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{{Infobox company
History[edit]
| name = Dick's Sporting Goods, Inc.
In 1948, at the age of 18, Richard Stack worked at an Army/Navy store in his hometown of Binghamton, New York, after World War II. At the owner’s request, "Dick" explored the idea of expanding the product line to include fishing and camping supplies, but the owner rejected Dick's suggestions, stating that Dick “would never make a good merchant.”
| logo = [[Image:Dick's Sporting Goods.svg|200px]]
| type = [[Public company|Public]]
| traded_as = {{nyse|DKS}}<br>[[S&P 400]]
| foundation = [[Binghamton, New York|Binghamton]], [[New York]] (1948)
| founder = Richard "Dick" Stack
| location = [[Coraopolis, Pennsylvania|Coraopolis]], [[Pennsylvania]], [[United States]]
| locations = 558 <small>(November 2013)<ref name="Invest">{{cite web|url=http://phx.corporate-ir.net/phoenix.zhtml?c=132215&p=irol-irhome |title=Dick's Sporting Goods, Inc. (Investor Relations) |publisher=Dick's Sporting Goods |date= |accessdate=May 19, 2014}}</ref>
| area_served = [[United States]]
| key_people = [[Edward W. Stack]]<br><small>([[Chairman]] & [[CEO]])</small><br>Joe H. Schmidt<br><small>([[President]] & [[Chief operating officer|COO]])</small>
| num_employees = 34,300 <small>(May 2014)</small> <ref>{{cite web|url=http://www.forbes.com/companies/dicks-sporting-goods |title=Dick's Sporting Goods |publisher=Forbes.com |date=May 2014 |accessdate=May 19, 2014}}</ref>
| subsid = Dick's Sporting Goods<br>Golf Galaxy, Inc.<br>Golfworks<br>Field & Stream<br>True Runner<br>Blue Sombrero
| market cap = [[United States dollar|US$]] 1.27 billion (''2009'')
| revenue = {{profit}} [[United States Dollar|US$]]6.21 Billion <small>(''FY 2013'')</small> <ref name="FY2013 Report"/><ref>{{cite web|url=http://investing.businessweek.com/research/stocks/earnings/earnings.asp?ticker=DKS:US |title=Dick's sporting goods INC (DKS:New York): Earnings Estimates - Businessweek |publisher=Investing.businessweek.com |date= |accessdate=2012-12-01}}</ref>
| operating_income = {{profit}} [[United States Dollar|US$]]536.81 Million <small>(''FY 2013'')</small> <ref name="FY2013 Report"/><ref>{{cite web|url=http://ycharts.com/financials/DKS/income_statement/quarterly |title=Dick's Sporting Goods Income Statement - Annual (DKS) |publisher=Ycharts.com |date= |accessdate=2012-12-01}}</ref>
| net_income = {{profit}} [[United States Dollar|US$]]337.6 Million <small>(''FY 2013'') </small> <ref name="FY2013 Report">{{cite web |url=http://phx.corporate-ir.net/phoenix.zhtml?c=132215&p=irol-newsArticle_Print&ID=1907817&highlight= |title=DICK'S Sporting Goods Reports Fourth Quarter and Full Year 2013 Results; Exceeds Expectations |publisher=Dick's Sporting Goods |date=March 11, 2014 |accessdate=May 19, 2014}}</ref><ref>{{cite web|url=http://finance.yahoo.com/q/is?s=DKS |title=DKS Income Statement &#124; Dick's Sporting Goods Inc Commo Stock - Yahoo! Finance |publisher=Finance.yahoo.com |date= |accessdate=2012-12-01}}</ref>
| assets = {{increase}} [[United States dollar|US$]]3.071 Billion <small>(''FY 2013'')</small> <ref name="FY2013 Report"/><ref name="forbes1">{{cite news| url=http://finapps.forbes.com/finapps/jsp/finance/compinfo/FinancialIndustrial.jsp?tkr=dks&period=qtr |title=Dick's Sporting Goods INC (NYSE: DKS) - Balance Sheet| work=Forbes}}</ref>
| equity = {{increase}} [[United States dollar|US$]]1.692 Billion <small>(''FY 2013'')</small> <ref name="FY2013 Report"/><ref name="forbes1"/>
| industry = [[Retail]]
| products = Sporting goods<br>Athletic apparel<br>Outerwear<br>Sportswear<br>Athletic shoes<br>Casual footwear<br>Boots<br>Fitness equipment<br>Bicycles<br>Outdoor equipment
| homepage = {{URL|http://www.dickssportinggoods.com/|DicksSportingGoods.com}}
}}


