Dick’s Sporting Goods ended its year on an upbeat note, reporting better-than-expected sales and earnings, while revealing ambitious expansion plans for its newest store concept.
The sporting goods giant said it plans to open 20 locations for its experiential store concept, “Dick’s House of Sport” during the next two years, including nine stores this year. Looking ahead, Dick’s sees a total of 75 to 100 House of Sport locations during the next five years. The retailer debuted the concept in April 2021, and has since opened two additional locations.
“Our 2022 results provide a strong foundation upon which we will build in 2023 and well into the future,” said Lauren Hobart, CEO, Dick’s Sporting Goods. “Our fourth quarter was a strong ending to another strong year. As planned, we continued to address targeted inventory overages, and as a result our inventory is in great shape as we start 2023. We couldn’t be more excited about our spring assortment.”
The company operates more than 850 Dick’s Sporting Goods, Golf Galaxy, Public Lands, Going Going Gone! and Warehouse Sale stores. Dick’s also owns and operates Dick’s House of Sport and Golf Galaxy Performance Center stores as well as GameChanger, a youth sports mobile app for scheduling, communications, live scorekeeping and video streaming.
