Dick's Sporting Goods 2014 Annual Report Download - page 30

Download and view the complete annual report

Please find page 30 of the 2014 Dick's Sporting Goods annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 114

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114

4
Any serious disruption at our distribution facilities;
Performance of professional sports teams, professional team lockouts or strikes or retirement or scandal involving
sports superstars;
The seasonality of our business;
Regional risks because our stores are generally concentrated in the eastern half of the United States;
Our pursuit of strategic investments or acquisitions, including costs and uncertainties associated with combining
businesses and / or assimilating acquired companies;
We are controlled by our Chairman and Chief Executive Officer and his relatives, whose interests may differ from
those of our other stockholders;
Our current anti-takeover provisions, which could prevent or delay a change in control of the Company;
Our current intention to issue quarterly cash dividends; and
Our repurchase activity, if any, pursuant to our share repurchase program.
The foregoing and additional risk factors are described in more detail herein under Item 1A. "Risk Factors". In addition, we
operate in a highly competitive and rapidly changing environment; therefore, new risk factors can arise, and it is not possible
for management to predict all such risk factors, nor to assess the impact of all such risk factors on our business or the extent to
which any individual risk factor, or combination of risk factors, may cause results to differ materially from those contained in
any forward-looking statement. The forward-looking statements included in this Annual Report on Form 10-K are made as of
this date. We do not assume any obligation and do not intend to update or revise any forward-looking statements whether as a
result of new information, future developments or otherwise except as may be required by the securities laws.
PART I
ITEM 1. BUSINESS
General
Dick's Sporting Goods, Inc. (together with its subsidiaries, referred to as the "Company", "we", "us" and "our" unless specified
otherwise) is a leading omni-channel sporting goods retailer offering an extensive assortment of authentic, high-quality sports
equipment, apparel, footwear and accessories through a blend of dedicated associates, in-store services and unique specialty
shop-in-shops. The Company also owns and operates Golf Galaxy, Field & Stream and True Runner specialty stores. The
Company was founded in 1948 when Richard "Dick" Stack, the father of Edward W. Stack, our Chairman and Chief Executive
Officer, opened his original bait and tackle store in Binghamton, New York. Edward W. Stack joined his father's business full-
time in 1977 and in 1984 became President and Chief Executive Officer of the then two store chain. Our vision is to build
leading brands that serve and inspire athletes and outdoor enthusiasts around the world to achieve their personal best; create
value for our stockholders through the relentless improvement of everything we do; and make a lasting impact in our
communities through sport.
We were incorporated in 1948 in New York under the name Dick's Clothing and Sporting Goods, Inc. In November 1997, we
reincorporated as a Delaware corporation and in April 1999 we changed our name to Dick's Sporting Goods, Inc. Our executive
office is located at 345 Court Street, Coraopolis, Pennsylvania 15108 and our phone number is (724) 273-3400. Our website is
located at www.DICKS.com. The information on our website does not constitute a part of this Annual Report on Form 10-K.
We include on our website, free of charge, copies of our Annual and Quarterly Reports filed on Forms 10-K and 10-Q, Current
Reports on Form 8-K and amendments to those reports filed or furnished pursuant to the Securities Exchange Act of 1934, as
amended.
As of January 31, 2015, the Company operated 603 Dick's Sporting Goods stores in 46 states, 78 Golf Galaxy stores in 29
states, 10 Field & Stream stores in five states and three True Runner stores in three states. We also operate eCommerce websites
at www.DICKS.com and www.golfgalaxy.com.