Wednesday, May 17, 2017

Dick’s Sporting Goods Fails to Capitalize on Sports Authority’s Bankruptcy

Image result for dick's sporting goodsDick's Sporting Goods shares took a huge beating on Tuesday after the retailer reported weak sales despite the bankruptcy of a key competitor and announced job cuts.

The sports gear chain said first-quarter comparable sales, which include online sales but exclude business at newly opened or closed stores, rose 2.4%, below its own earlier projections and those of Wall Street analysts, who on average expected 3.6% growth, according to Consensus Metrix. . . . more

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