Wednesday, March 8, 2017

Retail Bankruptcies Don't Always Help Surviving Rivals

Dick's Sporting Goods
A competitor's loss doesn't always translate into a win.

Dick's Sporting Goods Inc. said Tuesday that sales at established stores rose 5 percent in the most recent quarter from the year before as it picked up retail locations from now-defunct sporting goods competitors such as Sports Authority and Golfsmith.

 But the company also warned sales and earnings growth would slow in the coming year, lower than analyst consensus, even as it opens 60 new stores.. . . more

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