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Stock impact report

Dick's Sporting Goods to start furloughing employees on April 12 [MarketWatch]

Dick's Sporting Goods Inc (DKS) 
Last dick's sporting goods inc earnings: 3/10 07:30 am Check Earnings Report
US:NYSE Investor Relations: investors.dicks.com
Company Research Source: MarketWatch
Dick's Sporting Goods Inc. disclosed Wednesday that it will be furloughing a "significant number" of employees who work at its retail stores, distribution centers and its corporate headquarters starting April 12. The sporting goods retailer said the furloughs are a result of uncertainty surrounding the duration of the store closures given the COVID-19 pandemic. Dick's said it will continue to provide benefits to furloughed employees. Other actions previously taken include suspending share repurchases, cutting capital expenditures and reducing salaries of executives, senior leadership and certain other employees. The stock, which is still inactive in premarket trading, has tumbled 51.8% year to date, while the S&P 500 has lost 17.7%. Show less Read more
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