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DICK’S Sporting Goods Adds Six New Discount Concept Stores

Retail TouchPoints

In June , DICK’S Sporting Goods launched its two new discount-focused store concepts — DICK’S Sporting Goods Warehouse and OVERTIME by DICK’S Sporting Goods — with the opening of five Warehouse and three OVERTIME locations. Four of the Warehouse stores debuted last weekend, in Amherst, N.Y.;

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7 Stories that Shaped 2023 — and What They Foretell for 2024

Retail TouchPoints

But in the midst of this rampant sector growth, public companies operating in resale, like ThredUp and The RealReal , found themselves under increasing pressure from investors and shareholders to make not just headlines but actual profits. Nicole Silberstein 2. Adam Blair 5. Alicia Esposito 7. billion in retail shrink was due to ORC.

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Citing Theft and Safety Issues, Target Closes 9 Stores in 4 States

Retail TouchPoints

Target and other retailers , including Dick’s Sporting Goods and Lowe’s , have been blaming theft and other forms of shrink as one reason for lackluster financial performance this year. reduced specific stores’ operating hours; 29.7% leaving 15 stores in this market. in 2021 and in line with shrink rates seen in 2020 and 2019.

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Dick’s to Open 16 Next-Gen ‘50K’ Stores, Expand House of Sport Format in 2024

Retail TouchPoints

Dick’s Sporting Goods posted strong results in fiscal 2023, which ended Feb. 3, 2024, with $13 billion in net sales, 5% higher than the previous year, and a 2.4% increase in comp store sales.

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6 Trends Driving Store Design Innovation in 2024

Retail TouchPoints

Trend 2: Technology will Elevate Omnichannel Performance and Key Value Props Nearly two-thirds ( 63% ) of respondents to Retail TouchPoints’ annual Store Design & Experience Survey shared that better integrating technology into the experience was a top priority for them in 2023. customer experience).

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Dick’s Doubles Down on House of Sport Format, Planning 19 New Locations by 2024

Retail TouchPoints

Through a combination of converting existing stores and building at least 10 new stores next year, Dick’s Sporting Goods will add at least 19 House of Sport locations by 2024. 28, 2023, the retailer will convert the remaining 17 stores to House of Sport or larger-format Dick’s stores.

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Three Design Tips for Fighting Shrink

Retail TouchPoints

Be tough — but preserve the customer experience. Along the same lines, Dick’s Sporting Goods pointed to retail theft as the cause of its approximately 23% decline in profitability during the second quarter. This could help them harmonize twin goals — deterring crooks and preserving the customer experience.