Net income slipped 32% in the fourth quarter to $235,621,000 from $346,093,000 on sharply lower product margins and a $30.1 million writedown for closing a dozen Field & Stream stores, but revenues ticked up 7% to $3,596,713,000 from $3,352,160,000, handily exceeding expectations. Dick’s has decided to terminate Field & Stream entirely, focusing instead on its Public Lands concept and newly acquired Moosejaw to cover the specialty outdoor market. The 12 stores that were closed in Q4 will reopen as eight House of Sport stores and four expanded Dick’s stores, with the ... Log in to view full article.