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Dick’s Sporting Goods connects with Q1 profit, sales; plans 60 new stores
Pittsburgh – Dick’s Sporting Goods Inc. met Wall Street expectations with net income of $63.34 million in the first quarter of fiscal 2015, a 9% decrease from $69.99 million the same period a year earlier. The retailer also met the Street with consolidated net sales of $1.56 billion, a 9% increase from $1.34 billion.
However, same-store sales growth of 1% fell short of Wall Street predictions. Rising selling, general and administrative (SG&A) and pre-opening expenses dug into Dick’s profit.
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RH names real estate chief
Corte Madera, Calif. - David Stanchak has joined RH (Restoration Hardware Holdings Inc.) as chief real estate and development officer, effective immediately. In this newly created position, Stanchak will be leading the transformation of RH’s current legacy galleries into next generation Design Galleries, with responsibility for the company's real estate and store development efforts.
Stanchak will report to RH’s chairman and CEO Gary Friedman, and serve as a member of the company’s executive leadership team.

