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DICK'S Sporting Goods history
DICK'S Sporting Goods company history timeline
1958: The small shop becomes a full-fledged sporting goods store, known as Dick's Clothing and Sporting Goods.
By the late 1970's, he expanded his product line to include much of what you’ll find at DICK’S Sporting Goods today.
Dick Stack's son Edward worked at the store as a teenager, but did not join the business until 1977, when his father's emergency heart surgery required the younger Stack to become involved.
A second store opened in Binghamton by the time the elder Stack retired in 1984.
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.
1992: Dick's begins expansion outside Binghamton area.
The company relocated its headquarters to Pittsburgh in July 1994, coinciding with the opening of four stores in the area ranging in size from 32,000 square feet to 70,000 square feet.
At the end of 1994, Dick's counted 22 stores in its chain in 11 markets in Pennsylvania, Connecticut, New York, and Massachusetts.
Two additional stores opened in the Buffalo area and another two opened in Pittsburgh in 1995.
The rapid pace of growth continued in 1996.
1996: Over 50 stores are in operation, generating an estimated $10 million in sales per store.
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.
To accommodate continued growth of the chain and the addition of online sales, Dick's opened a new $20 million distribution center in Pittsburgh in February 2000.
By April 2001 the company decided to abandon active management of the web site because it had become unprofitable.
Dick's implemented a rapid computer sorting system and, in 2001, a group of integrated merchandise management applications for state-of-the-art analytic reporting, promotional price management, and advanced allocation and planning.
2001: Sales exceed $1 billion with more than 130 stores.
Dick's acquired Galyan's in July 2004.
The company agreed to purchase Golf Galaxy for $225 million in November 2006.
The company signed a 20-year naming rights agreement for Dick's Sporting Goods Park, a soccer-specific stadium for the Colorado Rapids team in Commerce City, Colorado, in 2006.
There were more than 357 Dick's stores in 38 states, as of mid 2008.
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.
In 2012, the company opened three True Runner stores targeting runners in Boston, the St Louis suburb Brentwood, and Pittsburgh's Shadyside neighborhood.
Dick's opened its first Field & Stream store in Cranberry Township, a suburb of Pittsburgh, in 2013.
In 2014, the Dick's Sporting Goods Foundation committed up to $2 million annually to fund youth sports via its Sports Matter program.
Dick's partnered with Carrie Underwood in 2015 to launch Calia, a fitness lifestyle line.
Jason Aldean became the Field & Stream brand's first spokesperson in August 2016.
Dick's purchased the San Diego-based sports management technology company Affinity Sports for an undisclosed amount in mid 2016.
Following Hurricane Harvey and Hurricane Irma (2017), the foundation donated $2 million to youth sports facilities and program in affected areas, including $120,000 for Houston's reVision soccer team, composed of immigrants from Africa.
In 2017, there were 690 Dick's stores, close to 100 Golf Galaxy locations, and approximately 30 Field & Stream stores.
Thirty-five Field & Stream stores are open across the country, as of 2018.
Lauren Hobart is president and chief executive officer of the company and Lee Belitsky is chief financial officer, as of 2018.
Our fifth distribution center opened in Conklin, NY, and announced a 2019 expansion of the DC to become our first-ever direct to consumer fulfillment center.
In 2019, Dick's launched its private-label clothing line called DSG. The company's other brands include the women's line Calia, and their menswear brand VRST.
More than 145 million USD has been pledged for youth sports initiatives, benefiting hundreds of thousands of athletes, as of December 2020.
Dick's is the largest sporting goods retail company in the United States, with approximately 854 stores, as of 2020.
Hobart succeeded Edward W. Stack as CEO on February 1, 2021, becoming the company's first female CEO.
Dick's opened its first "House of Sport" concept stores in Victor, New York and Knoxville, Tennessee in 2021.
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DICK'S Sporting Goods competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| Foot Locker | 1974 | $8.0B | 32,175 | 900 |
| Academy Sports + Outdoors | 1938 | $5.9B | 17,000 | 589 |
| Big 5 Sporting Goods | 1955 | $795.5M | 9,500 | - |
| Dunham's Sports | 1937 | $310.0M | 1,588 | 390 |
| Eastbay | 1980 | $8.0B | 10,001 | 12 |
| Big Lots | 1967 | $4.7B | 22,900 | - |
| Bed Bath & Beyond | 1971 | $5.3B | 55,000 | - |
| Nike | 1964 | $51.4B | 75,400 | 493 |
| Sears Holdings | 2005 | $1.4B | 85,000 | 687 |
| Burlington | 1972 | $10.6B | 40,000 | 4,394 |
DICK'S Sporting Goods history FAQs
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DICK'S Sporting Goods may also be known as or be related to DICK'S Sporting Goods, DICK'S Sporting Goods, Inc., Dick s Sporting Goods, Dick's Sporting Goods, Dick's Sporting Goods Inc and Dick's Sporting Goods, Inc.