Shares of Dick's Sporting Goods were caught up in the "Brexit"-induced selloff Monday, shedding 3% to close at $40 on weak volume despite the news that the company submitted bids on 17 Sports Authority stores nationwide. Other retailers bid on only one store, according to Reuters' sources. Sports Authority filed for Chapter 11 bankruptcy protection in March.
Dick's Makes Its Move For 17 Sports Authority Locations
twocents@thestreet.com (Tony Owusu), The Street
Mon, 06/27/2016 - 2:01pm
Topics: brexit we shares dick's sporting goods reuters chapter march englewood colo modell u sports direct international if dick u wall street dick's ceo edward w stack may given credit suisse april additionally amazon nike u armour chris versace borders circuit city editor note real money june dks specialty retail dick's sports authority u dick growth seeker versace click move locations stores company retailer bids industry online retailers cents holding market bid store fell continue operate impact earnings headwinds consumers
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