×
197
Fashion Jobs
COLUMBIA SPORTSWEAR COMPANY
Assistant Merchandising Manager
Permanent · BENGALURU
NIKE
Senior Engineering Manager, Journey Analytics – Marketing Technology
Permanent · Bengaluru
RJCUBE STAFFING SOLUTIONS PVT LTD
Merchandising Manager For Garments Buying House, Noida
Permanent · Noida
ADD UR CO LLP
Production Manager
Permanent · Chennai
THE GLOBAL ZONE HR SERVICES
Production Manager/ Manufacturing/ Engineering/ Engineer/ Production
Permanent · National Capital Region
ADD UR CO LLP
Production Manager
Permanent · Chennai
ADD UR CO LLP
Logistics Manager
Permanent · Chennai
VERUSCHKA
Social Media And PR Specialist
Permanent · MUMBAI
VERUSCHKA
E-Commerce Manager
Permanent · MUMBAI
H&M
E-Commerce Commercial Manager
Permanent · NEW DELHI
H&M
Area Facility Manager
Permanent · NEW DELHI
SAROJ JALAN
Marketing Strategist
Permanent · KOLKATA
THE GLOBAL ZONE HR SERVICES
Production Manager/ Supervisor/ Incharge
Permanent · Pune
PUMA
Manager - Digital Marketing
Permanent · Bengaluru
THE BANYAN HR CONSULTS
Brand Manager For Leading Women's Wear Garments CO at Coimbatore
Permanent · Coimbatore
LEVI'S
Manager, Retail Merchandising (Ebo)
Permanent · Bengaluru
GLAN MANAGEMENT CONSULTANCY
Senior Buyer Lingerie (Knits Western Wear) - Retail Brand
Permanent · GURUGRAM
VASTRAKALA EXPORTS
Quality Manager
Permanent · CHENNAI
PUMA
Manager- Buying (Apparel)
Permanent · Bengaluru
PUMA
Manager- Business Intelligence
Permanent · Bengaluru
PUMA
Manager- Trade Compliance
Permanent · Bengaluru
LEVI'S
Technical Product Manager
Permanent · Bengaluru
By
Reuters
Published
Jan 7, 2015
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Dick's Sporting Goods explores going private

By
Reuters
Published
Jan 7, 2015

NEW YORK, USA - Dick's Sporting Goods Inc is holding early-stage conversations with a handful of buyout firms about going private, according to people familiar with the matter.

There is no formal sale process for the sporting goods retailer, these people said on Wednesday, and the Coraopolis, Pennsylvania-based company could still decide not to go forward with a deal if the preliminary talks do not pan out.

DR


Shares of Dick's Sporting Goods rose as much as 13.5 percent to $55.88 on the news of a possible sale, giving it a market value of roughly $6.7 billion (4 billion pounds). They were up 10.4 percent at $54.35 in afternoon trading.

A representative for Dick's Sporting Goods could not be reached for comment. The sources requested anonymity because the discussions are private.

Analysts have pegged Dick's Sporting Goods as a potential buyout target, in part because its share performance has lagged peers. At Tuesday's close, the stock had fallen 15 percent in the last 12 months, compared with a 6 percent rise for the Standard & Poor's 500 Sector Discretionary index.

The recent $8.7 billion leveraged buyout of pet supply retailer PetSmart Inc by private equity firm BC Partners may also signal renewed appetite from buyout groups for brick-and-mortar retailers, analysts have said.

Flush with cash, private equity firms are increasingly looking for large deals in consumer products and retailing even though tighter leveraged lending guidelines are limiting the amount of debt placed on buyouts.

Besides Dick's, analysts have also mentioned consumer electronics chain Best Buy Co Inc and home goods retailer Pier 1 Imports Inc as potential buyout candidates in the retail industry. Representatives for the two companies could not immediately be reached for comment.

Founded in 1948 by Dick Stack at the age of 18, Dick’s Sporting Goods offers sports equipment, apparel, footwear and accessories at more than 597 locations throughout the United States.

The company's net sales for the third quarter ended Nov. 1 rose 9 percent to $1.5 billion from a year earlier, while net income fell to $49.2 million from $50.0 million.

1 USD = 0.66 GBP

© Thomson Reuters 2022 All rights reserved.