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.
“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.