...Culture: Dicks Sporting Good Logistics: The store I chose to observe was Dicks sporting goods, which is located in the Cordova Mall at the intersection of Airport Boulevard and North 9th Avenue, Pensacola, FL. It is located directly across from both Pensacola State College and Sacred Heart Hospital, each a very busy campus. It is also right by the airport, which attracts lots of attention and traffic flow. These roads are extremely busy during almost all hours of the day, so the likelihood of stores’ hosting shoppers in indirectly increased. Dicks Sporting Goods is in a great location and is surrounded by many stores and restaurants, ultimately giving customers perceived convenience. My observation was done on November 12th at 6pm with my father. Overview of the Organization: Stores that deliver finished products to the public classify the retail industry. In 1927, there was an unjust tax on sporting goods of 10 percent tax on every retail stores of sporting goods. This tax led sporting good dealers to create The National Sporting Goods Association (NSGA), which fought to repeal the tax, and supports its members by allowing them to be profitable. Hard goods are just one of many categories that retail entails. Hard goods include those products that are sold in sporting goods stores. Much of society today now prefers one-stop shopping with retail stores emerging on every corner that provide all types of products from groceries to clothing. Dick’s Sporting Goods, Inc....
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...L.L. Bean’s website appears to appeal to the outdoor enthusiast and has a wide array of products available for the consumer. My guess is that L.L. Bean’s target market is more geared toward families that want to be equipped for the outdoors and that lead an active life. L.L. Bean continues to hold a very high spot in the market, known for it’s exceptional customer service and return policy. L.L. Bean’s product line is similar to REI’s with a more diverse array of products, such as, fly-fishing & hunting. L.L. Bean’s pricing is markedly lower than REI’s prestigious pricing. While L.L. Bean is able to keep prices lower, it still maintains a certain respect & dignity for quality in the market. REI limits its customers because of its pricing and definitely deters many average, middle class consumers from being able to shop there. REI offers a lifetime membership for $20 which claims discounted prices and special deals for joining. L.L. Bean is available to all consumers at the same price. The Sports Authority is another similar company that gears to the active and outdoorsman. The Sports Authority focuses mainly on traditional sports and doesn’t have as much to offer for the active, outdoor type people. The Sports Authority has struggled the past several years with the influx of other discount warehouses offering similar products & concepts. The Sports Authority’s prices are much lower than REI’s offering the average consumer better opportunities to afford their products...
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...Stock Project Stock Project Dicks Sporting Goods And Hibbetts sports Kyle Anthony Lippert Dicks Sporting Goods And Hibbetts sports Kyle Anthony Lippert 2014 2014 Table of Contents Executive Summary: …………………………………………………………………….Page 2 Dicks Sporting Goods History:…………………………………………………………Page 3 Dicks Financial Statements:…………………………………………………………….Page 4 Dicks Financial Analysis:………………………………………………………………..Page 5 Liquidity……………………………………………………………………………………5 Activity……………………………………………………………………………………..5 Debt…………………………………………………………………………………………6 Profitability………………………………………………………………………………6-7 Market………………………………………………………………………………………7 Hibbett’s Sporting Goods History:……………………………………………………...Page 8 Hibbett’s Financial Statements:……..…………………………………………………..Page 9 Hibbett’s Financial Analysis:……..………………………………………………..…...Page 10 Liquidity……………………………………………………………………………………10 Activity……………………………………………………………………………………..10 Debt…………………………………………………………………………………………11 Profitability……………………………………………………………….……………11-12 Market………………………………………………………………………………………12 My Income Statement……………………………………………………………………………13 Conclusion…………………………………………………………………………………………14 Bibliography.………………………………………………………………………………………15 Executive Summary I chose to invest half of my $50,000 into Dicks Sporting Goods Inc. mainly because Dicks is the more rapidly growing companies in the sporting goods industry. In their 2013 annual report, Dicks strongly puts an emphasis on where they are heading in the...
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...INTRODUCTION After review of the business plan and processes of Dick’s Sporting Goods, there is room for improvement in their Information Technology. As a high-end sports retailer, they have many products and services available for customers. Three systems that can be improved are the scheduling system, coupon accessibility for customers and store-to-store communication. The background and explanation of these systems will help to understand how new systems can be implemented and what benefits they will give the company as a whole. BACKGROUND Dick’s Sporting Goods is a full-line sporting goods store founded by Dick Stack in 1948. He was a young adult that started working at an Army surplus store in New York. Dick presented a list of products and business ideas to the owner to improve the business, and the owner shot him down. Dick’s grandmother decided to help Dick open his own store and gave him the money to build the store himself. He built a bait-and -tackle shop and by 1958 expanded his products into what is more known today as products located in Dick’s sporting goods stores. Currently, Dick’s Sporting Goods is a sports retail and services company that offers the finest quality for its products at competitive prices. In stores all over the country, they offer a variety of brand name sporting goods equipment, footwear, apparel, and lodge products. They also offer services such as, bike repair, glove steaming, golf club repair, and CO2 refills. As well as their accessibility...
