Dick's Sporting Goods 2013 Annual Report Download - page 38

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Prior to that, he was the General Operations Manager for Circuit City from 1984 to 1994. Mr. Duken holds a B.S. in Business
Administration from the University of Southern California, Marshall School of Business.
David I. Mossé – 40, became our Chief Strategy Officer and General Counsel in February 2013. Previously, Mr. Mossé was
our Senior Vice President - General Counsel and Corporate Secretary since 2010. Prior to joining the Company, Mr. Mossé
served as Senior Counsel, Chief Compliance Officer and Investment Team Member of Trian Fund Management, LP, a private
investment firm based in New York, NY, since 2005. Prior to that, he served as Vice President and Assistant General Counsel of
Triarc Companies, Inc. (NYSE: WEN), a publicly traded holding company that, at the time, owned several operating businesses
including the Arby's restaurant system and Deerfield Capital Management. Mr. Mossé also spent several years as an attorney
with the law firms Cravath, Swaine & Moore in New York, NY, where he began his career, and the Venture Law Group in
Menlo Park, California. Mr. Mossé earned his BA from Duke University and his Juris Doctor from New York University
School of Law.
Joseph R. Oliver – 54, has served as our Senior Vice President and Chief Accounting Officer since April 2011 and prior to that
served as our Controller since November 2009. Previously, Mr. Oliver served as our Vice President and Controller since
February 2006 and as our Director of Accounting from May 2000 to February 2006. Prior to joining Dick's Sporting Goods,
Mr. Oliver was employed by Dominion Resources, Inc. (NYSE: D) from 1983 to 2000 in various finance functions, most
recently as Director of Accounting.
Lauren R. Hobart – 45, joined Dick's Sporting Goods in February 2011 as our Senior Vice President and Chief Marketing
Officer. Prior to that, Ms. Hobart spent 14 years with PepsiCo, Inc. (NYSE: PEP), most recently serving as Chief Marketing
Officer for its Carbonated Soft Drink portfolio in the United States. During her career at PepsiCo, Ms. Hobart held several
other significant marketing roles and also spent several years in strategic planning. Prior to joining PepsiCo, Ms. Hobart
worked in commercial banking for JP Morgan Chase and Wells Fargo Bank. Ms. Hobart also serves as a member of the Board
of Directors of Sonic Corp. (Nasdaq: SONC).
Michele B. Willoughby – 48, has served as our Executive Vice President - Inventory, Supply Chain and eCommerce since July
2013. Prior to that she served as our Senior Vice President - eCommerce since 2010. She joined Dick's Sporting Goods in 2004
as Vice President, Planning and Allocation. Ms. Willoughby was promoted to Senior Vice President, Supply Chain in 2009 and
Senior Vice President - eCommerce in 2010. Prior to joining Dick's Sporting Goods, Ms. Willoughby was employed by Kohl's
Department Stores (NYSE: KSS), where she held various positions in Merchandise Planning and Allocation from 1997 to
2004, most recently as Vice President, Planning and Allocation.
ITEM 1A. RISK FACTORS
Risks and Uncertainties
Our business is dependent on the general economic conditions in our markets and economic and financial uncertainties
may cause a decline in consumer spending that may adversely affect the Company's business, operations, liquidity, financial
results and stock price.
Our operating results are affected by the relative condition of the U.S. economy. All of our stores are currently located within
the United States, making our operating results highly dependent on U.S. consumer confidence and the health of the U.S.
economy. If the U.S. economy experiences a downturn or prolonged period of slow growth or negative growth, our results of
operations may be negatively impacted.
As a business that depends on consumer discretionary spending, the Company may be adversely affected if our customers
reduce, delay or forego their purchases of our products as a result of the overall perceived economic environment, lower
consumer confidence and uncertainty due to political, national or international security concerns. Decreases in same store sales,
customer traffic or average value per transaction negatively affect the Company's financial performance, and a prolonged
period of depressed consumer spending could have a material adverse effect on our business. Promotional activities and
decreased demand for consumer products, particularly higher-end products, could affect profitability and margins. In addition,
adverse economic conditions may result in an increase in our operating expenses due to, among other things, higher costs of
labor, energy, equipment and facilities. The effect of any economic downturn on other nearby retailers may adversely affect us.
For example, if an economic downturn leads to one or more vacancies in a shopping plaza, traffic to our store in that location
may be adversely impacted. Any of the foregoing factors could have a material adverse effect on our business, results of
operations and financial condition and could adversely affect our stock price.