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Dick's Plans 800 US Stores

NEW YORK CITY-Sporting goods chain can double business within existing footprint, execs say.

By Debra Hazel | Updated on June 14, 2006

NEW YORK CITY-Seeking to dominate a fragmented sector, Dick’s Sporting Goods expects to be an 800-store chain within the next eight years, executives said at the Credit Suisse Consumer and Retail Conference here.

Now with 263 stores in 34 states, Pittsburgh-based Dick’s plans to increase its store count by 15% in each of the next eight years. The chain plans to end 2006 with 295 stores, having opened 40 units this year.

“We have as much open field as any category in the industry,” said Mike Hines, EVP and CFO. The market leaders account for only 16% of the sporting goods industry’s $50 billion in sales.

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