The Traderszone Network

Published in TZ Latest News 11 May, 2016 by The TZ Newswire Staff

Dick’s Could Buy Up to 180 Sports Authority Leases

The end of Sports Authority may turn into a big growth opportunity for Dick’s Sporting Goods (NYSE: DKS). Canaccord Genuity Analyst Camilo Lyon wrote in a note to clients that Dick’s should be able to secure leases on at least 80 former Sports Authority locations, and possibly as many as 180, The Denver Post reported.  Lyon previously wrote that Sports Authority’s initial plan to close 140 stores could result in Dick’s sales growing by $370 million.