Dick’s Bouncing Back From COVID Crash

While its losses for the quarter are higher than predicted, Dick’s Sporting Goods is showing plenty of resilience. Driven by America’s intense desire to stay fit while staying at home, the Pittsburgh-based retailer says it’s well positioned to gain on health and wellness trends. And while Dick’s posted a 30% drop in comparable-store sales, observers are encouraged that four weeks into the second quarter -- a period when an average of 44% of its store fleet was still closed -- it notched a decline of just 4% in sales, compared to 2019. Still, the first quarter was bleak. Total sales sank 31%, to $1. 33 billion.

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