'''Dick's Sporting Goods, Inc.''', or '''Dick's''', is a Fortune 500 American corporation in the [[sporting goods]] and [[retail]] industries headquartered in [[Coraopolis, Pennsylvania]].<ref>{{cite web|url=http://www.dickssportinggoods.com/corp/index.jsp?page=pressRoom&ab=Footer_Know_PressRoom |title=Dick’s Sporting Goods – Press Room |publisher=Dickssportinggoods.com |date= |accessdate=2014-02-13}}</ref>
When Dick recounted his story later that day, his grandmother advised, “Dick, always follow your dreams,” and gave him $300 from her savings. He rented a storefront and opened the first Dick's as a small "bait & tackle" fishing supply store, on Court Street near Howard Avenue.[10]


Dick's has 558 stores in 46 states as of November 19, 2013,<ref name="Invest"/> primarily in the eastern half of the [[United States]]. The company also owns Golf Galaxy, Inc., a golf specialty retailer, with 82 stores in 30 states.<ref name="Invest"/><ref>{{cite web|url=http://thomson.mobular.net/thomson/7/3216/4493/ |title=Dick's Sporting Goods, Inc. - Investor Relations |publisher=Thomson.mobular.net |date=1999-01-01 |accessdate=2012-12-01}}</ref>

Founded in 1948 by Richard "Dick" Stack at the age of 18, the chain has expanded to become one of the largest sporting goods retailers in the world.
[[File:Dick's Sporting Goods.jpg|thumb|Dick's Sporting Goods, Saugus, Massachusetts]]

==History==
In 1948, at the age of 18, Richard Stack worked at an Army/Navy store in his hometown of Binghamton, New York, after World War II. At the owner’s request, "Dick" explored the idea of expanding the product line to include fishing and camping supplies, but the owner rejected Dick's suggestions, stating that Dick “would never make a good merchant.”

When Dick recounted his story later that day, his grandmother advised, “Dick, always follow your dreams,” and gave him $300 from her savings. He rented a storefront and opened the first Dick's as a small "bait & tackle" fishing supply store, on Court Street near Howard Avenue.<ref>[http://www.dickssportinggoods.com/corp/index.jsp?page=aboutU]{{dead link|date=October 2011}}</ref>
In the mid-1950s, the store expanded into the market of general sports merchandise and by the early 1960s, he was able to build and open a new store on the corner of Oliver and Court St., naming it "Dick's Sporting Goods". The store prospered, and Dick eventually opened a second store in Vestal, NY. In the 1970s, the Binghamton store moved next door to an even larger facility. Dick Stack headed the organization until his retirement in 1984.
In the mid-1950s, the store expanded into the market of general sports merchandise and by the early 1960s, he was able to build and open a new store on the corner of Oliver and Court St., naming it "Dick's Sporting Goods". The store prospered, and Dick eventually opened a second store in Vestal, NY. In the 1970s, the Binghamton store moved next door to an even larger facility. Dick Stack headed the organization until his retirement in 1984.


Dick Stack's son, Edward "Eddie" Stack,succeeded him in the leadership of the company, expanding the two-store business rapidly. Edward W. Stack has served as Chairman and Chief Executive Officer of Dick's Sporting Goods since 1984, having started with the company full-time in 1977, and gradually working his way up in a variety of positions including: Store Clerk, Merchandise Manager, Store Manager and President.
Dick Stack's son, Edward "Eddie" Stack,succeeded him in the leadership of the company, expanding the two-store business rapidly. [[Edward W. Stack]] has served as Chairman and Chief Executive Officer of Dick's Sporting Goods since 1984, having started with the company full-time in 1977, and gradually working his way up in a variety of positions including: Store Clerk, Merchandise Manager, Store Manager and President.


In the early 1990s, Dick's began chain operations, opening additional stores across Upstate New York.[11] In 1994, Dick's moved its headquarters from Binghamton, New York to Pittsburgh, Pennsylvania.[12]
In the early 1990s, Dick's began chain operations, opening additional stores across [[Upstate New York]].<ref>{{cite news |first=Bob |last=Niedt |authorlink= |author= |coauthors= |title=Wilmorite to boost CNY malls |url= |work=[[Syracuse Herald-Journal]] |publisher= |date=1993-04-29 |accessdate=2006-12-25 }}</ref> In 1994, Dick's moved its headquarters from [[Binghamton, New York]] to [[Pittsburgh]], [[Pennsylvania]].<ref>{{cite news |first=Teresa F |last=Lindeman |authorlink= |author= |coauthors= |title=Ed's way stacks up well for Dick's Sporting Goods|url=http://www.post-gazette.com/stories/business/news/eds-way-stacks-up-well-for-dicks-sporting-goods-559156/ |work=[[Pittsburgh Post-Gazette]] |publisher= |date=2004-11-21 |accessdate=2006-12-25 }}</ref>


