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Dick’s Sporting Goods Cuts Salaries And Expenses, Suspends Stock Buybacks

Dick’s Sporting Goods, in a regulatory filing, announced the temporary reduction in the base salaries of certain executive officers in response to the current business environment as impacted by COVID-19. The retailer also said it’s embarking on a “significant reduction” in expenses and planned inventory receipts, reducing planned capital expenditures, temporarily suspending its share buybacks, and evaluating its dividend program. 

DeSean Jackson Partners With The Dick’s Sporting Goods Foundation

The Dick’s Sporting Goods Foundation announced it is awarding Top Prospects Baseball facility in Los Angeles a $10,000 Sports Matter grant in partnership with pro football player DeSean Jackson, an ambassador for United Sports Brands – parent company of Shock Doctor, McDavid, and Cutters.

Synchrony And Dick’s Sporting Goods Announce Multi-Year Extension

Synchrony announced it has signed a multi-year extension with Dick’s Sporting Goods. Building on a more than 15-year relationship, this agreement will continue to provide customers with special financing promotions, an accelerated rewards program, and digital account management through the ScoreRewards branded credit card and co-branded Mastercard credit programs.

RECALL: Ethos Pull-Up Assist At Dick’s Sporting Goods

Dick’s Sporting Goods Inc. is recalling about 10,000 Ethos Pull-Up Assist equipment used for assistance while doing pull ups. According to a statement from the U.S. Consumer Product Safety Commission, the plastic clip on the nylon web band that is attached to the resistance band with a carabiner can break, posing a laceration hazard.