Dick's Sporting Goods Adds Stores
When its chief brick-and-mortar rival, Sports Authority, declared bankruptcy, it seemed like Dick's Sporting Goods (NYSE: DKS) had a clear path to success. In reality, the reasons Sports Authority failed plague Dick's too.
The chain, however, has steadily worked to fix its issues and has had some success. It posted a 6% gain in same-store sales in the third quarter and raised its full-year guidance.
Those are the chain's best quarterly comparable-store sales since 2013. That success -- and the long-term plans the company has put into place -- have shown that physical locations remain important for growth.
Source Fool.com
