Dick's Sporting Goods' Golf Struggles
REUTERS/Susana VeraThe golf business is depressing right now.The golf industry is weak, and it is hurting sales at retailers like Dick's Sporting - https://Openclipart.org/search/?query=Dick%27s+Sporting Goods.
In the second quarter, sales at Dick's Golf Galaxy stores fell 9.3% on a comparable-store basis. This was actually worse than the 8.7% drop forecasted by analysts.
Dick's also said it would take a $20.4 million pre-tax charge related to restructuring initiatives in its golf business. Читать дальше...