Dick’s to Sell Field & Stream Doors

Dick’s Sporting Goods reportedly is working a deal to sell eight Field & Stream stores for $28 million. Sportsman’s Warehouse Holdings Inc., a Utah sporting goods chain, said Monday the deal for the specialty stores is expected to close in mid-October.

The Field & Stream stores are located in Washington, Altoona and Camp Hill, Pa.; Horseheads and Rochester, N.Y.; Greensboro and Asheville, N.C.; and Troy, Mich., according to documents filed with the U.S. Securities and Exchange Commission.

“We are very pleased to announce this opportunistic expansion of our current 95-store base through the acquisition of these eight Field & Stream locations. Each of these stores operates in strong markets, with well-established customer bases,” said Sportsman CEO Jon Barker in a statement.

Dick’s had previously said it was evaluating the strategy for its hunting business, including its 35-store, outdoor-focused Field & Stream operation, as sales had been declining in part because of the retailer’s decision to pull back on gun sales.

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“Although the broader hunt industry also remains challenged, we believe that our firearms policy changes have contributed to a continuing decline in our hunt business,” the company said in its most recent quarterly report.