REAL ESTATE

Dick’s Sporting Goods opening five stores Nov. 8

BY Dan Berthiaume

Pittsburgh – Dick’s Sporting Goods opens five new stores across the U.S. on Nov. 8. The stores will be located in Dover, Del., Palm Desert, Calif., West Des Moines, Iowa, Sioux Falls, S.D., and Findlay, Ohio.

Dick’s will operate a total of 554 stores in the U.S. upon opening the five new stores. The Sioux Falls store will be the chain’s first store in South Dakota. This total will include three in Delaware, 32 in California, five in Iowa, and 38 in Ohio.

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FINANCE

J. Crew reports strong Q3 to date

BY Dan Berthiaume

New York – J. Crew Group., Inc. is reporting several strong preliminary results to date for its third quarter of fiscal 2013. Through Oct. 5, 2013, J. Crew reports revenues increased $42.9 million, or 11.3%, to $422.3 million from $379.4 million last year.

In addition, same-store sales increased 4.3% and direct net sales grew 20.7%. For the entire quarter, which ends Nov.2, revenues are estimated to increase in the range of high-single to low-double digits from $555.8 million last year; Same-store sales are estimated to increase in the mid-single digits range, after an increase of 10.4% in the third quarter last year, and direct net sales are estimated to increase in the high-teens from $156.8 million last year. J. Crew will release full quarterly results in early December.

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REAL ESTATE

Golf Galaxy opens interactive store in Las Vegas Nov. 1

BY Dan Berthiaume

Pittsburgh – Golf Galaxy plans to open its second retail location in Nevada. The retailer will open a 29,000-plus-sq.-ft. store in Henderson, a Las Vegas suburb, on Nov. 1.

At the store, offerings include services from PGA professionals and certified in-store club technicians; five hitting bays and an indoor demo range; and an on-site, full-service 42-foot tour van modeled after club manufacturers’ on-site PGA Tour vans. The store also features a dedicated women’s shop, a driving range, and a three-speed putting green.

"We are thrilled to expand Golf Galaxy’s presence in the United States," said Doug Wurl, president, Golf Galaxy. "At our Henderson location, we are able to provide golfers of all ages and abilities with a PGA Tour-inspired experience, providing the best equipment for their game, in addition to the unparalleled support, guidance, and experience from our PGA professional staff."

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