Dick’s Lays Off 250 Workers, Cites Theft for Q2 Profit Drop

On a conference call with investors, Dick’s said sales met expectations and executives also commented on the outdoor segment, including inventory status and an aggressive sales strategy.
Published: August 23, 2023

After a second quarter where profitability fell short, Dick’s Sporting Goods announced a business optimization program that involved laying off 250 employees at the corporate level, as first reported by Bloomberg Business.

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Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series
Strategy & Planning Series