DICK'S Sporting Goods Inc. DKS is progressing well with the expansion of its All-American Sports Center store model, first launched in Jul 2015. This model accommodates both its namesake and Field & Stream stores under the same roof. The company announced the opening of another All-American Sports Center in Oregon.
The new store is slated to open doors on Oct 7 and will be located at Northgate Marketplace in Medford, OR. The grand opening celebrations for the store will continue for three days, through the weekend.
The new store will offer customers the convenience to shop for all DICK’S Sporting and Field & Stream products at one location, thereby enhancing their shopping experience. Additionally, this outlet will offer an all-new and enhanced collection of footwear. This includes casual footwear as well as shoes exclusively for sports performance.
In order to attract customers to its new store during the celebration period, the company has declared a range of lucrative giveaways, including a chance to open the DICK’S Sporting Gift Locker or the Field & Stream Locked and Loaded Prize Safe. Additionally, customers walking into the store during the weekend will receive free mystery gift cards and other premium items.
Further, several special guests are invited to make in-store appearances throughout the weekend to cheer customers.
We believe that this full-line sporting goods and apparel retailer will benefit from its in-store action and online growth strategies. DICK’S Sporting has been gaining from the expansion of its omni-channel network, and powerful marketing and merchandising strategies. Moreover, the company’s customer-oriented strategies and healthy financial status bode well, as evident from its constant shareholder-friendly moves.
DICK's Sporting currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
DICK's Sporting was up 0.1%, closing at $61.59 on Sep 22.
Stocks to Consider
Apart from DICK's Sporting, there are many other players like Ross Stores Inc. ROST, Nordstrom Inc. JWN and DSW Inc. DSW, which are firing on all cylinders with regard to expansion of store base.
While Ross Stores, with a Zacks Rank #2 (Buy), operates as a full-line sporting goods retailer through more than 645 stores, Nordstrom is a leading fashion specialty retailer that currently operates 334 stores and also carries a Zacks Rank #2. DSW Inc., carrying a Zacks Rank #3, is a footwear and accessories retailer, with its store count likely to approach the 500 mark soon. Notably, all three aforementioned stocks have witnessed an uptrend in the Zacks Consensus Estimate for fiscal 2016, over the past 60 days.
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