Shelly Banjo, Columnist

Retail Bankruptcies Don't Always Help Rivals

Dick's is the latest to find that one store's loss isn't always another's win.

March 7, 2017 at 7:25 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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A competitor's loss doesn't always translate into a win.

Dick's Sporting Goods Inc. said Tuesday that sales at established stores rose 5 percent in the most recent quarter from the year before as it picked up retail locations from now-defunct sporting goods competitors such as Sports Authority and Golfsmith.