This year proves ‘transformational’ for Dick’s
Retail group Dick’s Sporting Goods has reported sales revenues of almost $6.2 billion for the first half of its business year, the 26 weeks to July 31, 2021.
It said this figure represented an increase of 53% compared to the same period in 2020 and was 48% up on the corresponding period in 2019.
Its e-commerce revenues were down by 12% compared to the first half of 2020 when the group suffered enforced store closures because of covid-19. But compared to the first half of its 2019 business year, e-commerce sales increased by 124%.
At the lower end of its expectations, Dick’s said its full-year sales this year should exceed $11.5 billion. This would give it an increase of around 20% on its revenues in 2020 and an increase of closer to 25% compared to 2019.
Chief executive, Lauren Hobart, said on announcing the figures that there was “continued strong consumer demand across our diverse category portfolio”.
For his part, executive chairman, Ed Stack, commented: “We said 2021 was going to be the most transformational year in our history, and so far, it certainly has been.” He said Dick’s Sporting Goods would continue to invest in its efforts “to reimagine the athlete experience in our core business”.
