DICK'S Sporting Goods

DICK’S Sporting Goods Inc. is the largest sporting goods retailer in the United States, listed on the New York Stock Exchange under DKS and headquartered in Coraopolis, Pennsylvania. The company reported net sales of approximately $13.4 billion in fiscal year 2024 across more than 850 stores. The Stack family retains control through a dual-class share structure: Ed Stack, son of founder Dick Stack, serves as Executive Chairman, while Lauren Hobart became CEO in 2021, the first person outside the founding family to hold the role.

Dick Stack founded the business in 1948 in Binghamton, New York, opening a bait-and-tackle shop with $300 borrowed from his grandmother after the army-surplus store where he worked dismissed his ideas for entering the fishing-tackle trade. The company grew from that single store into a national big-box sporting goods chain, expanding aggressively through the 2000s and 2010s as competitors including Sports Authority, Sport Chalet, and Gander Mountain filed for bankruptcy and liquidated, leaving DICK’S as the dominant surviving national full-line operator. In 2025, DICK’S completed its acquisition of Foot Locker in a transaction valued at approximately $2.4 billion, adding the global sneaker specialist’s roughly 2,400 stores and substantial international footprint to a company that had previously operated almost entirely within the United States. The acquisition followed the earlier Catalyst-era consolidation of athletic retail and gave DICK’S a mall-based sneaker banner and overseas presence it had not built organically.

The company operates a multi-format store strategy that has reshaped its real estate requirements. The flagship DICK’S big-box format anchors regional centers and power centers at 50,000 to 90,000 square feet, while the newer House of Sport experiential format runs 100,000-plus square feet with rock-climbing walls, batting cages, running tracks, and outdoor turf fields, functioning as a destination anchor rather than a conventional box. The Going, Going, Gone! clearance banner and Warehouse Sale formats handle off-price liquidation, and the Foot Locker, Champs Sports, and Kids Foot Locker banners now add enclosed-mall sneaker retail to the portfolio. Within the Malls.com network, DICK’S holds positions at Eastview Mall near Rochester, Del Amo Fashion Center and Fashion Island in the Los Angeles market, Aventura Mall and Dadeland Mall in Miami, The Florida Mall in Orlando, Woodfield Mall near Chicago, King of Prussia Mall, Roosevelt Field on Long Island, Westfield Garden State Plaza in New Jersey, Easton Town Center in Columbus, The Domain in Austin, and Park Meadows near Denver, spanning regional, super-regional, and power-center formats.

For landlords, DICK’S functions as a large-format anchor whose category dominance and creditworthiness make it one of the more sought-after big-box tenants in US retail real estate, particularly for backfilling vacated department-store anchor boxes where the floor plate suits the House of Sport experiential format. The House of Sport rollout is the company’s principal growth vehicle, with each location drawing extended dwell times and weekend destination traffic that benefit surrounding co-tenancy, and DICK’S has guided toward converting a meaningful share of its full-line fleet to the larger format over the second half of the decade. The Foot Locker acquisition adds a second leasing relationship in the enclosed-mall sneaker category, giving operators two distinct DICK’S-controlled tenant types: the destination big-box anchor in power and regional centers, and the inline mall sneaker store under the Foot Locker and Champs banners.