Welcome Guest! Please Sign in or Create an Account
The leader in Industry News, BicycleRetailer.com
Subscribe Today!
05/20/2009 5:00 PM MST
Dick's Same Store Sales Down 6 Percent

PITTSBURGH, PA (BRAIN)—Dick’s sales hit $959.7 million during the first quarter compared with $912.1 million last year. However, same store sales dropped 6 percent.

The sales boost was a result the company opening nine Dick's Sporting Goods stores and one Golf Galaxy store over the quarter, as well as expanding its e-commerce business. Inventory at its stores is down 10 percent at the end of the quarter over last year.

The company’s profit fell $19.6 million to $10.2 million, in part because of higher administration expenses and lower margins on goods sold. Costs related to the integration of Chick’s Sporting Goods cost the company $4.4 million over the quarter.

Looking forward, Dick’s expects its same store sales to drop 6 to 9 percent this year, compared with the 5 percent drop in 2008.
InterbikeThanksNewsDetails
Today is Sunday, Mar. 21, 2010
MerrySalesRightColSq
showers pass
Brain Blog
Weekly Survey
Q: For those who attended, what grade would you give this year's Bike Summit?
A
B
C
D
F
view results »
Submit For Posting. Submit your Press Releases, Events, New Product Info, Letters and More!
canecreekrightvert
View Resources
Bill Fields
Newsletter Sign Up
Get the RSS Feed of BicycleRetailer.com Current News