Dick's Sporting Goods outlined a state-by-state plan for where it sees its potential to double its store count in the years ahead. Not surprisingly, the retailer’s biggest expansion potential was seen in the West but sizeable growth was also forecast in several other states.


The plan was provided in a Securities & Exchange filing and tied to an appearance of DKS officials at Baron Funds Conference on October 22.

Dick's SG has stated that it sees potential for more than 900 stores in the U.S., which compares to 425 in 42 states at the close of the second quarter.


In the West, Dick's SG sees the potential for 94 stores in California, up from 15 currently. The DSG store base in Washington is seen growing from one currently to 18; Colorado, 13 to 18; Utah, from one to 12; Oregon, eight to 11; Nevada, one to eight; Idaho, one to six; Montana, 0 to five; and Wyoming, 0 to one.


In the Midwest, Ohio is seen having the potential to grow from 35 stores currently to 43; Michigan, 15 to 30; Illinois, 21 to 36; Indiana, 17 to 21; Wisconsin, seven to 16; Minnesota, seven to 13; Kansas, six to 12; Iowa, two to nine; Missouri, three to nine; and Nebraska, from three stores now to four potential.


In the Southwest, Texas is seen as having the potential to reach 60 stores, up from 18 currently; Arizona, one to 20; Oklahoma, 0 to 14; and New Mexico, 0 to 4 stores.


In the South, Florida is seen expanding its store base from 11 to 54; North Carolina, 22 to 31; Virginia, 20 to 31; Georgia, 14 to 26; Tennessee, 14 to 16; South Carolina, eight to 14; Alabama, nine to 13; Kentucky, 6 to 13; Louisiana, two to 10; Arkansas, one to seven; Mississippi, three to nine; and West Virginia, five to six.


In the Mid-Atlantic, Dick's SG's Pennsylvania store base is seen as only having the potential to expand from 36 stores to 42; New York, 29 to 50; New Jersey, 15 to 24; Maryland, nine to 23; Connecticut, eight to 15; and Delaware, from two currently to four stores.


In the New England region, Massachusetts is seen expanding from 16 stores to 27; New Hampshire, three to seven; Maine, four to six; and Rhode Island, two to four. Vermont, with two stores, is the only one of the continental states where it sees no growth.


No expansion plans were listed for Hawaii and Alaska.