Corporate[edit]
==Corporate==
The company's e-tailing website dickssportinggoods.com is operated by GSI Commerce under license and e-commerce agreements. Because the e-commerce website is operated under a company separate from Dick's Sporting Goods, the website often carries a wider selection than what is available in the stores with prices occasionally varying.[13] As of March 2009, customers may return items purchased from the website.[14]
The company's e-tailing website dickssportinggoods.com is operated by [[GSI Commerce]] under license and e-commerce agreements. Because the e-commerce website is operated under a company separate from Dick's Sporting Goods, the website often carries a wider selection than what is available in the stores with prices occasionally varying.<ref>{{cite web|url=http://www.dickssportinggoods.com/helpdesk/availabilityPop.jsp|title=Dick's Sporting Goods : Product Availability and Price|accessdate=2011-09-13}}</ref> As of March 2009, customers may return items purchased from the website.<ref>{{cite web|url=http://www.dickssportinggoods.com/helpdesk/index.jsp?display=returns&subdisplay=returns|title=Dick's Sporting Goods : Returns|accessdate=2011-09-13}}</ref>


Excluding revenues from Chick's, Dick's generated 2007 revenues of $3.965B in fiscal 2003. With the inclusion of Chick's, Dick's now operates over 450 stores - surpassing competitors The Sports Authority in both stores and revenue.
Excluding revenues from Chick's, Dick's generated 2007 revenues of $3.965B in fiscal 2003. With the inclusion of Chick's, Dick's now operates over 450 stores - surpassing competitors [[The Sports Authority]] in both stores and revenue.


Sponsorship[edit]
==Sponsorship==
The company sponsors a number of sporting events, including:
The company sponsors a number of sporting events, including:
* Football – ''Dick's Sporting Goods ESPN Kickoff Week''
* Soccer – ''[[Dick's Sporting Goods Park]]''
* Golf – ''[[Dick's Sporting Goods Open]]''
* Running – ''[[Dick's Sporting Goods Pittsburgh Marathon]]''

Professional sports teams sponsored by Dick's include the [[National Hockey League|NHL]]'s [[Pittsburgh Penguins]] and [[Colorado Avalanche]], and the [[Colorado Rapids]] of the [[Major League Soccer|MLS]].

Dick's has also sponsored SportsMatter.com, a crowdfunding site to help support underfunded youth sports leagues.<ref>{{cite web|title=SportsMatter|url=https://sportsmatter.com/|website=https://sportsmatter.com/|publisher=Dick's Sporting Goods|accessdate=29 August 2014}}</ref>

==Lawsuits and legal proceedings==

* In July 1971, Dick's was accused of infringing a patent owned by Furnace Brook, LLC, in a lawsuit filed in the Northern District of Illinois.<ref>{{cite web|url=http://dockets.justia.com/docket/court-ilndce/case_no-1:2009cv04310/case_id-233429/ |title=Furnace Brook LLC v. Aeropostale, Inc. et al |publisher=Dockets.justia.com |date= |accessdate=2012-12-01}}</ref>

* 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.<ref>{{cite web |url=http://phx.corporate-ir.net/phoenix.zhtml?c=132215&p=irol-newsArticle&ID=690426&highlight= |title= Dick's Sporting Goods Announces Completion Of Review Of Acctg For Leases And Construction Allowances}}</ref>

* In August 2006, Dick's was accused of infringing two patents owned by Cushion Technologies, LLC, in a lawsuit filed in the Eastern District of Texas.<ref>{{cite web|url=http://dockets.justia.com/docket/court-txedce/case_no-2:2006cv00347/case_id-98536/ |title=Cushion Technologies, LLC. v. Adidas Salomon North America, Inc. et al |publisher=Dockets.justia.com |date=2006-08-31 |accessdate=2012-12-01}}</ref> In April 2007, Dick's settled with the plaintiff and the lawsuit was dismissed.

