WSJ: At-Home Fitness Fuels Sales at Dick’s Sporting Goods

Dick’s Sporting Goods said online and curbside orders comprised about 30% of sales in the latest quarter. PHOTO: SETH WENIG/ASSOCIATED PRESS
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Retailer’s sales from online and curbside orders nearly tripled for the second quarter, though uncertainty around the return to school is tempering results

With many gyms closed by the coronavirus pandemic, homebound Americans spent the summer buying new bicycles, golf clubs and treadmills—boosting sales at one of the few chains that sells them all, Dick’s Sporting Goods Inc. DKS 15.68%

The sporting-goods retailer said its e-commerce sales nearly tripled in the quarter ended Aug. 1, offsetting temporary store closures and more than doubling Dick’s profit from a year ago. But executives said uncertainty around the return to school and fall team sports is weighing on its sales in the current quarter.

Shares of Dick’s jumped 14% in Wednesday afternoon trading.

Read the full story at wsj.com

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