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March 19, 2020, 8:09 a.m. EDT

Dick's Sporting Goods traffic sinks due to coronavirus, will close stores for two weeks

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By Tonya Garcia

SPX

Dick's Sporting Goods Inc. said in a filing that traffic and demand have sunk since the company reported fourth-quarter earnings last Tuesday. The athletic retailer has closed its stores for two weeks, effective March 18 through April 2. E-commerce options will be available during this period, including contact-less curbside pickup. Full pay and benefits will be offered to workers during this time. The company also warned of potential supply chain disruptions impacting the second quarter. Dick's Sporting Goods stock has slumped 53% over the past year while the S&P 500 index /zigman2/quotes/210599714/realtime SPX +2.62% is down 15.3% for the period.

/zigman2/quotes/210599714/realtime
US : S&P US
3,193.93
+81.58 +2.62%
Volume: 4.80B
June 5, 2020 5:07p
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