* 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.<ref>{{cite web|url=http://dockets.justia.com/docket/court-njdce/case_no-2:2009cv03146/case_id-229810/ |title=The Turtle Company Inc. V. Pro Specialities Group Inc. Et Al |publisher=Dockets.justia.com |date=2009-06-29 |accessdate=2012-12-01}}</ref>

*In 2014 Dick's began a lawsuit against [[Modell's]] Sporting Goods CEO, Mitchell Modell (who featured on an episode of [[Undercover Boss (U.S. TV series)|''Undercover Boss'']] in 2012), for going undercover into their stores to gain access to their retail secrets.<ref>{{cite news| url=http://www.dailymail.co.uk/news/article-2570465/Retailer-Rival-CEO-posed-exec-secrets.html | location=London | work=Daily Mail | title=Inspired by Undercover Boss? Modell's CEO and reality star 'pretended to be the owner of Dick's Sporting Goods to convince staff to show him into the back and give him their retail secrets' | date=2014-02-28}}</ref><ref>http://abcnews.go.com/Business/dicks-sporting-goods-accuses-rival-modells-spying/story?id=22756803</ref>

==Acquisitions and expansion==
[[File:Dick's Sporting Goods footprint 2013-10.png|thumb|right|450px|Map of Dick's store locations as of October 2013.]]
Dick's Sporting Goods opened in [[Florida]] and [[California]] in 1997. Seven years later, the chain acquired the entirety of [[Galyan's]], an [[Indiana]]-based sporting chain. They also acquired Golf Galaxy and Chick's in 2007.

Plans were announced in 2010 to open their first store in [[Washington (state)|Washington state]] ([[Puyallup, Washington|Puyallup]]) "with six more locations [in [[Oregon]]] 'coming soon.'"<ref>{{cite news |first=Amy |last=Martinez |authorlink= |author= |coauthors= |title=Dick's Sporting Goods expanding to Washington |url=http://seattletimes.com/html/businesstechnology/2010156428_dicks29.html |work=[[The Seattle Times]] |publisher= |date=2009-10-29 |accessdate=2010-02-19 }}</ref> [[Oklahoma]] ([[Broken Arrow, Oklahoma|Broken Arrow]])<ref>{{cite news| url=http://www.newson6.com/story/15614178/dicks-sporting-goods-store-to-open-this-month-in-broken-arrow | work=NewsOn6.com | title=Dick's Sporting Goods Store To Open This Month In Broken Arrow | date=2011-10-04 | accessdate=2011-10-06}}</ref> and [[Idaho]] ([[Pocatello, Idaho|Pocatello]]) followed in 2011,<ref>{{cite news| url=http://www.idahostatejournal.com/news/breaking/article_16e209be-0d87-11e0-a4b4-001cc4c002e0.html | work=idahostatejournal.com | title=New sporting goods store coming to Chubbuck | date=2010-12-21 | accessdate=2012-02-23}}</ref> then [[New Mexico]] ([[Albuquerque]]) in 2012.<ref>{{cite news| url=http://www.abqjournal.com/main/2011/09/14/news/dicks-to-open-albuquerque-store-2.html | work=Albuquerque Journal | title=Dick’s To Open Albuquerque Store | date=2011-09-14 | accessdate=2011-10-06}}</ref>


