Dick's Sporting Goods Furloughs 'Significant Number' of Workers [TheStreet.com]
Dick's Sporting Goods Inc (DKS)
Last dick's sporting goods inc earnings: 3/10 07:30 am
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Source: TheStreet.com
Dick's Sporting Goods(DKSGet ReportIn a regulatory filing, the country’s biggest sporting-goods chain said it would furlough staff at its stores, distribution centers and headquarters effective April 12, 2020, "due to the uncertainty surrounding the length of its store closures.”The closures stem from the coronavirus pandemic. Dick’s in recent years has faced intense competition from discount brick-and-mortar retailers, such as WalmartWMTAMZNThe Pittsburgh company, like so many others, already has slashed capital spending and cut executive salaries in light of the pandemic. It also said last month that it’s considering a dividend cut.In addition, Dick’s notified the landlords of its stores that it doesn’t expect to pay rent in light of the coronavirus scourge, labeling the situation a force majeure, the Pittsburgh Business Times reported. That allows it to halt rent payments, the company argued.Dick's has more than 700 stores in 47 states and 97 Golf Galaxy locations.Analysts told the
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DKS
Earnings
- 11/25/25 - Miss
DKS
Sec Filings
- 12/5/25 - Form 10-Q
- 12/1/25 - Form 4
- 11/25/25 - Form 8-K
- DKS's page on the SEC website