Jump to content

Dick's Sporting Goods: Difference between revisions

From Wikipedia, the free encyclopedia
Browse history interactively
← Previous editNext edit →
Content deleted Content added
VisualWikitext
Tag: references removed
m Reverted edits by 204.184.207.33 (talk) (HG) (3.1.20)
Line 32: Line 32:


==History==
==History==
In 1948, at the age of 18, Dick 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.”
Big Dick Dave and Terry has Big Balls.

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] {{webarchive |url=https://web.archive.org/web/20110710123727/http://www.dickssportinggoods.com/corp/index.jsp?page=aboutU |date=July 10, 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, New York. 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]].<ref>{{cite news |first=Bob |last=Niedt |authorlink= |author= |coauthors= |title=Wilmorite to boost CNY malls |url= |work=[[Syracuse Herald-Journal]]|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]]|date=2004-11-21 |accessdate=2006-12-25 }}</ref>

In January 2016, Dick's launched Team Sports HQ, a platform of services for youth sport leagues. Services offered include software for online registration and team/league websites; custom uniforms and FanWear; and access to donations and sponsorships.<ref name="Adamek">{{cite news|url=http://sdbj.com/news/2016/aug/21/dicks-sporting-goods-acquires-san-diego-based-affi/|title=DICK'S Sporting Goods Acquires San Diego-Based Affinity Sports|last=Adamek|first=Steve|date=August 21, 2016|work=San Diego Business Journal|accessdate=22 August 2016}}</ref>


==Corporate==
==Corporate==

Revision as of 21:21, 1 December 2016

Dick's Sporting Goods, Inc.
Company typePublic
NYSE: DKS
S&P 400
IndustryRetail
Founded1984; 40 years ago (1984)
Binghamton, New York, U.S.
FounderRichard Stack
HeadquartersFindlay Township, Pennsylvania, U.S.
Number of locations
610 (March 2015)[1]
Area served
United States
Key people
Edward W. Stack
(Chairman & CEO)
None
(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
37,600 (July 2015) [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 Findlay Township, Pennsylvania, in Greater Pittsburgh, with a mailing address of nearby Coraopolis.[8][9]

Dick's has 610 stores in all states except Alaska, Hawaii and Montana as of mid-March 2015,[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. The company also operates specialty chains True Runner and Field & Stream.[10][11]

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

History

In 1948, at the age of 18, Dick 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.[12]

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, New York. 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.[13] In 1994, Dick's moved its headquarters from Binghamton, New York to Pittsburgh, Pennsylvania.[14]

In January 2016, Dick's launched Team Sports HQ, a platform of services for youth sport leagues. Services offered include software for online registration and team/league websites; custom uniforms and FanWear; and access to donations and sponsorships.[15]

Corporate

The company used the e-tailing Web site dickssportinggoods.com, operated by GSI Commerce under license and e-commerce agreements. Because the e-commerce site was operated under a company separate from Dick's Sporting Goods, the site often carried a wider selection than what is available in the stores with prices occasionally varying.[16] Starting in 2013, the company began using a ship-from-store platform for online orders. This means that the company has a detailed inventory for every store, and pulls new and used inventory from a local store to fulfill online orders to reduce shipping costs. As of March 2009, customers may return items purchased from the Web site.[17]

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.[18]

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.[19]
  • 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.[20]
  • 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.[21] 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.[22]
  • 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.[23][24]

Acquisitions and expansion

Map of Dick's store locations as of 2015.

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 its first store in Washington state (Puyallup) "with six more locations [in Oregon] 'coming soon.'"[25] Oklahoma (Broken Arrow)[26] and Idaho (Pocatello) followed in 2011,[27] then New Mexico (Albuquerque) in 2012.[28]

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.[29] 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,[30] 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.[31] Later in the month, the store began selling AR-15 semi-automatic rifles,[32] ending the chain's 2012 self-imposed suspension of sales of certain semi-automatic firearms following the Sandy Hook Elementary School shooting.[33] 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.[29] 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.[29]

On June 30, 2016, Dick's Sporting Goods purchased the intellectual property of now-defunct Sports Authority in an auction. The sale was approved on July 21, 2016.