On August 16, 2013, Dick's Sporting Goods opened its first ''[[Field & Stream]]'' Shop in [[Cranberry Township, Butler County, Pennsylvania|Cranberry Township, Pennsylvania]] at the site of the former Dick's location in Cranberry (Dick's had moved to a newer location nearby in 2012), operating as a competitor to [[Cabela's]].<ref name="store">{{cite news| url=http://www.post-gazette.com/stories/business/news/field-stream-store-gears-up-for-grand-opening-699222/ | work=Pittsburgh Post-Gazette | first=Teresa F. | last=Lindeman | title=Field & Stream store gears up for grand opening in Cranberry - Pittsburgh Post-Gazette | date=2013-08-14}}</ref> [[Willie Robertson]] of the reality television series ''[[Duck Dynasty]]'' made a speaking appearance at a wedding at the store, with both participants dressed in [[camouflage]],<ref>{{cite news| url=http://www.washingtonpost.com/national/duck-dynasty-star-pops-by-for-western-pa-couples-camouflage-wedding/2013/08/17/f3fc46d4-077b-11e3-bfc5-406b928603b2_story.html | deadurl=yes}} {{Dead link|date=April 2014|bot=RjwilmsiBot}}</ref> as well as retired [[WWE]] wrestler [[Shawn Michaels]] (currently hosting ''[[MacMillan River Adventures]]'' on the [[Outdoor Channel]]) appearing at the store to sign autographs for the grand opening.<ref>http://www.wtae.com/news/local/butler/wwe-hall-of-famer-shawn-michaels-like-kid-in-a-candy-store-at-new-field-stream/-/10928542/21510198/-/29viiwz/-/index.html></ref> Later in the month, the store began selling [[AR-15]] [[semi-automatic rifle]]s,<ref>{{cite news|url=http://www.forbes.com/sites/clareoconnor/2013/08/20/dicks-sporting-goods-selling-ar-15-rifles-at-outdoor-chain-despite-newtown-ban/|title=Despite Self-Imposed Ban, Dick's Sporting Goods Selling AR-15 Rifles At New Offshoot|work=[[Forbes]]|date=2013-08-20|accessdate=2013-09-24|first=Clare|last=O'Connor}}</ref> ending the chain's 2012 self-imposed suspension of sales of certain [[semi-automatic firearm]]s following the [[Sandy Hook Elementary School shooting]].<ref>{{cite news|url=http://edition.cnn.com/2012/12/18/justice/connecticut-dicks-guns/index.html|title=Sporting goods chain suspends sale of certain semi-automatic after shooting|work=[[CNN]]|date=2012-12-18}}</ref> Dick's has plans to open at least two more ''Field & Stream'' Shop locations in [[Erie, Pennsylvania]] (on the site of a proposed Cabela's store that Dick's had purchased before Cabela's had a chance to buy it) and [[Crescent Springs, Kentucky]].<ref name="store" /> Dick's had bought the retail-related intellectual property rights to the ''Field & Stream'' name from the magazine's owner [[Bonnier Corporation]] in 2012 after having licensed the name for several years before. Bonnier remains owner of the magazine.<ref name="store" />
Football – Dick's Sporting Goods ESPN Kickoff Week
Soccer – Dick's Sporting Goods Park
Golf – Dick's Sporting Goods Open
Running – Dick's Sporting Goods Pittsburgh Marathon
Professional sports teams sponsored by Dick's include the NHL's Pittsburgh Penguins and Colorado Avalanche, and the Colorado Rapids of the MLS.


<gallery>
Dick's has also sponsored SportsMatter.com, a crowdfunding site to help support underfunded youth sports leagues.[15]
File:Dicks Sporting Goods Charlotte NC.jpg|Dick's Sporting Goods (ex-Galyan's) storefront at SouthPark Mall, Charlotte, North Carolina.
Image:Lodge007.JPG|The typical Lodge section of a contemporary Dick's Sporting Goods store.
Image:Dicks Store 1.jpg|Court Street store, Binghamton, New York. This store has been in operation since the 1960s and is a fraction of the modern stores' sizes.
</gallery>


==See also==
Lawsuits and legal proceedings[edit]
{{Portal|Companies|Pittsburgh}}
In July 1971, Dick's was accused of infringing a patent owned by Furnace Brook, LLC, in a lawsuit filed in the Northern District of Illinois.[16]
* [[Academy Sports + Outdoors]]
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.[17]
* [[Bass Pro Shops]]
In August 2006, Dick's was accused of infringing two patents owned by Cushion Technologies, LLC, in a lawsuit filed in the Eastern District of Texas.[18] In April 2007, Dick's settled with the plaintiff and the lawsuit was dismissed.
* [[Cabela's]]
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.[19]
* [[Gander Mountain]]
In 2014 Dick's began a lawsuit against Modell's Sporting Goods CEO, Mitchell Modell (who featured on an episode of Undercover Boss in 2012), for going undercover into their stores to gain access to their retail secrets.[20][21]
* [[REI]]
Acquisitions and expansion[edit]
* [[Scheels All Sports]]
* [[Sportsman's Warehouse]]


==References==
Map of Dick's store locations as of October 2013.
{{reflist|2}}
Dick's Sporting Goods opened in Florida and California in 1997. Seven years later, the chain acquired the entirety of Galyan's, an Indiana-based sporting chain. They also acquired Golf Galaxy and Chick's in 2007.


==External links==
Plans were announced in 2010 to open their first store in Washington state (Puyallup) "with six more locations [in Oregon] 'coming soon.'"[22] Oklahoma (Broken Arrow)[23] and Idaho (Pocatello) followed in 2011,[24] then New Mexico (Albuquerque) in 2012.[25]
*[http://www.dickssportinggoods.com/ Dick's Sporting Goods]
{{Pittsburgh}}


