Possibly looking for was to combat COVID-19’s ecommerce onslaught, Dick’s Sporting Goods is expanding two new low-priced concepts.
The sporting goods powerhouse first opened three clearance centers last year in Michigan, South Carolina and Wisconsin. But 11 new stores – dubbed either Overtime by Dick’s Sporting Goods and Dick’ Sporting Goods Warehouse – expand its off-price presence to nine states. Those include Connecticut, Indiana, Maryland, Missouri, Ohio and Pennsylvania. Both concepts will offer a continually updated selection of brand-name items, some at as much as 90% off, said Dick’s.
The move comes just after the Pittsburgh-based retailer reported a $143.4 million net loss for the first quarter, as it closed its stores and moved to protect associates during the pandemic. Ecommerce sales soared 210% during the period of store closures.