Dick’s Sporting Goods is one of the largest sporting-goods chains in the nation — and growing. Even in a crippling recession, Dick’s senses it can more than double the number of stores in its portfolio. Dick’s still sees room for 800 stores, although it only operates 384 today. Joe’s Sports & Outdoor, a 30-store chain in the Northwest, has filed for bankruptcy. That move could give Dick’s a chance to move into that region of the country, and if bankruptcies by other chains follow, there could be more opportunities.
Though Dick’s management still sees expansion opportunities long term, the chain is tempering its store openings this year, with one Gold Galaxy and 19 Dick’s on tap. Stack said there are less places to go that developers can build with suitable co-tenants.