Sporting goods retailer Dick's reports for Q1 2005 – Loss on merger costs
18 May '05
6 min read
During the first quarter, the Company opened seven stores, and closed five stores as previously announced (four Dick's stores and one Galyan's store all of which were stores in overlapping trade areas due to the Galyan's acquisition). The stores that opened in the first quarter include: Greensburg, PA; Canton, CT; Seekonk, MA; Hamilton, OH; Bloomington, IN; Jacksonville, FL and Hadley, MA. Of the seven stores that opened in the first quarter, two stores were the two-level prototypes (Jacksonville, FL and Canton, CT).
As of April 30, 2005, the Company operated 236 stores, with approximately 13.6 million square feet, in 34 states.
"A terrific job was done by our information systems group, merchants and store operations in completing the conversion of systems, the re-merchandising of the assortment and reconfiguring the stores. We have completed the Galyan's conversion three months earlier than planned. All of the former Galyan's stores have the look and feel of a Dick's Sporting Goods store. All departments throughout the Company worked tirelessly to complete this conversion while delivering on their core responsibilities," said Edward W. Stack, Chairman & CEO.
Galyan's Conversion
The conversion, re-merchandising, and grand re-opening of the former Galyan's stores to Dick's stores is essentially complete. We expect to be operating the former Galyan's stores with the same merchandise assortments, financial discipline and customer service n
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