[[Category:Companies listed on the New York Stock Exchange]]
On August 16, 2013, Dick's Sporting Goods opened its first Field & Stream Shop in Cranberry Township, Pennsylvania at the site of the former Dick's location in Cranberry (Dick's had moved to a newer location nearby in 2012), operating as a competitor to Cabela's.[26] Willie Robertson of the reality television series Duck Dynasty made a speaking appearance at a wedding at the store, with both participants dressed in camouflage,[27] as well as retired WWE wrestler Shawn Michaels (currently hosting MacMillan River Adventures on the Outdoor Channel) appearing at the store to sign autographs for the grand opening.[28] Later in the month, the store began selling AR-15 semi-automatic rifles,[29] ending the chain's 2012 self-imposed suspension of sales of certain semi-automatic firearms following the Sandy Hook Elementary School shooting.[30] Dick's has plans to open at least two more Field & Stream Shop locations in Erie, Pennsylvania (on the site of a proposed Cabela's store that Dick's had purchased before Cabela's had a chance to buy it) and Crescent Springs, Kentucky.[26] Dick's had bought the retail-related intellectual property rights to the Field & Stream name from the magazine's owner Bonnier Corporation in 2012 after having licensed the name for several years before. Bonnier remains owner of the magazine.[
[[Category:Sporting goods retailers of the United States]]
[[Category:Companies established in 1948]]
[[Category:Online retail companies of the United States]]
[[Category:Companies based in Binghamton, New York]]
[[Category:Companies From Pennsylvania]]

Revision as of 22:37, 30 November 2014

Dick's Sporting Goods, Inc.
Company typePublic
NYSE: DKS
S&P 400
IndustryRetail
FoundedBinghamton, New York (1948)
FounderRichard "Dick" Stack
HeadquartersCoraopolis, Pennsylvania, United States
Number of locations
558 (November 2013)[1]
Area served
United States
Key people
Edward W. Stack
(Chairman & CEO)
Joe H. Schmidt
(President & COO)
ProductsSporting goods
Athletic apparel
Outerwear
Sportswear
Athletic shoes
Casual footwear
Boots
Fitness equipment
Bicycles
Outdoor equipment
RevenueIncrease US$6.21 Billion (FY 2013) [2][3]
Increase US$536.81 Million (FY 2013) [2][4]
Increase US$337.6 Million (FY 2013) [2][5]
Total assetsIncrease US$3.071 Billion (FY 2013) [2][6]
Total equityIncrease US$1.692 Billion (FY 2013) [2][6]
Number of employees
34,300 (May 2014) [7]
SubsidiariesDick's Sporting Goods
Golf Galaxy, Inc.
Golfworks
Field & Stream
True Runner
Blue Sombrero
WebsiteDicksSportingGoods.com

Dick's Sporting Goods, Inc., or Dick's, is a Fortune 500 American corporation in the sporting goods and retail industries headquartered in Coraopolis, Pennsylvania.[8]

Dick's has 558 stores in 46 states as of November 19, 2013,[1] primarily in the eastern half of the United States. The company also owns Golf Galaxy, Inc., a golf specialty retailer, with 82 stores in 30 states.[1][9]

Founded in 1948 by Richard "Dick" Stack at the age of 18, the chain has expanded to become one of the largest sporting goods retailers in the world.

Dick's Sporting Goods, Saugus, Massachusetts

History

In 1948, at the age of 18, Richard Stack worked at an Army/Navy store in his hometown of Binghamton, New York, after World War II. At the owner’s request, "Dick" explored the idea of expanding the product line to include fishing and camping supplies, but the owner rejected Dick's suggestions, stating that Dick “would never make a good merchant.”

When Dick recounted his story later that day, his grandmother advised, “Dick, always follow your dreams,” and gave him $300 from her savings. He rented a storefront and opened the first Dick's as a small "bait & tackle" fishing supply store, on Court Street near Howard Avenue.[10]

In the mid-1950s, the store expanded into the market of general sports merchandise and by the early 1960s, he was able to build and open a new store on the corner of Oliver and Court St., naming it "Dick's Sporting Goods". The store prospered, and Dick eventually opened a second store in Vestal, NY. In the 1970s, the Binghamton store moved next door to an even larger facility. Dick Stack headed the organization until his retirement in 1984.

Dick Stack's son, Edward "Eddie" Stack,succeeded him in the leadership of the company, expanding the two-store business rapidly. Edward W. Stack has served as Chairman and Chief Executive Officer of Dick's Sporting Goods since 1984, having started with the company full-time in 1977, and gradually working his way up in a variety of positions including: Store Clerk, Merchandise Manager, Store Manager and President.

