Yes, Dick’s Sporting Goods, a big-box retailer for sporting goods, just suffered a big decline in their sales and earnings, a -3.66% downward surprise.
A closer look at Dick’s earnings per share reveals their downward momentum.
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Big-box retailers in particular are suffering from over-building and rising vacancies.
Like another big-box retailer Macy’s, both have suffered declining stocks prices courtesy of on-line retailers like Amazon and the overbuilding of retail space. For comparison, McDonald’s restaurants (green line) are exploding upwards in price.
Hopefully this doesn’t mean that Americans are exercising less and chowing down on Big Macs, fries and shakes.
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