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Dick’s Sporting Goods

Companies

Dick’s Sporting Goods

Dick’s Sporting Goods

Consumer goods

Description

Dick's Sporting Goods, Inc. is an American sporting goods retail company, based in Coraopolis, Pennsylvania. The company was established by Richard "Dick" Stack in 1948, and has approximately 850 stores and 30,000 employees, as of 2018. Dick's is the nation's largest sporting goods retailer, and is listed on the Fortune 500.

History

Richard "Dick" Stack started the company as a fishing tackle store in Binghamton, New York, in 1948. He began with a $300 loan from his grandmother, who pulled from her savings, which she kept in a cookie jar.

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

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

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

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

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

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

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. 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. Dick's has never carried bump stocks.

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

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Discussion

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