Sponsors
Billabong ▼ 0.000 | PPR ▲ +0.55 | American Apparel ▲ +0.052 | The Buckle ▲ +0.15 | Columbia ▲ +1.29 | Deckers Outdoor ▲ +0.75 | Dicks ▲ +0.76 | Foot Locker ▲ +0.40 | Genesco ▲ +0.63 | Iconix Brand Group ▲ +0.04 | Jarden Corp ▲ +1.19 | Nordstrom ▲ +0.01 | Luxottica ▲ +0.83 | Nike ▲ +1.45 | Pacific Sunwear ▼ -0.022 | Skullcandy ▲ +0.09 | Sport Chalet - 0 | Urban Outfitters ▲ +0.02 | VF Corp ▲ +0.35 | Quiksilver ▼ -0.020 | Zumiez ▼ -0.10 | Macys ▲ +0.31 | Tillys ▼ 0.00 |
Ticker Sponsor
Professional Services
Intrepid Investment Bankers

Intrepid Investment Bankers is a specialty investment bank that provides M&A, capital raising and strategic advisory services to middle-market companies across various industry sectors.  We have a unique culture rooted in our founders’ successful 30-year history of advising entrepreneur and family-owned businesses, financial sponsors and major corporations. We believe that every company has an entrepreneurial passion that drives it and a story that defines it.  We deliver unconventional results through our unique ability to tell each client’s story, and drive relentless execution through senior banker immersion in each process. We augment our international capabilities through our membership and active participation in M&A International Inc., an exclusive global alliance of select independent middle-market M&A advisory firms. Member FINRA/SIPC.  Follow Intrepid

More Professional Services...
Readers Say
Useful on a daily basis
Useful on a daily basis

It's well balanced information that is useful on a daily basis. I'm very satisfied with the Executive Edition. I start each day with SES and a big cup of coffee!

- By Tom Ruiz, EVP Sales, Volcom
Great insight into the issues
Great insight into the issues

I am a big fan of Tiffany and her team as well as an avid reader of Shop-Eat-Surf. I shop, I eat, I surf -- I should pay.

- By Kevin Bailey, President, Vans
Industry Insight

CIT: West Coast team featured in Fashion Manuscript.
FSG LAWYERS: Represented Loomworks Apparel (P.J. Salvage) on its acquisiton by Delta Galil.

Details on Industry Insight.


Tiffany Montgomery
Print This Article

More on Chick’s sale to Dick’s

By Tiffany Montgomery
December 03, 2007 5:23 AM

I wanted to find out more about what Chick's sale to Dick's Sporting goods could mean for the action sports industry, so I followed up with Dennis Magulick, Dick's director of investor relations.


Dick's announced last week that it will acquire Chick's for $71 million in cash and debt. Chick's has become an important account for the industry and operates 15 stores in Southern California.


Dick's is headquartered in Pittsburgh and most of its 340 stores are east of the Mississippi.


Here are more details I learned from Dennis:


Role of Jim Chick and store conversions

Jim Chick will stay in place at Chick's and continue to run the operation through June 2008. Jim has also agreed to be involved in an advisory role for another two years. Ultimately, Chick's stores will be converted to Dick's.

 

Merchandising differences

There are some categories in Dick's stores that are not as well developed at Chick's, including golf, hunting, fishing and camping. Chick's has more beach and skate goods. Dick's tailors its merchandise to meet the needs of core athletes and outdoor enthusiasts in each market. Dick's will tap into Jim Chick's knowledge of who the customer is and what that means to the assortment.

 

Why Chick's was attractive to Dick's

Chick's was attractive because it was a great way to enter the market. Chick's has good real estate, similar store sizes, and lots of experience in the market.

 

Why Dick will ultimately convert Chick's stores

California has for some time been in Dick's growth plan, and in the company's long term business model. The Dick's nameplate will expand throughout California.

 

Any additional words for action sports industy?

"Jim's experience in this marketplace and relationships with the brands are very important."


Articles You Might Have Missed