Against the tide of Retail Store Closures; DICK’S Sporting (DKS) Adds 5 New American Stores

DICK’S Sporting (DKS) Strengthens Base with 5 New Stores

In an effort to improve its existing store base and widen market reach, DICK’S Sporting Goods, IncDKS recently announced the opening of five new stores in four cities spread across Florida and California.

However, given the challenges looming over the retail space, many retailers have opted for store closures. Following suit, DICK’S Sporting also announced plans to bring a slowdown in its store growth plan. The company plans to reduce its store openings significantly from 43 namesake openings expected in fiscal 2017 to 15-20 anticipated in fiscal 2018 and narrowing down from 5 to no store openings in fiscal 2019.

 

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