Dick’s Sporting Goods ended its year on an upbeat note, reporting better-than-expected sales and earnings and revealing ambitious expands plans for its newest store concept.
The sporting goods giant said it plans to open 20 locations for its experiential store concept, “Dick’s House of Sport,” during the next two years, including nine stores this year. Looking ahead, Dick’s sees a total of 75 to 100 House of Sport locations during the next five years. The retailer debuted the concept in April 2021, and has since opened two additional locations.
In reporting its fourth-quarter results, Dick’s provided an upbeat earnings outlook that stood in mark contrast to those offered by most other retailers this ear enings season, with companies from Walmart to The Home Depot taking a cautious to downbeat stance.Chain Storeage