POOR SPORT: Costs related to the purchase of Galyan’s Trading Co. last July led to a $7.3 million first-quarter loss at Dick’s Sporting Goods. Excluding costs, earnings were $12.2 million. The chain earned $10.6 million in the same period last year. Sales surged 57 percent to $570.8 million in the period ended April 30, including the results from Galyan’s, and same-store sales were up 3.2 percent. Dick’s, based in Pittsburgh, has been converting the former Galyan’s stores to Dick’s locations. The company now operates 236 stores and said it plans to open 25 more this year, while closing six units.
FOUR-STAR DINING: On June 6, several of America’s top chefs will transform Rockefeller Center into a gourmet food festival where 1,200 New York business leaders, socialites, food enthusiasts, chefs and restaurateurs will dine and dance to benefit Citymeals-on-Wheels. The evening will feature 35 tasting stations offering gourmet selections from New York chefs such as Daniel Boulud (Daniel), Edward Brown (the Sea Grill), Frank Crispo (Crispo), Marc Forgione (BLT), Nobu Mastuhisa (Nobu) and Charlie Palmer (Aureole). Renowned national chefs such as Wolfgang Puck (Spago, Beverly Hills), Joachim Splichal (Patina, Los Angeles) and Charlie Trotter (Charlie Trotter’s, Chicago) will also present signature dishes. The event takes place from 7:30 to 10 p.m., and Citymeals hopes to raise over $1 million to help feed the homebound elderly in New York City.
CHANGES AT DE BEERS: Gary Ralfe, managing director of the De Beers Group, will retire in February 2006, the company said Wednesday. He will be succeeded by Gareth Penny, who is managing director of the Diamond Trading Co., the marketing division of De Beers. Penny has a long-standing history with De Beers. Penny started his career in the Anglo American Corp. of South Africa and established the Anglo American and De Beers Small Business Initiative. Gareth set up the Teemane diamond cutting factory in Serowe, Botswana, and played a leading role in the sales and marketing program for De Beers called Supplier of Choice.