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Stock impact report

Tech retailer announces new stores for the first time in a decade [Yahoo! Finance]

Dick's Sporting Goods Inc (DKS) 
Last dick's sporting goods inc earnings: 3/10 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.dicks.com
Company Research Source: Yahoo! Finance
In the early 2000s, Best Buy was the place to go for all of your technology needs. Best Buy's stores had all of the newest phones, PCs, and gaming consoles on display so you could physically interact with them before making a purchase. Its blue-shirted staff didn't work on commission, which made their advice feel less like a sales pitch and more genuinely helpful. And the vibes were always high, with pop ballads blasting over the surround sound speaker system and Geek Squad staff on hand to help you solve even the most complex tech issues. But that all began to change in the late 2010s and early 2020s. A shift in consumer behavior, largely driven by Covid, saw a growing number of shoppers electing to shop online rather than in-person. Electronics stores like Best Buy were among the hardest hit by these changes. Between 2017 and 2022, they saw a $9 billion, or 12%, drop in revenues and a 40.8% decrease in their workforce, according to data from the US Census Bureau As a result Show less Read more
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