Recent reports from Dick's Sporting Goods highlight a notable shift in consumer spending, defying broader concerns about economic headwinds and potential tariffs. Despite some retailers bracing for a rocky 2025, Dick's has seen sales rise, attributing this success to consumers prioritizing activities and a healthy, active lifestyle. This indicates that while consumers might be becoming more selective with their discretionary spending, they are consistently allocating funds towards areas that support well-being, team sports, and outdoor activities.
This trend suggests a resilience in spending within the sporting goods sector, as consumers are not "trading down" to cheaper alternatives. Instead, Dick's has observed growth across all income demographics, with increases in both transaction volume and average ticket size. This behavior stands in contrast to some PYMNTS Intelligence findings that suggested consumers were buying less or trading down due to tariff concerns. Dick's CEO Lauren Hobart emphasized that engaging in sports and outdoor activities has become more of a necessity than a mere discretionary item for many, serving as a way to find calm in an uncertain world.
The continued strong performance of Dick's Sporting Goods points to a deeper societal shift where physical activity and outdoor engagement are seen as essential. The company's strategic investments in omnichannel experiences, including the successful GameChanger app, further cater to this evolving consumer behavior, demonstrating that integrating digital and in-store experiences can capture and retain customers who are increasingly prioritizing an active lifestyle.
CEO Lauren Hobart said during an earnings call that the company was reaffirming its guidance for 2025, which includes the “expected impact from all tariffs currently in effect.” Comparable sales are projected to be in the 1%- 3% range.
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