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Showing posts with the label Sporting Goods

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Dick's $10 Billion Plan Requires Patience

Anyone who follows the sporting goods sector or retail in general probably identifies Dick's Sporting Goods ( NYSE: DKS     ) as a premier operator in the industry. The company has long generated strong margins and profits while expanding its retail base to grab market share from struggling competitors such as Sports Authority . Unfortunately as Dick's store base recently surged beyond 500 locations, the rate of growth has considerably stalled, leaving investors wondering if the growth years are in the rear view mirror. During the recent analyst day, the management team laid out a 5-year plan of growing the revenue base to $10.0 billion from the $5.8 billion generated in 2012 and expanding margins via several initiatives. One of the major goals is to develop a store concept beyond the maturing Dick's brand. Read the full article here . Disclosure: No position mentioned. Please read the declaimer page for more details.

Impressive Grand Opening for Dick's Sporting Goods in Tulsa Metro Area

After years of being an investor in Dick's Sporting Goods (DKS) and not actually being able to shop at the retail locations, the company finally opened a sporting goods store in my area. In fact it opened three stores in the Tulsa metro area over the weekend. As a sports enthusiast and investor, DKS probably provides me the ultimate junction of hobby and professional life of any stock worth owning. The grand opening was complete with one of the biggest media blitzes that I've seen or maybe just noticed. Possibly its just that I listen to the sports show on the radio or read the local sports section that I happened to notice the advertising by DKS more than say a women's clothing store or the Chipotle Mexican Grill (CMG) when it arrived. Most people have probably witnessed grand openings of DKS prior so this is already first hand knowledge, but the grand opening ordeal was complete with autograph sessions of OKC Thunder players, past local football greats like Barry Sa...

Dicks's Sporting Goods Eyes Store In My Area

After years of being an investor in Dick's Sporting Goods (DKS) and not being able to shop there since they aren't located in Oklahoma, it appears they are finally looking at a location in Broken Arrow just down from my office. They've owned the Golf Galaxy store in Tulsa for a while now, but this will be the first Dick's store within several hundred miles. According to the Tulsa World , BA approved a $900K tax rebate incentive for a store at the Shops at Broken Arrow site. The deal would give Dick's a $90K sales tax rebate for 10 years. Seems like quite the deal for a strong retailer like DKS. From a competition stand point, this location is ideal with BA having a population of close to 100K with zero access to big league sporting goods store. Not to mention any stores in Tulsa like Academy and Sports Authority are very far away. And of course they aren't much competition anyway. The store would also be within a mile of the largest high school in the state....

Dick's Sporting Goods Continues to Shine

Another quarter and another solid report from Dick's Sporting Goods (DKS). DKS has to be one of the best run retailers in the world. They continually take market share in a fragmented sporting goods market that has mainly weak competitors. This trend should continue for years. For Q4, DKS reported earnings of $0.76 after forecasting roughly $0.70 on the Q3 report. They achieve this growth mostly by seeing 9% comp sales growth gained mostly from an 8.6% increase at Dick's Sporting Goods stores and a whopping 36% increase in e-commerce. As they continue to gain market share, its possible that the e-commerce site becomes the go to destination with a preference for in store returns to a superior retailer. See the rest of the story at Seeking Alpha . Disclosure: Long DKS. Please review disclaimer page.