Retail Bankruptcies Don't Always Help Surviving Rivals
A competitor's loss doesn't always translate into a win.
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.
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