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Byline: AMY REEVES
A name like Dick's Sporting Goods Inc. could hardly have been created by poll testing. So it's not surprising the company is named after a real person.
Richard Stack's first store opened in upstate New York 54 years ago. For many years it remained a mom and pop operation. When his son Edward took over in 1984, the "chain" had only two branches.
Things have changed. Today the company boasts 141 stores in 25 states. Two months ago it had its initial public offering, and watched its stock rise from 12 to near 21.
Dick's has carved out a good slice of a highly competitive market that includes rivals such as Sports Authority Inc. and Galyans Trading Co.
It's done that by appealing to the serious sportsperson, analysts say. Dick's sells more equipment and less clothing than most other sports retailers, and the clothing it does sell is more functional than flashy.
The approach has its risks. Most sports retailers are tempted to sell more high-fashion apparel because the margins are so good. But the market is less stable.