Dick’s Sporting Goods has now purchased Chick’s Sporting Goods, the formerly family run retailer with 14 stores in California, according to The Motley Fool.
The $71 million deal for Chick’s is not important for its size. The $100 million in revenue Chick’s realizes in annual sales pales in comparison to the $3.1 billion Dick’s reaped during its last fiscal year. Rather, it’s a warning to other sporting goods retailers: Dick’s is putting its imprimatur on the market nationwide.
[Link: The Motley Fool]
