Tag: DICKS

DICK’S Sporting Merchandise Names Bob Eddy to Its Board of Administrators

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PITTSBURGH, Sept. 15, 2023 /PRNewswire/ — DICK’S Sporting Products (NYSE: DKS) now declared it has appointed Bob Eddy, the Chairman & Chief Government Officer of BJ’s Wholesale Club, to the firm’s Board of Administrators.

“We are thrilled to welcome Bob to our Board at an interesting time for DICK’S,” claimed Ed Stack, Govt Chairman of DICK’S Sporting Products. “Bob’s decades of retail encounter will be invaluable as DICK’S expands our most recent store ideas, and as we carry on to uncover approaches to innovate and deliver the best achievable expertise for our athletes.” 

“DICK’S is a genuine leader in its space, and I am delighted to sign up for the Board as the business is reimagining retail and thinking of new ways to interact with its athletes,” said Eddy. “DICK’S has a exceptional option to further condition the foreseeable future of both retail and athletics, and I glance ahead to doing work closely with the Board and the management workforce as they create price for their shareholders and athletes almost everywhere.”

Eddy has served as President and Main Executive Officer of BJ’s since April 2021. He was appointed Chairman in June 2023 and has served on the firm’s Board of Directors because 2021. Eddy first joined BJ’s in 2007 as Senior Vice President, Finance, was named Govt Vice President and Main Economical Officer in 2011 and became Govt Vice President, Chief Financial and Administrative Officer in 2018.

Prior to joining BJ’s, Eddy worked with retail and consumer products and solutions businesses as a member of the audit and company advisory observe of PwC in Boston and San Francisco.

Eddy serves on the Board of Administrators and Government Committee of the National Retail Federation and the Board of Trustees of The Boston Kid’s Clinic. He

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Dick’s Sporting Goods blames ‘increasingly serious’ theft problem for profit plunge

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New York
CNN
 — 

Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits.

The sporting goods and athletic clothing seller reported second-quarter results Tuesday morning that included a 23% drop in profit, despite sales that rose 3.6% in the period. Shares of Dick’s (DKS) plunged nearly 24% Tuesday.

The company blamed shrink, the industry term for theft and damaged inventory, for its surprisingly poor earnings. Although other national retailers have also warned investors about growing theft, Dick’s is among the first to blame its lackluster quarterly financial report primarily on theft.

“Our [second-quarter] profitability was short of our expectations due in large part to the impact of elevated inventory shrink, an increasingly serious issue impacting many retailers,” CEO Lauren Hobart said in a statement. Retail “shrink” is a term that refers to merchandise that goes missing due to theft, fraud, damage, accounting errors or other reasons.

Looking ahead, the retailer said it now expects its earning per share for the year to come in 12% below its initial forecast. The Pittsburgh-based retailer stuck to its full-year forecast for sales at stores open at least a year: flat to up 2%.

Retailers large and small say they are struggling to contain an escalation in store crimes — from petty shoplifting to organized sprees of large-scale theft that clear entire shelves of products. Target warned earlier this year that it was bracing to lose half a billion dollars because of rising theft. The retailer reported a large number of incidents of shoplifting and organized retail crime in its stores nationwide.

It’s not clear that crime is growing significantly more serious. Within the industry, at least one major player has argued that the problem is being overhyped: Walgreens (WBA) earlier this year changed

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Do Analysts Agree Tuesday on DICK’S Sporting Goods Inc (DKS) Stock’s Target Price?

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Tuesday, August 08, 2023 11:29 AM | InvestorsObserver Analysts

Mentioned in this article

Do Analysts Agree Tuesday on DICK'S Sporting Goods Inc (DKS) Stock's Target Price?

InvestorsObserver is giving DICK’S Sporting Goods Inc (DKS) an Analyst Rating Rank of 36, meaning DKS is ranked higher by analysts than 36% of stocks. The average price target for DKS is $152.888 and analyst’s rate the stock as a Buy.

Overall Score - 4
Wall Street analysts are rating DKS a Buy today. Find out what this means to you and get the rest of the rankings on DKS!

Why are Analyst Ratings Important?

Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.

InvestorsObserver takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.

What’s Happening With DICK’S Sporting Goods Inc Stock Today?

DICK’S Sporting Goods Inc (DKS) stock has gained 0.49% while the S&P 500 is down -1.12% as of 11:27 AM on Tuesday, Aug 8. DKS has gained $0.71 from the previous closing price of $145.84 on volume of 178,674 shares. Over the past year the S&P 500 has risen 7.92% while DKS has gained 44.17%. DKS earned $11.51 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 12.72.

Click Here to get the full Stock Report for DICK’S Sporting Goods Inc stock.

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Dick’s Sporting Products Open: Next straight get for Padraig Harrington

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CHICAGO – (June 27, 2023) – Wilson Sporting Products Co., the club maker with much more major wins with its irons than any other model, right now celebrates Padraig Harrington’s victory at the Dick’s Sporting Goods Open up held in Endicott, N.Y. at En-Joie Golfing Club. This is Harrington’s 2nd-straight acquire at the tournament. 

“Winning the identical tournament two many years in a row is a feat that is tough to arrive by, so we are thrilled to rejoice Padraig becoming the 1st participant to at any time protect his title effectively at the Dick’s Sporting Products Open up,” claimed Bob Thurman, basic supervisor of Wilson Golfing. “We’re very pleased to supply Padraig with the tools that served him claim his 37th job victory and we are unable to wait to root for him following week as he appears to be to win his 2nd-straight U.S. Senior Open.” 

