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Dick’s Wise To Play Long Game Despite Wall Street Pressure

In a decision that presumably defies the wishes of some of its investors, Dick’s Sporting Goods last week said it would “significantly” reduce new store openings in the years ahead in order to avoid paying more for rent then they would a few years from now. According to CEO Ed Stack, Wall Street doesn’t necessarily like the company’s patience and focus on the long term and not just the next quarter or two.  However, some experts on the RetailWire BrainTrust praised Dick’s Sporting Goods.  “Stack is right that Wall Street won’t necessarily like it, but Wall Street doesn’t like negative comps either and over-building stores is a sure way to get them.” said Mark Ryski CEO of HeadCount Corporation.   Read the article