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Retailer confident despite flat sales and job losses

22/08/2023
Retailer confident despite flat sales and job losses

US sports retailer Dick’s Sporting Goods has reported 1.8% growth in the second quarter but has revised its full-year expectations downwards.

It also announced “business optimisation to better align talent, organisational design and spending to support growth opportunities and streamline cost structure”.

Bloomberg reported that 250 people lost their jobs, according to a person familiar with the matter.

Despite this, chairman Ed Stack commented on growth opportunities: "We are extremely excited about the future of our business.

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