Dick’s has emerged as one of the reigning winners of the pandemic era, boosted both by investments in its digital and omnichannel operations, as well as a broad shift in the populace toward fitness and outdoor activities.
That applies to both the company’s performance so far this year and its investments in the future of the business. On the former, the retailer “delivered an outstanding quarterly performance” that “easily” beat analyst estimates, said Telsey Advisory Group analysts led by Joe Feldman in an emailed research note. “Dick’s is gaining share through its curated assortment of national brands, differentiated private brands, and e-commerce, which is helped by its off-mall locations that provide convenient BOPIS and curbside pickup experiences,” the analysts added.
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