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Article: Sporting move: Dick's Sporting Goods buys Chick's as sector consolidates.(Chick's Sporting Goods)
- Article from:
- Los Angeles Business Journal
- Article date:
- December 3, 2007
- Author:
CopyrightCOPYRIGHT 2007 CBJ, L.P. 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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WHEN Jim Chick, chief executive of Chick's Sporting Goods, saw the signs that national powerhouse Dick's Sporting Goods would open stores in Southern California, he heard a stopwatch start ticking.
He took a hard look at his chain's 14 stores and considered the competitive pressure that a chain such as Dick's would put on him.
"I already have a big-box Sports Authority in every market I'm in, and a Sport Chalet," said Chick, who bought out the company that his father founded in 1968 with three stores. "Somebody is going to go away here. Is it going to be the guy with a lot of debt on his back or a multi-million or ...