Padraig Harrington - 2023 Dicks Sporting Goods Champion.jpg

Harrington caught fireplace on the back again 9 of his final round, shooting an astonishing 7-under 28, earning the win by a person stroke. The extensive-time Wilson ambassador birdied Nos. 12, 13, 14, 15 and 17, and included an eagle on No. 16 to get to a final rating of 18-below-par at En-Joie Golfing Club.

The marriage with Harrington, now in its 25th 12 months, is the longest-running partnership involving Chicago-primarily based Wilson and its most productive Tour player of the latest situations, as this marks Harrington’s 37th specialist gain.

Harrington’s bag included:
Wilson Utility: 24-diploma (4 iron)
Wilson CB Irons: 5 – 9, PW
Wilson Product Wedges: 52, 56 and 64 diploma

For more details on all Wilson items, which include woods, irons, wedges, putters, balls and components, stop by: www.Wilson.com 

Higher-resolution photos for editorial use can be downloaded In this article.

About Wilson Golf

For much more than

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DICK’S Sporting Goods Partners with Nike, Jordan Brand and Athletes For Next Phase of “Sports Change Lives” Campaign

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Carmelo Anthony, Sabrina Ionescu & Mike Trout among Nike and Jordan Brand stars featured; Each athlete will nominate a youth sports organization for a $75,000 “75for75” Sports Matter Grant; Exclusive, behind-the-scenes content available to connected DICK’S Scorecard and Nike Membership accounts

PITTSBURGH, June 6, 2023 /PRNewswire/ — Today, DICK’S Sporting Goods (NYSE: DKS) revealed the second creative expression of their “Sports Change Lives” campaign – this time in partnership with Nike, (NYSE: NKE) – marking the first time the two have joined forces on an ad campaign of this caliber.  Following the March unveiling of DICK’S new brand platform, this second phase consists of personal stories from 10 Nike and Jordan Brand athletes that spotlight the ways sports have changed their lives.

Courts Change Character: How Sports Changed Carmelo Anthony’s Life
Courts Change Character: How Sports Changed Carmelo Anthony’s Life

Experience the full interactive Multichannel News Release here: https://www.multivu.com/players/English/9140958-dicks-sporting-goods-nike-athletes/

Featured in the campaign are:

  • A’Ja Wilson – WNBA Forward, 2022 WNBA Champion, two-time WNBA MVP, four-time WNBA All-Star, and 2018 NCAA National Champion.
  • Alex Morgan – USWNT Soccer player, two-time FIFA Women’s World Cup champion and Olympic gold medalist.
  • Athing Mu – Track and field athlete, Olympic gold medalist and world U20 record holder.
  • Carmelo Anthony – Former NBA player, 10-time All-Star, ninth on the NBA’s all-time scoring list, three-time Olympic gold medalist and NCAA champion.
  • Davante Adams – NFL Wide Receiver, three-time First Team All-Pro, six-time Pro Bowl selection and two-time NFL receiving touchdown leader.
  • DJ Wagner – Collegiate Basketball player and #1 ranked high school basketball player in the class of 2023.
  • Mike Trout – MLB Center Fielder, three-time American League MVP, ten-time MLB All-Star and seven-time Silver Slugger award winner.
  • Najee Harris – NFL Running Back, 2021 Pro Bowl selectee, 2020 First Team All-American and Doak Walker Award winner.
  • Sabrina Ionescu –
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DICK’S Sporting Goods Showcases the Power of Sport in New “Sports Change Lives” Campaign

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Published 03-13-23

Submitted by DICK’S Sporting Goods

Sports Change Lives Collage

The campaign, based on the principles on which the company was founded, includes a 90-second brand anthem, a new partnership with the NCAA and a multimillion-dollar grant program from The DICK’S Sporting Goods Foundation in honor of the company’s 75th Anniversary

PITTSBURGH, March 13, 2023 /CSRwire/ – DICK’S Sporting Goods (NYSE: DKS) launched its largest brand campaign to-date – “Sports Change Lives” – to celebrate the principles on which the company was founded.

“Since DICK’S was founded 75 years ago, we have believed sports have the power to change lives. Whether it’s the friendships made in youth soccer, a coach who became a mentor, or a morning run that puts everything into perspective, the impacts of these experiences are what this campaign is all about,” said Ed Plummer, Senior Vice President and Chief Marketing Officer at DICK’S Sporting Goods. “Our 75th anniversary is a great opportunity to focus even more of our efforts on the communities and youth sports programs where we can make a lasting impact.”

The major components of “Sports Change Lives” are:

  • A new marketing campaign that highlights – through a new 90-second brand anthem – the positive impact sports participation has on individuals’ character, friendships, physical and mental health, academic achievement, and more broadly the ability of sport to bring together and inspire communities and the next generation of athletes. There will also be a second expression of the campaign featuring nine sport-specific 15-second spots. The marketing and media elements of the “Sports Change Lives” campaign were developed by Arts & Letters Creative Co in their first work for DICK’S.
  • Becoming the official sporting goods retail partner of the NCAA® and all 90 of its Men’s and Women’s Championships. The partnership will include exclusive category sponsorship rights
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