A Business For Fishing Equipment Essay - 1482 Words

The company was founded in 1948 by Dick Stack which was just a business for fishing equipment at first. By 1958, he expanded his product line for all kinds of sports. Some years later, his son, Ed Stack, took over the business where he currently is the CEO and Chairman of this retail store. This Omni-channel retailer is offering a broad assortment of brand name sporting goods equipment, apparel and footwear to serve and inspire athletes and outdoor enthusiasts to achieve their personal best. (Funding Universe, 2004) Their financial position is very good. When comparing their gross profit from their past 3 years, we can see a slight increase each year. It ´s business is operating very well and has even made its sales target for 2017 to $9.00 billion. (PRNewswire, 2015) How did a retailer for fishing equipment actually come to those numbers of $9.00 billion? Wall Street is more than an indication for the positioning of a company. So ahead to earnings, Wall Street experts give for Dick’s Sporting Goods a high recommendation. The company is very well positioned due to its analytical part as the target price for stock raised almost 6% over the last year’s price. The Wall Street Journal points out to a recent survey done by the Sports Fitness Association that says that even though more people are participating in sports, people have spent less money on team sports since 2013. Sporting goods stores like Dick s can get lost between specialty stores that appeal to those who maybeShow MoreRelatedDeep Sea Fishing Essay1078 Words   |  5 PagesDeep Sea Fishing vs Freshwater Fishing What does Deep Sea and Freshwater fishing have in common, and how are they different from each other? Deep Sea fishing has many techniques that Americans can use that are effective. Also, Freshwater fishing has its own techniques that will work. 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