares tumble as sales fall short Pittsburgh Tribune Review May 16 2017 Retrieved July 4 2018 Ha Anthony November 28 2016 Dick s Sporting Goods acquires mobile scorekeeping company GameChanger Media TechCrunch Retrieved July 18 2018 Edward Stack Forbes ISSN 0015 6914 Retrieved June 7 2018 a b c Rittenhouse Lindsay December 13 2017 Dick s Sporting Goods Funds a Youth Immigrant Soccer Team in This Emotional Holiday Spot Adweek ISSN 0199 2864 Retrieved July 2 2018 Smith Aaron May 30 2018 Dick s soaring sales prove it can succeed without assault rifles CNNMoney Retrieved June 27 2018 Tascarella Patty Dick s Sporting Goods elevates Lauren Hobart to CEO Pittsburgh Business Times American City Business Journals Archived from the original on November 24 2020 Retrieved August 5 2021 Dick s Sporting Goods CEO Ed Stack Stepping Down After 36 Years CBS Local Pittsburgh November 25 2020 Retrieved December 1 2020 Begley Sarah February 28 2018 What to Know about Edward Stack the CEO of Dick s Sporting Goods Time ISSN 0040 781X OCLC 1311479 Retrieved June 7 2018 Graham Sherry January 13 2002 Dick s Sporting Goods will come to Rock Road Wichita Business Journal Retrieved July 6 2018 Platsky Jeff February 28 2018 In the national spotlight Ed Stack s roots are in Binghamton Press amp Sun Bulletin Gannett Company ISSN 0886 8816 OCLC 12636926 Retrieved June 7 2018 Dick s Sporting Goods to open at Crossroads Bellevue Bellevue Reporter Black Press October 20 2017 Retrieved June 7 2018 LaWell Carolyn October 27 2010 Ed Stack stays close to his business to make Dick s Sporting Goods better Smart Business Retrieved June 7 2018 Townsend Matt May 30 2018 Dick s Sporting Goods stock spikes 28 percent as earnings guidance outweighs gun controversy Chicago Tribune Tronc ISSN 1085 6706 OCLC 60639020 Archived from the original on June 17 2018 Retrieved June 27 2018 via Bloomberg L P Martinez Amy October 29 2009 Dick s Sporting Goods expanding to Washington The Seattle Times Retrieved July 2 2018 Nguyen Hang October 2 2008 Chick s Sporting Goods store converts to Dick s its first in CA Orange County Register Digital First Media ISSN 0886 4934 OCLC 12199155 Retrieved July 4 2018 Kumar Kavita August 24 2012 New running specialty store True Runner coming to Brentwood Square St Louis Post Dispatch Lee Enterprises ISSN 1930 9600 OCLC 1764810 Retrieved July 2 2018 Leonard Kim January 30 2013 Dick s to start Field amp Stream outdoor equipment store Pittsburgh Tribune Review Retrieved July 4 2018 Schooley Tim January 13 2017 Exclusive True Runner to close in Shadyside Pittsburgh Business Times Retrieved July 4 2018 Fleisher Chris July 20 2015 Dick s Sporting Goods to open women s fitness lifestyle boutiques Pittsburgh Tribune Review Retrieved July 4 2018 Cooper Rebecca July 20 2015 Dick s Sporting Goods rolls out new national brand in Tysons Corner Washington Business Journal Retrieved July 4 2018 Ritenbaugh Stephanie July 17 2017 Dick s Sporting Goods prototype Chelsea Collective closing up shops Pittsburgh Post Gazette Retrieved July 4 2018 a b Adamek Steve August 21 2016 Dick s Sporting Goods Acquires San Diego Based Affinity Sports San Diego Business Journal ISSN 8750 6890 Retrieved July 2 2018 Schooley Tim August 20 2013 Field amp Stream store best ever opening for Dick s Sporting Goods Pittsburgh Business Times Retrieved September 5 2018 Gartland Dan February 28 2018 Dick s Sporting Goods Ends Sale of Assault Style Rifles After Florida School Shooting Sports Illustrated Retrieved September 5 2018 Pasquarelli Adrianne August 22 2016 Dick s Sporting Goods Taps Jason Aldean in New Campaign Advertising Age Retrieved July 2 2018 Popken Ben February 28 2018 Dick s Sporting Goods will stop selling assault style rifles Walmart raising age for gun sales NBC News Retrieved June 27 2018 Walmart Joins Dick s Sporting Goods in Tighter Limits on Gun Sales NPR February 28 2018 Retrieved June 27 2018 Platsky Jeff March 13 2018 Conklin center plays large role in Dick s online growth strategy Press amp Sun Bulletin Retrieved September 5 2018 Platsky Jeff January 25 2018 Dick s Sporting Goods CEO Ed Stack We re going to be a winner Press amp Sun Bulletin Retrieved July 2 2018 Tascarella Patty August 1 2019 Dick s Sporting Goods debuts private label line www bizjournals com Retrieved August 18 2021 Salpini Cara April 30 2021 Dick s builds out brand ambassador roster for private labels Retail Dive Archived from the original on April 30 2021 Retrieved August 18 2021 Yoder Jake It s game time Climb the rock wall or swing for the fences at new Dick s House of Sport Knoxville News Sentinel Retrieved August 18 2021 Dick s Sporting Goods House of Sport opens in Rochester area wgrz com Retrieved