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2017 brings new merchandising strategy for Dick's Sporting Goods

March 14, 2017

Dick's Sporting Goods plans to debut a new merchandising strategy this year.

The retailer reported better than expected financials last week, beating Wall Street analysts' predictions, according to a Business Insider report. Adjusted earnings hit $1.32 per share, .02 over expectations.

While same-store sales jumped by 5 percent in Q4, compared to a year ago, this year's same-store sales are likely to drop between 2 and 3 percent, states the report. Revenue was 2.48 billion, a 10.9 percent increase compared to a year ago Q4.

The new merchandising strategy will be "aggressive," according to CEO Edward W. Stack, and involve "optimizing" product assortment.