American sports retailer Dick’s Sporting Goods announced on Tuesday plans to close 11 Moosejaw stores as part of a broader restructuring strategy..
The company said its board of directors has approved a plan to exit the Moosejaw retail business, which was acquired in 2017 for $85 million. Moosejaw currently operates 11 stores in nine states..
The move is part of Dick’s Sporting Goods’ efforts to streamline its operations and focus on its core business. The company said it will continue to offer Moosejaw products through its website and select Dick’s Sporting Goods stores..
“This was a very difficult decision, but it is the right one for our business,” said Lauren Hobart, CEO of Dick’s Sporting Goods. “We are committed to serving our customers and providing them with the best possible experience, and we believe that this plan will allow us to do that.”.
The company said it will provide severance packages and outplacement assistance to affected employees..
The closures will come as a blow to Moosejaw’s loyal customer base. The company is known for its high-quality outdoor gear and apparel, as well as its knowledgeable and friendly staff..
Moosejaw was founded in 1992 by David Meir and Terry Hale. The company initially focused on selling climbing gear and equipment, but eventually expanded its product line to include a wide range of outdoor gear and apparel..
Moosejaw was acquired by Dick’s Sporting Goods in 2017. At the time, Dick’s Sporting Goods said it planned to keep Moosejaw operating as a separate entity. However, the company has since decided to close all of the Moosejaw stores..
The closures are expected to have a negative impact on Moosejaw’s employees and customers. However, Dick’s Sporting Goods said it is committed to providing severance packages and outplacement assistance to affected employees, and that it will continue to offer Moosejaw products through its website and select Dick’s Sporting Goods stores..
