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Dick's Merchandising & Supply Chain, Inc. history
Dick's Merchandising & Supply Chain, Inc. company history timeline
By 1986 Dick's Clothing and Sporting Goods offered a complete line of sporting goods, including athletic apparel, footwear, and sports equipment.
The company opened the first Buffalo area store, in Cheektowaga, in March 1992.
Two additional stores opened in the Buffalo area and another two opened in Pittsburgh in 1995.
By January 1997, Dick's operated 51 stores; industry insiders estimated company sales at $10 million to $12 million per store, in contrast to The Sports Authority, with sales of $7.7 million per store.
The company reported $728.3 million in revenues for 1999, garnering a net income of $11.2 million.
1999: Chain Store Age Executive names Edward Stack Retail Entrepreneur of the Year; company name is changed to Dick's Sporting Goods.
By April 2001 the company decided to abandon active management of the web site because it had become unprofitable.
2001: Sales exceed $1 billion with more than 130 stores.
In October 2002 Dick's went public, offering 7.3 million shares of stock at $12.25 per share.
2002: Dick's Sporting Goods becomes a public company.
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