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...The two REI competitors I chose to do my comparisons on are The Sport Authority and Dicks sporting goods. All of the companies specialize in outdoor and apparel and all three companies has retail stores and Dicks is the largest. Dicks was founded in 1948 and operates in about 690 stores in 45- plus states. The stores usually contain five smaller shops(stores within store) that feature sporting goods, apparel, and footwear for leisure pursuits. Dicks also operates more than 75 golf galaxy stores in 30 states as well as 10 field and stream and three true runner stores. Dicks annual revenue is about 6,814.479. Sport Authority was founded in 1928 and operates in about 450 stores in 41 states and sells a full line of sports and fitness equipment, bikes, athletic shoes, and apparel with a focus on premium brands. Sport Authority also operates an online store and has shops in Japan through a partnership with Aeon, Co and operates about 10 stores under SA Elite a high end performance apparel and footwear. Sport Authority annual revenue is about 2,478.823. REI was founded in 1938 with more than 5 million members and about 138 outlets in more than 30 states. selling high- end gear, clothing and footwear for outdoor activities and it annual revenue is about 2,217,131. REI offers a large range of outdoor gear followed by sport authority and Dicks which carry about the same of outdoor gear. All three stores sales camping gear the product that i looked up was camping tents. REI camping...
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...Columbia, Dick’s, and Sportswear Financial Analysis Lynnette Villarreal Webster University Abstract This paper will address a financial comparison analysis for three like sportswear companies—Columbia Sportswear Company, Dick’s Sporting Goods and Big 5 Sporting Goods, Corporation. The analysis is conducted by leveraging three kinds of financial statistics used to spot issues in companies’ financial information—common size analysis and ratio analysis. The following is a synopsis of the three companies and their financial comparison. It will provide financial data that managers use to keep alert of anything that should be reporting to there top director of the company. Executive Summary The FINC 5880 course is charged to do a financial comparison of three for profit organizations that are publicly traded. Yahoo Finance will be used to retrieve the latest financial for the three companies. This study will compare and contrast the companies by providing background information. Financial statements provide businesses with the basic tools for determining how well their operations perform at all times. Many entrepreneurs do not appreciate that financial statements have a value that goes further than their use as supporting documents to loan applications and tax returns (Gitman, 2006). These statements are concise reports designed to summarize financial activities for specific periods. Owners and managers can use financial statement analysis to assess the past and...
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...style of the spikes. My price range would be about $150, I prefer low top cleats, I rely on my cleats to be super lightweight because I am a midfielder and I run all over the field, and lastly the style of my cleat would have to be the original style with twelve studs. A fair price on a great set of boots would range from around $90 to $120. I know that sounds really high priced but if you have been playing a long time and you want the best type of boot, that’s a fair price. Let’s start off with the mercurial superfly cleats. They range from $140 to $230 (Dicks Sporting Goods). The reason they are so high on price is because they are the newest set of cleats and they are supposed to reduce the risk of rolling your ankle. Next is the mercurial vapor 10. They range from $170 to $240 (Dicks Sporting Goods). Then comes the mercurial vapor 9 (IX). They are your cheapest set of boots. They range from $120 to $140 (Dicks Sporting Goods). They are your best bet if you want more of a fair price. My choice would be the Vapor 10’s. They fit in my price range. Let’s move on to the weight factor. A soccer player needs to have very light cleats to move up and down the field. The vapor 9 weighs in an outstanding 6.6 ounces. They were the lightest pair of cleats until the vapor 10. The vapor 10 weighs in at 6.4 ounces which is now the lightest pair of vapors. So far my choice would be the vapor 10. The superfly weighs in at 6.9 ounces, the heaviest cleat. My overall choice would still be the...
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...Market Mix: The Best Bang For Your Buck American InterContinental University April 5, 2012 Donald Buehrig Busn105-1202A-269: Introduction to Business Unit 3 Individual Project Abstract In this paper you will see how you can use the market mix to do research on a particular product. Using the four p’s to narrow down your choice in a flooded market makes you realize that everything that we buy has been thru some sort of research on how to appeal to the consumer. Choosing a product is easy, but choosing the right product takes some time to pick what would work best for the situation. This paper shows you that when marketing a product know the environments the surround your customer. For this paper the product was priced with in the budget, had a reliable product, placed in the right graphic area and promoted to the need of the customer. When choosing a product you must consider what the product means to you. I ask myself this question, “why do I want or need this product” before I purchase any large product. Once I answer this question then I start shopping around looking for the product that fits best. I have been in the market for a new trolling motor and decided on the Minn Kota riptide. Let me explain how I used the market mix in making my decision. First I put a limit on the price I was willing to pay for a trolling Motor. I was willing to pay a descent price for a descent product. Now what makes this product a descent product or is it worth the price is...
