The $28 million acquisition by Sportsman’s Warehouse of eight Field & Stream stores from Dick’s Sporting Goods not only pushes the outdoor chain’s store count above 100 but also signals a continued pullback by Dick’s from the “hooks and bullets” demographic. The deal, expected to close on Oct. 11, covers inventory and assets for stores in Washington, Altoona and Camp Hill, PA; Horseheads and Rochester, NY; Troy, MI and Greensboro and Asheville, NC. As of Feb. 2, Dick’s operated 35 Field & Stream stores across 16 states and had no plans to further expand the banner this year. It was immediately unclear if the sell-off to SPWH means DKS’ will completely withdraw from the specialty chain but continue to sell the Field & Stream brand in its full-line sporting goods stores.
Sportsman’s Warehouse, which says the doors are in strong markets with well-established customer bases, will sublease the locations from Dick’s. It is likely the stores will be re-bannered as Sportsman’s Warehouse. In a statement, the Midvale, UT-based and publicly traded retailer said the acquisition was consistent with its strategy “to return to a more typical store growth pattern, following a period of investment in omni-channel capabilities, technology and debt reduction over the last two years.”