Wednesday, June 3, 2020

Dick's Sporting Goods opens 80% of stores, recovers some losses after COVID-19 shutdown

Press Connects
Temporary pandemic-related closings across the nation caused the nation's leading sporting goods retailer to report a 30% same-store first-quarter sales decline, resulting in a $143.4 million loss.

By May 30, however, Dick's Sporting Goods reported 80% of the chain's 858 stores were open, with consumers showing only a modest reserve about spending. Store openings began in mid-April and will continue through the second and third quarters, company representatives said. . . . more