Wall Street’s tepid reaction to its guidance aside, I doubt there are many people in the sporting goods industry who would argue with Dick’s CEO Ed Stack’s comment on his earnings call that he really likes where his company is positioned right now. Sure, the retail landscape is littered with dead bodies right now and there are more to come, but sporting goods retailing is not going to disappear over the next 10 years. And there seems little reason to think that Dick’s will do anything but gain share as this consolidation process plays out.

Stack reiterated that the difference between ... Log in to view full article.