In the early 1990s, Dick's began chain operations, opening additional stores across Upstate New York.[11] In 1994, Dick's moved its headquarters from Binghamton, New York to Pittsburgh, Pennsylvania.[12]

Corporate

The company's e-tailing website dickssportinggoods.com is operated by GSI Commerce under license and e-commerce agreements. Because the e-commerce website is operated under a company separate from Dick's Sporting Goods, the website often carries a wider selection than what is available in the stores with prices occasionally varying.[13] As of March 2009, customers may return items purchased from the website.[14]

Excluding revenues from Chick's, Dick's generated 2007 revenues of $3.965B in fiscal 2003. With the inclusion of Chick's, Dick's now operates over 450 stores - surpassing competitors The Sports Authority in both stores and revenue.

Sponsorship

The company sponsors a number of sporting events, including:

Professional sports teams sponsored by Dick's include the NHL's Pittsburgh Penguins and Colorado Avalanche, and the Colorado Rapids of the MLS.

Dick's has also sponsored SportsMatter.com, a crowdfunding site to help support underfunded youth sports leagues.[15]

  • In July 1971, Dick's was accused of infringing a patent owned by Furnace Brook, LLC, in a lawsuit filed in the Northern District of Illinois.[16]
  • 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.[17]
  • In August 2006, Dick's was accused of infringing two patents owned by Cushion Technologies, LLC, in a lawsuit filed in the Eastern District of Texas.[18] In April 2007, Dick's settled with the plaintiff and the lawsuit was dismissed.
  • 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.[19]
  • In 2014 Dick's began a lawsuit against Modell's Sporting Goods CEO, Mitchell Modell (who featured on an episode of Undercover Boss in 2012), for going undercover into their stores to gain access to their retail secrets.[20][21]

Acquisitions and expansion

Map of Dick's store locations as of October 2013.

Dick's Sporting Goods opened in Florida and California in 1997. Seven years later, the chain acquired the entirety of Galyan's, an Indiana-based sporting chain. They also acquired Golf Galaxy and Chick's in 2007.

Plans were announced in 2010 to open their first store in Washington state (Puyallup) "with six more locations [in Oregon] 'coming soon.'"[22] Oklahoma (Broken Arrow)[23] and Idaho (Pocatello) followed in 2011,[24] then New Mexico (Albuquerque) in 2012.[25]

On August 16, 2013, Dick's Sporting Goods opened its first Field & Stream Shop in Cranberry Township, Pennsylvania at the site of the former Dick's location in Cranberry (Dick's had moved to a newer location nearby in 2012), operating as a competitor to Cabela's.[26] Willie Robertson of the reality television series Duck Dynasty made a speaking appearance at a wedding at the store, with both participants dressed in camouflage,[27] as well as retired WWE wrestler Shawn Michaels (currently hosting MacMillan River Adventures on the Outdoor Channel) appearing at the store to sign autographs for the grand opening.[28] Later in the month, the store began selling AR-15 semi-automatic rifles,[29] ending the chain's 2012 self-imposed suspension of sales of certain semi-automatic firearms following the Sandy Hook Elementary School shooting.[30] Dick's has plans to open at least two more Field & Stream Shop locations in Erie, Pennsylvania (on the site of a proposed Cabela's store that Dick's had purchased before Cabela's had a chance to buy it) and Crescent Springs, Kentucky.[26] Dick's had bought the retail-related intellectual property rights to the Field & Stream name from the magazine's owner Bonnier Corporation in 2012 after having licensed the name for several years before. Bonnier remains owner of the magazine.[26]

  • Dick's Sporting Goods (ex-Galyan's) storefront at SouthPark Mall, Charlotte, North Carolina.
    Dick's Sporting Goods (ex-Galyan's) storefront at SouthPark Mall, Charlotte, North Carolina.
  • The typical Lodge section of a contemporary Dick's Sporting Goods store.
    The typical Lodge section of a contemporary Dick's Sporting Goods store.
  • Court Street store, Binghamton, New York. This store has been in operation since the 1960s and is a fraction of the modern stores' sizes.
    Court Street store, Binghamton, New York. This store has been in operation since the 1960s and is a fraction of the modern stores' sizes.

