Dick's Sporting Goods

Shoppers like spending money with Dick’s Sporting Goods and the companies that transport goods to its stores and distribution centers think the retailer is pretty special too.

Lackluster traffic at its Golf Galaxy stores led Dick’s Sporting Goods to report a lackluster profit in the first quarter.

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.

The retailer formerly known as Restoration Hardware has hired a chief real estate officer to lead the latest installment of its evolution into a "design gallery": a 70,000-square-foot store in Las Vegas.

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.

Dick's Sporting Goods is targeting fitness-minded women with an all-new video campaign.

The retailer has begun airing eight 15-second commercial spots and one 60-second spot on sites such as Hulu, ESPN and ESPNW, and on May 15, the commercials will debut on TV. The company says these ads are the first to target women specifically under Dick's Sporting Goods’ broader “Who Will You Be?” campaign, which launched in March.

Covington, La. - Stirling Properties and CBL & Associates Properties, Inc. are announcing 12 new tenants coming to Fremaux Town Center in Slidell, Louisiana. Anchored by a 128,000-sq.-ft. Dillard's, the second phase of this development will include approximately 285,000-sq.-ft. of additional retail space, including previously announced tenants Red Robin, Zales, Francesca’s and Aveda.  

Construction is moving along as scheduled with a planned opening of Phase II in October 2015.

Dick’s Sporting Goods plans to spend $850 million over the next three years to add as many as 150 stores while growing total sales to as much as $9 billion with e-commerce contributing more than $1 billion.