Dix Sporting Goods, Inc. Is an American sports goods retail company based in Koropolis, Pennsylvania. In 1948 Richard “Dick” Stack founded the company. As of 2018, it has approximately 850 stores and 30000 employees. The company is listed on the Fortune 500 and is the largest sporting goods retailer in the country.
Subsidiaries of the companies include Golf Galaxy and Field & Stream. The company has a brand named Team Sports headquarters which is a collection of digital products. Edward. W. Stack is the company’s Chief Executive Officer and President, Lauren Hobart is the Chairman and Lee Belitzky is the Chief Financial Officer until 2018.
A Brief History of Dick’s Sporting Goods –
Richard started the company as a fishing shop in Binghamton, New York. In 1948 he took a $ 300 loan from his grandmother to start the company. His grandmother gave him money from his savings. Edward and his siblings later purchased the company from their father in the 1980s. During that time the company had 2 locations in upstate New York. Edward moved company headquarters in Pennsylvania in 1994, opened additional stores, and formed a board of directors.
His father retired in 1984 and Edward played the role of chairman and chief executive. He led the company in 2002 during its initial public offering. By 2009, Edward operated primarily throughout the eastern United States and then expanded the company to the Pacific Northwest and West Coast. In mid-2008, there were more than 357 stores in 38 states.
The company opened three True Runner stores in Boston in 2012 targeting runners. But in early 2017 the stores were closed. The first field and stream store was opened in 2013. In 2015 the women’s athletic, fitness and lifestyle store Chelsea Collective was launched, but in 2017 the stores closed. In early 2016, Dick’s Team Sports Headquarters was launched. It offered youth sports teams websites, uniforms and sponsorship options.
Major acquisitions of the company include – Galen in July 2004, Affinity Sports in mid-2016, Sports Authority’s brand names and intellectual property in September 2016 and Golfsmith in October 2016.