See also

References

  1. ^ a b c "Dick's Sporting Goods, Inc. (Investor Relations)". Dick's Sporting Goods. Retrieved May 19, 2014.
  2. ^ a b c d e "DICK'S Sporting Goods Reports Fourth Quarter and Full Year 2013 Results; Exceeds Expectations". Dick's Sporting Goods. March 11, 2014. Retrieved May 19, 2014.
  3. ^ "Dick's sporting goods INC (DKS:New York): Earnings Estimates - Businessweek". Investing.businessweek.com. Retrieved 2012-12-01.
  4. ^ "Dick's Sporting Goods Income Statement - Annual (DKS)". Ycharts.com. Retrieved 2012-12-01.
  5. ^ "DKS Income Statement | Dick's Sporting Goods Inc Commo Stock - Yahoo! Finance". Finance.yahoo.com. Retrieved 2012-12-01.
  6. ^ a b "Dick's Sporting Goods INC (NYSE: DKS) - Balance Sheet". Forbes.
  7. ^ "Dick's Sporting Goods". Forbes.com. May 2014. Retrieved May 19, 2014.
  8. ^ "Dick's Sporting Goods – Press Room". Dickssportinggoods.com. Retrieved 2014-02-13.
  9. ^ "Dick's Sporting Goods, Inc. - Investor Relations". Thomson.mobular.net. 1999-01-01. Retrieved 2012-12-01.
  10. ^ [1][dead link]
  11. ^ Niedt, Bob (1993-04-29). "Wilmorite to boost CNY malls". Syracuse Herald-Journal. {{cite news}}: |access-date= requires |url= (help); Cite has empty unknown parameter: |coauthors= (help)
  12. ^ Lindeman, Teresa F (2004-11-21). "Ed's way stacks up well for Dick's Sporting Goods". Pittsburgh Post-Gazette. Retrieved 2006-12-25. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  13. ^ "Dick's Sporting Goods : Product Availability and Price". Retrieved 2011-09-13.
  14. ^ "Dick's Sporting Goods : Returns". Retrieved 2011-09-13.
  15. ^ "SportsMatter". https://sportsmatter.com/. Dick's Sporting Goods. Retrieved 29 August 2014. {{cite web}}: External link in |website= (help)
  16. ^ "Furnace Brook LLC v. Aeropostale, Inc. et al". Dockets.justia.com. Retrieved 2012-12-01.
  17. ^ "Dick's Sporting Goods Announces Completion Of Review Of Acctg For Leases And Construction Allowances".
  18. ^ "Cushion Technologies, LLC. v. Adidas Salomon North America, Inc. et al". Dockets.justia.com. 2006-08-31. Retrieved 2012-12-01.
  19. ^ "The Turtle Company Inc. V. Pro Specialities Group Inc. Et Al". Dockets.justia.com. 2009-06-29. Retrieved 2012-12-01.
  20. ^ "Inspired by Undercover Boss? Modell's CEO and reality star 'pretended to be the owner of Dick's Sporting Goods to convince staff to show him into the back and give him their retail secrets'". Daily Mail. London. 2014-02-28.
  21. ^ http://abcnews.go.com/Business/dicks-sporting-goods-accuses-rival-modells-spying/story?id=22756803
  22. ^ Martinez, Amy (2009-10-29). "Dick's Sporting Goods expanding to Washington". The Seattle Times. Retrieved 2010-02-19. {{cite news}}: Cite has empty unknown parameter: |coauthors= (help)
  23. ^ "Dick's Sporting Goods Store To Open This Month In Broken Arrow". NewsOn6.com. 2011-10-04. Retrieved 2011-10-06.
  24. ^ "New sporting goods store coming to Chubbuck". idahostatejournal.com. 2010-12-21. Retrieved 2012-02-23.
  25. ^ "Dick's To Open Albuquerque Store". Albuquerque Journal. 2011-09-14. Retrieved 2011-10-06.
  26. ^ a b c Lindeman, Teresa F. (2013-08-14). "Field & Stream store gears up for grand opening in Cranberry - Pittsburgh Post-Gazette". Pittsburgh Post-Gazette.
  27. ^ http://www.washingtonpost.com/national/duck-dynasty-star-pops-by-for-western-pa-couples-camouflage-wedding/2013/08/17/f3fc46d4-077b-11e3-bfc5-406b928603b2_story.html. {{cite news}}: Missing or empty |title= (help); Unknown parameter |deadurl= ignored (|url-status= suggested) (help) [dead link]
  28. ^ http://www.wtae.com/news/local/butler/wwe-hall-of-famer-shawn-michaels-like-kid-in-a-candy-store-at-new-field-stream/-/10928542/21510198/-/29viiwz/-/index.html>
  29. ^ O'Connor, Clare (2013-08-20). "Despite Self-Imposed Ban, Dick's Sporting Goods Selling AR-15 Rifles At New Offshoot". Forbes. Retrieved 2013-09-24.
  30. ^ "Sporting goods chain suspends sale of certain semi-automatic after shooting". CNN. 2012-12-18.
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