**Dick’s Sporting Goods has laid off 250 corporate employees, primarily in its merchandising division, as part of a cost-cutting initiative aimed at improving profitability. The layoffs represent about 2% of the company’s corporate workforce of 12,500.**
The sporting goods retailer, which operates more than 850 stores in the United States, has been struggling in recent years as it faces competition from online retailers and discount stores. In an effort to improve its financial performance, Dick’s has been closing underperforming stores and cutting costs.
The layoffs are the latest in a series of cost-cutting measures that Dick’s has implemented in recent months. In May, the company announced that it would close 125 stores and lay off 450 employees. Dick’s has also been reducing its inventory and cutting back on promotions.
The layoffs come as Dick’s prepares for the holiday shopping season, which is typically its busiest time of year. The company is hoping that its cost-cutting measures will help it to improve its profitability and position it for long-term success.
Dick’s Sporting Goods is a leading sporting goods retailer in the United States. The company was founded in 1948 and is headquartered in Pittsburgh, Pennsylvania. Dick’s operates more than 850 stores in the United States and also has a significant online presence.
The company has been struggling in recent years as it faces competition from online retailers and discount stores. In an effort to improve its financial performance, Dick’s has been closing underperforming stores and cutting costs.
The layoffs are the latest in a series of cost-cutting measures that Dick’s has implemented in recent months. In May, the company announced that it would close 125 stores and lay off 450 employees. Dick’s has also been reducing its inventory and cutting back on promotions.
The layoffs come as Dick’s prepares for the holiday shopping season, which is typically its busiest time of year. The company is hoping that its cost-cutting measures will help it to improve its profitability and position it for long-term success.
**Here are some additional details about the layoffs:**
* The layoffs primarily affected employees in the merchandising division.
* The layoffs represent about 2% of the company’s corporate workforce of 12,500.
* The layoffs were part of a cost-cutting initiative aimed at improving profitability.
* Dick’s has been struggling in recent years as it faces competition from online retailers and discount stores.
* The layoffs come as Dick’s prepares for the holiday shopping season, which is typically its busiest time of year.
**It is important to note that the information provided in this article is based on publicly available sources and may not be complete or accurate. For the most up-to-date information, please refer to the official website of Dick’s Sporting Goods.**.
