DICK'S SPORTING GOODS, INC.
For the period ended Feb 1, 2025. Filed Mar 27, 2025.
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FY2025 · Filed Mar 27, 2025
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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 1, 2025, we operated 856 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 | 10 | 3 | 13 |
| Arkansas | 4 | — | 4 |
| California | 56 | 8 | 64 |
| Colorado | 16 | 2 | 18 |
| Connecticut | 10 | 3 | 13 |
| Delaware | 3 | 1 | 4 |
| District of Columbia | 1 | — | 1 |
| Florida | 48 | 9 | 57 |
| Georgia | 23 | 3 | 26 |
| Idaho | 6 | 1 | 7 |
| Illinois | 31 | 5 | 36 |
| Indiana | 20 | 3 | 23 |
| Iowa | 7 | 2 | 9 |
| Kansas | 10 | 2 | 12 |
| Kentucky | 11 | 2 | 13 |
| Louisiana | 8 | — | 8 |
| Maine | 4 | — | 4 |
| Maryland | 17 | 3 | 20 |
| Massachusetts | 19 | 4 | 23 |
| Michigan | 22 | 4 | 26 |
| Minnesota | 10 | 5 | 15 |
| Mississippi | 7 | — | 7 |
| Missouri | 13 | 2 | 15 |
| Nebraska | 4 | 1 | 5 |
| Nevada | 4 | 2 | 6 |
| New Hampshire | 7 | — | 7 |
| New Jersey | 19 | 5 | 24 |
| New Mexico | 4 | — | 4 |
| New York | 43 | 4 | 47 |
| North Carolina | 31 | 9 | 40 |
| North Dakota | 1 | — | 1 |
| Ohio | 36 | 10 | 46 |
| Oklahoma | 7 | 2 | 9 |
| Oregon | 10 | 1 | 11 |
| Pennsylvania | 38 | 10 | 48 |
| Rhode Island | 2 | 1 | 3 |
| South Carolina | 11 | 3 | 14 |
| South Dakota | 1 | — | 1 |
| Tennessee | 17 | 3 | 20 |
| Texas | 50 | 9 | 59 |
| Utah | 5 | 1 | 6 |
| Vermont | 2 | — | 2 |
| Virginia | 26 | 5 | 31 |
| Washington | 16 | — | 16 |
| West Virginia | 6 | — | 6 |
| Wisconsin | 13 | 4 | 17 |
| Wyoming | 1 | — | 1 |
| Total | 723 | 133 | 856 |
(1)As of February 1, 2025, includes 19 DICK’S House of Sport stores, with seven new openings during fiscal 2024, six of which were either relocated or converted from prior store locations. As of February 3, 2024, we operated twelve DICK’S House of Sport stores.
(2)Includes our Golf Galaxy, Public Lands, and Going Going Gone! concept stores. As of February 1, 2025, we operated 109 Golf Galaxy stores in 35 states, three Public Lands stores in three states, and 21 Going Going Gone! stores in 16 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 1, 2025, we operated 14 combo stores.
(3)Excludes temporary value chain locations, of which we operated 29 and 36 as of February 1, 2025 and February 3, 2024, 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 fiscal 2024, the Company entered into a development contract to construct a new 805,000 square foot distribution center in Fort Worth, Texas. The Company plans to open the new distribution center 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.