Retail Wire
AUGUST 20, 2021
Dick’s Sporting Goods has named Navdeep Gupta as its chief financial officer, replacing Lee Belitsky, who is remaining with the company to oversee its supply chain and other functions. Mr. Gupta joined Dick’s in 2017 as senior vice president of finance and chief accounting officer.
Retail TouchPoints
NOVEMBER 24, 2020
DICK’S Sporting Goods has promoted President Lauren Hobart to the roles of President and CEO, as of Feb. Hobart brings more than 25 years of finance, consumer and retail experience to the role. Current Chairman and CEO Edward Stack will assume the role of Executive Chairman and continue as Chief Merchant.
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Inside Retail
FEBRUARY 4, 2024
The company sold 105 million shares for US$13 instead of the US$16-18 it originally floated, putting Amer Sports’ valuation at over US$6 billion. The sporting goods conglomerate has a unique proposition with its broad portfolio of 11 brands that include Wilson Sporting Goods, Salomon and Arc’teryx.
Small Biz Trends
OCTOBER 10, 2022
The seller will provide two months of support and training as well as financing with $2,500,000 down SCN 36 months 8%. Tack & Sporting Goods Retail & Ecommerce Company. The business is located in Orange County, NY with an asking price of $3,680,000. The gross revenue is $2,681,117 with a cash flow of $933,919.
Small Biz Trends
AUGUST 13, 2022
Sporting Goods Store. This Sporting Goods Store specializes in trading and consigning fitness equipment. It also includes a huge selection of both new and used sporting goods for different sports. The gross revenue is $1,253,000 with a cash flow of $397,000.
Retail TouchPoints
SEPTEMBER 20, 2021
This has created significant opportunity for outdoor and sporting goods brands alike. . “I Maybe you share your backends, finance and some sourcing, and maybe there’s some crossover R&D you can share across different brands, but by and large these brands live on their own,” said Sundby.
Inside Retail
JUNE 5, 2023
Its bottom line is, however, not immune to cost pressures such as the rising interest rates that have driven up its financing costs a staggering 42 per cent in the first quarter of this year compared with a year ago. This was a significant milestone because, after a slump lasting two years, it finally brought sales above the level of 2019.
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