DICKS SPORTING GOODS INC
For the period ended Feb 3, 2024. Filed Mar 28, 2024.
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FY2024 · Filed Mar 28, 2024
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Item 2. Properties
We lease substantially all of our stores, which generally have initial lease terms of 10 to 15 years and contain multiple five-year renewal options and rent escalation provisions. We believe that our leases, when entered into, are at market rate rents. We generally select a new store site 12 to 24 months before its opening. Our stores are primarily located in shopping centers in regional shopping areas, as well as in freestanding locations and malls.
Table of Contents
As of February 3, 2024, we operated 855 stores in 47 states. The following table sets forth the number of stores by state:
| State | DICK’S Sporting Goods (1) | Specialty Concept Stores (2) | Total (3) |
|---|---|---|---|
| Alabama | 13 | 1 | 14 |
| Arizona | 9 | 3 | 12 |
| Arkansas | 4 | 1 | 5 |
| California | 57 | 7 | 64 |
| Colorado | 16 | 2 | 18 |
| Connecticut | 11 | 3 | 14 |
| Delaware | 3 | 1 | 4 |
| District of Columbia | 1 | — | 1 |
| Florida | 48 | 9 | 57 |
| Georgia | 23 | 3 | 26 |
| Idaho | 6 | 1 | 7 |
| Illinois | 32 | 5 | 37 |
| Indiana | 20 | 2 | 22 |
| Iowa | 7 | 2 | 9 |
| Kansas | 10 | 2 | 12 |
| Kentucky | 12 | 2 | 14 |
| Louisiana | 8 | — | 8 |
| Maine | 4 | — | 4 |
| Maryland | 17 | 3 | 20 |
| Massachusetts | 18 | 4 | 22 |
| Michigan | 21 | 5 | 26 |
| Minnesota | 10 | 4 | 14 |
| Mississippi | 7 | — | 7 |
| Missouri | 13 | 2 | 15 |
| Nebraska | 4 | 1 | 5 |
| Nevada | 4 | 2 | 6 |
| New Hampshire | 7 | — | 7 |
| New Jersey | 19 | 4 | 23 |
| New Mexico | 4 | — | 4 |
| New York | 43 | 3 | 46 |
| North Carolina | 31 | 7 | 38 |
| North Dakota | 1 | — | 1 |
| Ohio | 36 | 10 | 46 |
| Oklahoma | 7 | 2 | 9 |
| Oregon | 10 | 2 | 12 |
| Pennsylvania | 39 | 10 | 49 |
| Rhode Island | 2 | 1 | 3 |
| South Carolina | 11 | 3 | 14 |
| South Dakota | 1 | — | 1 |
| Tennessee | 17 | 3 | 20 |
| Texas | 48 | 9 | 57 |
| Utah | 5 | 2 | 7 |
| Vermont | 2 | — | 2 |
| Virginia | 27 | 6 | 33 |
| Washington | 16 | — | 16 |
| West Virginia | 6 | — | 6 |
| Wisconsin | 13 | 4 | 17 |
| Wyoming | 1 | — | 1 |
| Total | 724 | 131 | 855 |
(1)As of February 3, 2024, includes twelve DICK'S House of Sport stores, including nine new openings during fiscal 2023, which were either converted or relocated from prior store locations.
(2)Includes our Golf Galaxy, Public Lands, Going Going Gone! and Moosejaw specialty concept stores. As of February 3, 2024, we operated 104 Golf Galaxy stores in 35 states, seven Public Lands stores in seven states, 17 Going Going Gone! stores in 15 states and three Moosejaw stores in three states. In some markets we operate DICK’S Sporting Goods stores adjacent to our specialty concept stores on the same property with a pass-through for our athletes. We refer to this format as a “combo store” and include combo store openings within both the DICK’S Sporting Goods and specialty concept store counts, as applicable. As of February 3, 2024, we operated 18 combo stores.
(3)Excludes Warehouse Sale store locations that are temporary in nature, of which we operated 36 and 43 as of February 3, 2024 and January 28, 2023, respectively.
Table of Contents
The following is a list of significant locations including the approximate square footage and whether the location is leased or owned:
| Facility Location | Type | Square Footage | Ownership |
|---|---|---|---|
| Conklin, New York | Distribution and Fulfillment | 917,000 | Owned |
| Atlanta, Georgia | Distribution | 914,000 | Leased |
| Plainfield, Indiana | Distribution | 725,000 | Leased |
| Goodyear, Arizona | Distribution | 624,000 | Owned |
| Smithton, Pennsylvania | Distribution | 601,000 | Leased |
| Coraopolis, Pennsylvania | Customer Support Center (CSC) | 670,000 | Owned |
The land on which our CSC is built is subject to an underlying ground lease with Allegheny County Airport Authority, which expires in 2038. During 2024 we plan to begin construction on a new regional distribution center that is currently expected to be operational in 2026.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.