DICK’S SPORTING GOODS TO ACQUIRE MOOSEJAW

DICK’S sees the investment in leading outdoor retailers as a growth opportunity

PITTSBURGH, February 22, 2023 /PRNewswire/ — DICK’S Sporting Goods (NYSE: DKS) announced today that it has agreed to acquire leading outdoor retailer Moosejaw from Walmart. The acquisition expands DICK’s outdoor portfolio – currently managed by its specialty retailer Public Lands – and reaffirms its commitment to the long-term opportunity in the growing multi-billion dollar outdoor category.

Moosejaw, founded in Michigan in 1992, operates a highly successful e-commerce platform, has a loyal customer base, strong supplier relationships with leading outdoor brands and a passionate workforce. Moosejaw also operates brick and mortar locations in Arkansas, Colorado, Illinois, Kansas, Michigan And Missouri.

“We admire what Moosejaw has accomplished over the past 30 years as a leader in the outdoor industry and look forward to the opportunity to share insights and learn from one another,” he said Death Spaletto, President, Public Lands and Senior Vice President, DICK’S Sporting Goods. “We believe there is potential to grow the Moosejaw business and offer its millions of loyal customers a compelling experience and an expanded range of products.”

After several years of development, DICK’S launched Public Lands in 2021 with a mission to celebrate and protect public lands for all. The brand has since grown to seven retail locations and a thriving e-commerce presence. Once the acquisition is complete, Moosejaw will become CEO Eoin Comerford will report to Spaletto.

The deal is expected to go through March 2023.

Forward-looking statements involve known and unknown risks and uncertainties

This press release contains forward-looking statements made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 regarding the acquisition of Moosejaw and the growth potential of the Moosejaw business. Factors that could cause actual results to differ materially from the expectations expressed or implied herein include the completion of the Moosejaw acquisition within the anticipated time frame and our ability to successfully integrate the Moosejaw business. For more information about these and other factors that could affect the Company’s results, please see the risk factors set forth in the Company’s filings with the Securities and Exchange Commission (“SEC”), including its most recent annual report filed with the SEC at the March 23, 2022.

About DICK’S sporting goods

DICK’S Sporting Goods (NYSE: DKS) inspires confidence and excitement by personally equipping all athletes so they can achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omnichannel retailer, serves athletes and outdoor enthusiasts in more than 850 DICK’S sporting goods, Golf Galaxy, Field & Stream, Public Lands, Going Going Gone! and warehouse sale stores, online and via the DICK’S mobile app. DICK’S also owns and operates DICK’S House of Sport and Golf Galaxy Performance Center and GameChanger, a mobile youth sports app for scheduling, communication, live scores and video streaming.

Driven by his belief that exercise makes people better, DICK’S is a longtime advocate for youth sports and, along with his foundation, has donated millions of dollars to support under-resourced teams and athletes through the Sports Matter program and other community-based initiatives. For more information about DICK’s business, corporate giving, sustainability efforts and employment opportunities, visit dicks.com, investors.dicks.com, sportsmatter.org, dickssportinggoods.jobs and Facebook. Twitter and Instagram.

Contact: DICK’S Sporting Goods –
[email protected]

Category: Company

SOURCE DICK’S Sporting Goods, Inc.