NEW YORK — Dick’s Sporting Goods’ purchase last week of Galyan’s Trading Corp. is the latest in a recent series of consolidations in the highly fragmented sporting goods industry — and the pace is expected to continue.
“There is definitely more consolidation on the horizon, both among sport vendors and retailers,” said analyst Jim Duffy of Thomas Wiesel Partners. “It’s a very fast way for a company to expand their store base and it allows companies to leverage expenses. Also, as retailers consolidate, vendors need to be stronger in order to supply them properly.”
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)