Dick's
Sporting Goods
Operates chain of
sporting goods super stores.
Headquarters:
300 Industry Drive
Pittsburgh, PA 15275
Employees: 25,000+
CEO: Edward Stack
Stock Symbol: DKS
Website:
http://www.dickssportinggoods.com
Career
Site
Dick's Sporting Goods is a full-line sporting goods retailer
offering a broad assortment of brand name sporting goods equipment,
apparel, and footwear in a super store environment. As of February
3, 2007, the Company operated 294 stores in 34 states primarily
throughout the Eastern half of the U.S.
On February 13, 2007, Dick's completed
the acquisition of Golf Galaxy, Inc. for approximately $226 million.
Golf Galaxy, based in Eden Prairie, Minn.,
is a multi-channel golf specialty retailer. As of February 3,
2007, Golf Galaxy operated 65 stores in 24 states, ecommerce
websites and catalog operations.
Dick's operates two state-of-the-art Distribution
Centers, one located in Smithton, PA, near Pittsburgh, and one
in Plainfield, IN, near Indianapolis.
For fiscal 2007 which includes 53 weeks,
total revenues were $3.1 billion and net income of $112.6 million.
The Company expects to open 45 new Dick's
stores, 17 new Golf Galaxy stores and relocate one Dick's store
in 2007.
History
The year was 1948. Eighteen-year-old Dick
Stack was an energetic salesman at a small Army and Navy store
in Binghamton, NY. One day, the store owner asked Dick, an avid
fisherman, if it would be a good idea to sell fishing gear in
his shop. Dick offered to develop a plan.
After working tirelessly on a business
plan over a succession of sleepless nights, Dick nervously approached
the owner with his vision. The response was stinging. Dumbfounded,
Dick was told that he didn't know what he was doing and "would
never make a good merchant."
That evening, frustrated and dejected,
Dick retreated to his grandmother's home. She listened quietly
as he recounted his story. When he had finished, she rose silently
and went to the kitchen. Removing the lid from her cookie jar,
she extracted $300 of her hard-earned savings and pressed the
bills into Dick's hand." Dick, always follow your dreams,"
she advised.
With his grandmother's $300, Dick opened
a modest bait and tackle shop in Binghamton. By 1958, at the
urging of his loyal customers, he expanded his product line to
include much of what you'll find at Dick's Sporting Goods today.
The company went public in October, 2002.
Edward W. Stack has served as company Chairman
and Chief Executive Officer since 1984 when the founder and Edward
Stack's father, Richard "Dick" Stack, retired from
the then two store chain.
Updated April 1, 2007
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