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Big 5 Sporting Goods history
Big 5 Sporting Goods company history timeline
It was founded in 1955 by Maury Liff.
Sports merchandise became so popular that in 1963 management decided to specialize in it, and in December of that year changed its operating name to "Big 5 Sporting Goods."
To support this growth, Big 5 installed and implemented new merchandising, distribution, and financial systems, allowing management to accomplish an inventory reduction strategy in 1995, a move instrumental in maintaining the company's ongoing fiscal health.
In November 1997, Miller led a management effort to control the destiny of the company, raising $250 million to acquire a controlling interest in Big 5 from Leonard Green.
In 1998, the company entered a new market in Utah, and during the year opened 12 new stores, one of which replaced an older unit.
With the stock market adversely impacted by the terrorist attacks of September 11, 2001, the offering was postponed.
In 2001, Big 5 entered a new market, Colorado, opening two stores.
In 2002, Big 5 opened its largest store that was 1 million square feet in Riverside California.
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Big 5 Sporting Goods competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Academy Sports + Outdoors | 1938 | $5.9B | 17,000 | 577 |
| Eastbay | 1980 | $8.0B | 10,001 | 2 |
| Walmart | 1962 | $681.0B | 2,300,000 | 45,014 |
| Citi Trends | 1946 | $747.9M | 2,800 | 921 |
| Zumiez | 1978 | $889.2M | 1,650 | 73 |
| Olympia Sports | 1975 | $320.0M | 2,000 | - |
| Rack Room Shoes | 1920 | $23.0M | 155 | 363 |
| Mizuno KK | 1906 | $74.4M | 200 | - |
| Brookstone | 1965 | $117.7M | 3,000 | 15 |
| Foot Locker | 1974 | $8.0B | 32,175 | 819 |
Big 5 Sporting Goods history FAQs
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Big 5 Sporting Goods may also be known as or be related to BIG 5 SPORTING GOODS CORP, Big 5 Sporting Goods, Big 5 Sporting Goods Corp., Big 5 Sporting Goods Corporation and Big 5 Sporting Goods Inc.