Courtesy of Dick’s Sporting Goods
The Dick’s Sporting Goods brass — executive chairman Ed Stack, CEO Lauren Hobart and CFO Navdeep Gupta — participated in a fireside chat on Monday at Goldman Sachs’ Global Consumer and Retailer Conference in New York.
The 34-minute session largely focused on DSG’s disappointing Q2 earnings and industry headways; no questions were asked about GameChanger. But Gupta did credit GC and Dick’s Media Network for gross margin expanding 80 basis points in Q2 and said those investments are reflected in area like SG&A.
But Stack did offer an interesting youth sports-related take.
"We really believe a kid playing high school sports, they really need five different shoes," he said. "There are five different shoes on their shopping list."
Shoes for their sport (baseball cleats, basketball sneakers, etc.)
Running shoes
Training shoes
Recovery shoes
Shoes for school, going out
“Between Dick’s and Foot Locker, we are the retailer best positioned to service that need," Stack said.
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