Dick’s Sporting Goods eyes bid for former rival

Dick’s Sporting Goods has cast its eye on another bankrupt sports retailer and former competitor.



In June, Dick’s acquired the intellectual property of the bankrupt Sports Authority. Dick’s is now preparing a bid for the U.S. business of Golfsmith International Holdings Inc., according to Reuters.



In making a bid, Dick’s is going up against an offer by Worldwide Golf Shops, according to the report.



Dick's operates its own specialty golf shops under the Golf Galaxy banner.



Golfsmith filed for bankruptcy in September, and said it would try to sell part of the chain as a going concern while closing some stores.