WEATHER ALERT
Dick’s 2Q profit falls, and the retailer lowers its full-year outlook -- on worries of theft
Read full article: Dick’s 2Q profit falls, and the retailer lowers its full-year outlook -- on worries of theftDick’s Sporting Goods profit slipped in its second quarter and missed Wall Street’s expectations as the retailer cut its full-year profit outlook, citing worries over theft at its stores.
No sweat: Dick's crushes 2Q as consumers focus on fitness
Read full article: No sweat: Dick's crushes 2Q as consumers focus on fitnessAt home workouts and outdoor athletic activities are shaping up to be good business for Dick's Sporting Goods. The retailer's second-quarter results easily beat Wall Street's expectations as consumers continue to focus on health and wellness while stuck at home amid the coronavirus pandemic. During this pandemic, the importance of health and fitness has accelerated and participation in socially distant, outdoor activities has increased. Sales at stores open at least a year, a key gauge of a retailer's health, increased 20.7%. Families are now expanding beyond workouts to socially distant activities that everyone can enjoy, like hikes, backyard camp outs and fishing.