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Article Date: November 2017
Word Count: 921

Sitting Pretty: Dick’s and Foot Locker


Last week, the two biggest retailers in the U.S. sporting goods sector reported their third quarters and, although the numbers were not especially pretty objectively speaking, they were much better than Wall Street expected. Both stocks rallied, even though they warned that the market remains very promotional and they will need to invest even more to prepare their businesses for the future. Investors evidently concluded that the sporting goods industry was not entirely dead and that maybe two pretty well managed retailers might survive and even thrive over the long haul.

 

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