Dick’s Sporting Goods, Wal-Mart and West Marine report
Category: press release
Dec 3rd, 2014 by OutdoorsFIRST
Modified Dec 3rd, 2014 at 12:00 AM
Dick’s Sporting Goods has taken its store portfolio across 46 states in the US to 597 following the opening of 45 new stores in 2014.
In the third and fourth quarters of the year, the Pittsburgh, Pennsylvania-based outdoor sports retailer opened its doors at 30 new retail outlets. It also continued to build its Field & Stream base with the addition of eight stores during the year.
The figures were revealed in its third quarter report to investors which also showed that net sales increased by 9% to approximately $1.5 billion. Same store sales at Dick’s Sporting Goods stores increased 1.1% on the same period last year.
Edward W. Stack, Chairman and CEO, said that other than hunting and golf sales, the remainder of the company’s categories continued to deliver strong results and posted a like-for-like increase of 4.6%.
North America’s biggest seller of fishing tackle, Wal-Mart, reported consolidated sales for the third quarter of $118.1 billion – an increase of 2.8% over the same period last year.
The Bentonville, Arkansas corporation, the world’s largest retailer, sells all the major brands of fishing tackle, including those from the Pure Fishing stable, Daiwa, Shimano, Zebco and Rapala. It also saw its e-commerce sales rise by 21%.
West Marine, which earlier this year announced plans to expand its products offer, including stocking more fishing tackle, saw sales in these extended lines rise by 13.7% compared to its core products, which fell 1.9% compared to last year.
The Watsonville, California-based boating and marine parts supplier, posted net sales of $195.5 million, an increase of 1.6% on last year. Like-for-like store sales increased 0.6%.
Matt Hyde, West Marine’s CEO, said: “Comparable store sales showed slight gains for the quarter and we experienced stronger results from our growth strategies in merchandise expansion. We remain focused on repositioning the business into a broader waterlife outfitter and growing sales of core boating products.”
Net revenues for the 39 weeks ended September 27th, 2014 were $546 million, an increase of 0.4%.