August 18 2021 Phil Wahba June 4 2021 Dick s is launching Public Lands chain in outdoors bet Fortune Archived from the original on June 4 2021 Retrieved August 18 2021 a b Dick s pays 225 million to acquire Golf Galaxy The Denver Post November 14 2006 Retrieved July 2 2018 via Bloomberg News Phelps David July 7 2008 Golf Galaxy chain to lose its head office Star Tribune OCLC 43369847 Retrieved July 2 2018 Dick s Sporting Goods Agrees to Acquire Chick s Sporting Goods outsidebusinessjournal com Retrieved May 31 2023 Rovell Darren Dick s Buys Chick s cnbc com Retrieved May 31 2023 La Monica Paul R September 19 2016 Dick s Sporting Goods Is America s hottest retailer CNNMoney Retrieved July 2 2018 Stachura Mike October 21 2016 Reuters Dick s Sporting Goods buys up Golfsmith stores at bankruptcy auction Golf Digest ISSN 0017 176X Retrieved July 2 2018 Schooley Tim May 2 2017 Triad Golfsmith store rebranded as Golf Galaxy Triad Business Journal Retrieved July 2 2018 Dinges Gary May 15 2017 With Golfsmith s demise Golf Galaxy steps into void Austin American Statesman GateHouse Media ISSN 1553 8451 Retrieved July 2 2018 Furnace Brook LLC v Aeropostale Inc et al Dockets justia com Retrieved December 1 2012 Dick s Sporting Goods Announces Completion Of Review Of Acctg For Leases And Construction Allowances Phx corporate ir net Archived from the original on September 30 2013 Retrieved September 4 2016 The Turtle Company Inc V Pro Specialities Group Inc Et Al Dockets justia com June 29 2009 Retrieved December 1 2012 ABC News March 5 2014 Dick s Sporting Goods Accuses Rival Modell s of Spying ABC News Verdon Joan April 13 2014 Settlement in Mitch Modell spy case The Bergen Record NorthJersey com Archived from the original on October 17 2016 Retrieved October 17 2014 EST Maria Perez On 3 6 18 at 11 49 AM March 6 2018 A 20 year old from Oregon is suing Walmart and Dick s Sporting Goods for denying him a rifle Newsweek Retrieved June 5 2019 18 year old sues Dick s Sporting Goods in second known gun policy lawsuit WLTX Retrieved June 5 2019 Dick s Sporting Goods Settles Lawsuit over Gun Sale Age Restrictions Sherfinski David December 30 2018 Stores increasing age requirement to buy guns raises legal questions The Washington Times Vuong Andy November 8 2006 Kroenke extols stadium deal The Denver Post Retrieved July 3 2018 Muret Don July 12 2010 Penguins add five new sponsors for Consol Energy Center Pittsburgh Business Times Retrieved July 3 2018 Herrington Ryan Dick s Sporting Goods Open champ Scott McCarron is becoming a senior force after winning third title of 2017 Golf Digest Retrieved July 2 2018 Photos Dick s Sporting Goods Pittsburgh Marathon Pittsburgh Business Times May 9 2018 Retrieved July 2 2018 Rovell Darren July 24 2009 New Roethlisberger Spot Will Continue To Air CNBC Retrieved July 3 2018 Mamula Kris B February 10 2015 Dick s in sponsorship deal with United States Olympic Committee Pittsburgh Business Times Retrieved July 3 2018 Pasquarelli Adrianne March 4 2016 Dicks Kicks Off its Olympics Marketing with New Spot Advertising Age Retrieved July 3 2018 Wattles Jackie July 20 2016 Olympic contenders get help clearing financial bar from sporting goods chain CNNMoney Retrieved July 3 2018 Knowlton Emmett March 17 2016 Sporting goods company gives hundreds of Olympic hopefuls one of their most basic needs a job Business Insider Retrieved July 3 2018 Kell John March 3 2015 Carrie Underwood is the newest threat to Adidas Fortune Retrieved September 5 2018 Carp Sam June 2 2017 Dick s Sporting Goods teams up with US Youth Soccer SportsPro Retrieved July 7 2021 Martin Brandon December 8 2020 Former Sooner Blake Griffin gifts athletic gear to boxing gym in Detroit KOKH Retrieved August 20 2021 DICK S SPORTING GOODS BECOMES OFFICIAL SPORTING GOODS RETAIL PARTNER OF THE WNBA WNBA com Official Site of the WNBA Retrieved May 13 2022 a b Dick s Sporting Goods Foundation Launches 25 Million Youth Sports Initiative Philanthropy News Digest Foundation Center March 12 2014 Retrieved July 2 2018 Gruden aids 4 youth football programs in Oakland area USA Today Associated Press July 18 2018 Retrieved July 18 2018 LoRe Michael Dick s Sporting Goods Pledges To Give 1 Million Children Access To Sports Forbes Retrieved August 20 2021 External links Wikimedia Commons has media related to Dick s Sporting Goods Wikiquote has quotations related to Dick s Sporting Goods Official website Business data for Dick s Sporting Goods Inc BloombergGoogleReutersSEC filingsYahoo Retrieved from https en wikipedia org w index php title Dick 27s Sporting Goods amp oldid 1162234774, wikipedia, wiki, book, books, library,

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