In August 2016, Dick's purchased San Diego-based Affinity Sports, a sports management technology company. Affinity will expand the scope of the Team Sports HQ platform by offering management technology for large-scale sports organizations and national governing bodies.[15]

  • 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.
  • Dick's Sporting Goods (ex-Galyan's) storefront at Westroads Mall, Omaha, Nebraska.
    Dick's Sporting Goods (ex-Galyan's) storefront at Westroads Mall, Omaha, Nebraska.
  • 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.

The apostrophe in the Dick's Sporting Goods logo contains several balls; the most common version includes a golf ball, baseball, soccer ball and basketball, in that order.

See also

References

  1. ^ a b [1][dead link]
  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. July 2015. Retrieved July 30, 2015.
  8. ^ "Contact Us". Dickssportinggoods.com. Retrieved 2016-05-03. "DICK’S Sporting Goods, Inc. 345 Court Street Coraopolis, PA 15108"
  9. ^ "Map Template:Wayback." Findlay Township, Allegheny County, Pennsylvania. Retrieved on May 3, 2016.
  10. ^ "Dick's Sporting Goods, Inc. (Investor Relations)". Dick's Sporting Goods. Retrieved May 19, 2014.
  11. ^ "Dick's Sporting Goods, Inc. - Investor Relations". Thomson.mobular.net. 1999-01-01. Retrieved 2012-12-01.
  12. ^ [2] Archived July 10, 2011, at the Wayback Machine
  13. ^ 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)
  14. ^ 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)
  15. ^ a b Adamek, Steve (August 21, 2016). "DICK'S Sporting Goods Acquires San Diego-Based Affinity Sports". San Diego Business Journal. Retrieved 22 August 2016.
  16. ^ "Dick's Sporting Goods : Product Availability and Price". Dickssportinggoods.com. Retrieved 2011-09-13.
  17. ^ "Dick's Sporting Goods : Returns". Dickssportinggoods.com. Retrieved 2011-09-13.
  18. ^ "SportsMatter". Sportsmatter.com. Retrieved 29 August 2014.
  19. ^ "Furnace Brook LLC v. Aeropostale, Inc. et al". Dockets.justia.com. Retrieved 2012-12-01.
  20. ^ "Dick's Sporting Goods Announces Completion Of Review Of Acctg For Leases And Construction Allowances". Phx.corporate-ir.net. Retrieved 2016-09-04.
  21. ^ "Cushion Technologies, LLC. v. Adidas Salomon North America, Inc. et al". Dockets.justia.com. 2006-08-31. Retrieved 2012-12-01.
  22. ^ "The Turtle Company Inc. V. Pro Specialities Group Inc. Et Al". Dockets.justia.com. 2009-06-29. Retrieved 2012-12-01.
  23. ^ "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.
  24. ^ ABC News. "Dick's Sporting Goods Accuses Rival Modell's of Spying". ABC News.
  25. ^ 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)
  26. ^ "Dick's Sporting Goods Store To Open This Month In Broken Arrow". NewsOn6.com. 2011-10-04. Retrieved 2011-10-06.
  27. ^ "New sporting goods store coming to Chubbuck". idahostatejournal.com. 2010-12-21. Retrieved 2012-02-23.
  28. ^ "Dick's To Open Albuquerque Store". Albuquerque Journal. 2011-09-14. Retrieved 2011-10-06.
  29. ^ 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.
  30. ^ [3] [dead link]
  31. ^ > "WWE Hall of Famer Shawn Michaels 'like kid in a candy store' at new Field & Stream". WTAE. 18 February 2016.
  32. ^ 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.
  33. ^ "Sporting goods chain suspends sale of certain semi-automatic after shooting". CNN. 2012-12-18.

External links

Wikimedia Commons has media related to Dick's Sporting Goods.
Retrieved from "https://en.wikipedia.org/w/index.php?title=Dick%27s_Sporting_Goods&oldid=752540272"