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...Spalding is a sporting goods company for baseball, volleyball, and gymnasium equipment. “It is committed to being the highest quality brand of authentic sporting goods equipment in the world (Spalding-Basketball)”. As the marketing executive for Spalding, it’s time for me to seek new sponsorships. A potential new sponsor for our sports brand is the NBA Charlotte Hornets. The Charlotte Hornets is a professional basketball team in Charlotte, NC. They are known for the mascot “Hugo” and the original color scheme of purple and teal. The majority owner of Charlotte Hornets is Michael Jordan and having a huge icon and great athlete as a representative of the team, there is no other reason why Spalding shouldn’t reach out. Spalding is currently the official basketball provider for the NBA League, but there have been some edits into that determined factor. Spalding is now seeking to add individual teams of the league as a part of our sponsors based on our new objective for the NBA, “respecting the game and providing products that make superior performance possible...
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...Major retailers across the nation have taken it upon themselves to institute internal changes that in many ways address the concerns that have already been vocalized. Walmart and Dicks Sporting Goods have publically announced that they have voluntarily removed rifles such as the popular AR15 sporting rifle from their shelves. These stores have also stated that they will raise the minimum age of the individual that they will sell weapons and ammunition. The conflict may not have had the had the intended global results, however it has begun the...
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...Chanel Carter September 15, 2015 The current technology that I believe will have the most impact on the way work is done is video teleconferencing, which allows two or more to interact via two-way video and audio transmissions. Nowadays businesses are looking to reduce traveling expenses and increase productivity. For instance, during my internship at Widmer Interiors, an interior design firm, I first witnessed and experienced videoconferencing in a business aspect. This specific company was transitioning into modern day technology due to so many designers having to constantly leave the office for meetings with vendors, contractors, or clients. As opposed the typical emails we would send, videoconferences inspired the empathy that business relationships are built on. During my video calls, all of my client’s facets of communication were replicated, from tone of voice to facial cues, creating a stronger and connected relationship. Video teleconferencing can have a dramatic effect on productivity by giving business partners a sense of being in the same room. For example, videoconferences are more effective than staring at a phone during a conference calls or reading countless messages. This real-life like interaction can result in things such as better decision making by information being readily available to all workers involved. This source of technology is also affective for mobile workers and those that telecommute in the sense that you can also participate...
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...WORKSHEET 5a – INDUSTRY KEY SUCCESS FACTORS EXTERNAL ENVIRONMENT |COMMON KSF TYPES |5-6 INDUSTRY KSFs + JUSTIFICATION | |Technology-related |Technical and aesthetic design was key to driving sales growth | | |Products manufactured with technically advanced specialty fabrics; had desired performance and| | |fit attributes | | |Design products with visible technology to utilize color, texture, and fabrication to enhance | | |customers ‘perception | | |Four product lines and fabric technologies: | | | | | |Charged Cotton products made from technically advanced synthetic fabric to dry faster and wick| | |moisture away from the body ...
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...Furthermore, I have learned that I am incredibly blessed, and that I need to be more appreciative of the many gifts God has given me. Nonetheless, I have learned that God has blessed all people with the gift to help others. Even when you are faced with a bad or tragic situation, like becoming homeless, you can still be helpful and beneficial to others, such as the man we met downtown was to his peers. Finally, this experience has transformed my thoughts on what volunteering and serving others means. While I used to think that if I set up chairs for a sporting event that I was making an impact on society, I now realize that my time can be spent in more beneficial, productive ways. In order to truly serve and minister to others, you must first assist the root of the problem, and go out and make a difference for the poorest of the...
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...What is a Good Resource? COMM 215/Essentials of College Writing By: Team C Instructor: Dr. Karyn Riedell 14 April 2014 Assignment Discuss the attributes of a good resource as it relates to the chosen topic for your Final Research Paper and Presentation due in Week Five. List the necessary attributes as agreed upon by your Learning Team. Then list three of the resources chosen for your final project, and explain in 75 to 100 words for each resource how it meets the chosen criteria for selecting a good resource. Introduction To write a paper or any document, it is important to ensure that the material that is referenced is fact based and is classified as a good resource, but what exactly is a good resource. There are multiple answers to this question; however there is certain criteria that makes some resources good, while others may lack. We evaluate that if the resource is written by a subject matter expert in the field, the information in the resource is classified as good. Next, the timeframe in which the document was written comes into play, if the information is outdated or superseded by updated information, the resource may not still be applicable. The type of document is also important, stated generally, what would a user trust more, information contained in an encyclopedia or in an online blog? Last, is the information in the resource needs to be unbiased so that the user is able to evaluate a topic without having a pre-determined stance in support...
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...the short run. Furthermore, rise in many such new businesses could divide and bring about a staggered revenues, because consumers are getting divided into buying new brands that are cheap and trying it out initially. Simply put, Under Armour’s potential customers are buying from newer entrants. Power of suppliers is high. Suppliers of Under Armour can be a threatening force, to increase prices. Leading to higher costs for the business. Competitors the competitive response is high, Nike and Adidas are good examples. If they have a competitive price, Under Armour could have to bring down the price of the products to compete with their competition. This also goes alongside, with the increase of fake merchandise Customers’ power is high. This factor in-turn plays a vital role in affecting competitors. Their power to make Under Armour initiate a competitive response is high. Under Armour’s Wholesale distribution in 2011, its main customers being, Dicks Sporting Goods, The Sports Authority, Bass Pro Shops, Finish Line and...
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