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Article: DICK'S ACQUIRES GALYAN'S.(Business)
- Article from:
- The Post-Standard (Syracuse, NY)
- Article date:
- June 23, 2004
CopyrightCOPYRIGHT 2004 All rights reserved. Reproduced with the permission of The Herald Co. by the Gale Group, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bob Niedt Staff writer
Dick's Sporting Goods is making one of its toughest competitors part of the team.
Dick's is buying Galyan's Trading Co. for $362 million in cash and assumed debt. It will assimilate Galyan's giant sporting goods stores into its lineup early in 2005.
Galyan's, based in Indiana, operates 47 full-line sporting goods stores, many on two levels that feature climbing walls as part of the atmosphere and a store signature. Ed Stack, Dick's chairman, said the climbing walls will stay.
Dick's signature is indoor running tracks.
Some Galyan's stores compete directly with Dick's Sporting Goods superstores ...