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Dick’s Falls Most Ever With Chairman Saying More Pain to Come
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-Lindsay Dutch, Bloomberg Intelligence Consumer Hardlines Senior Analyst, discusses earnings from Dick’s Sporting Goods. Dick’s Sporting Goods Inc. sank the most on record after the Foot Locker chain it acquired last year continued to struggle, raising doubts about the broader sneaker market. The company now expects net sales to be in a range of $21.9 billion to $22.2 billion in the current fiscal year, down from its previous forecast, driven by a…
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