SAN DIEGO, April 03, 2024 (GLOBE NEWSWIRE) -- Robbins LLP reminds investors that a shareholder filed a class action on behalf of purchasers of Dick's Sporting Goods, Inc. (NYSE:DKS) common stock between May 25, 2022 and August 21, 2023. Dick's is a leading sporting goods retailer that sells sports equipment, apparel, footwear, and accessories to retail consumers throughout the United States.
For more information, submit a form, email attorney Aaron Dumas, Jr., or give us a call at (800) 350-6003.
The Allegations: According to the complaint, defendants misrepresented Dick's inventory, margins, and prospects. Specifically, defendants failed to disclose that: (a) demand for products in Dick's Outdoor segment was slowing faster than defendants represented, resulting in excess inventory; (b) the "structural changes" that defendants repeatedly touted, including differentiated products, improved pricing technology, and more efficient clearance channels, did not ...