DICK'S Sporting Goods is optimizing its real estate portfolio
/Here’s the good news: DICK'S Sporting Goods opened seven House of Sport locations and 15 Field House stores in 2024, with plans to open 16 and 18, respectively, in 2025.
Now for the bad news: About 70% of these store openings are relocations or reimaginings of current stores, not net new openings, according to Dick’s CFO Navdeep Gupta.
Reimaginings can be several things like upgrading a regular Dick’s into a House of Sport concept, relocating an older store into a newer larger location or changing a Dick’s Public Lands banner store or a Moosejaw into a Dick’s branded store. In any event, Dick’s is a great concept every landlord wants to anchor a property.