eCommerce Strategy Consultant - Rick Watson - RMW Commerce Consulting

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Dick’s Sporting Goods creates venture fund for sports startups

DICK'S Sporting Goods (NYSE: DKS) creates confidence and excitement by personally equipping all athletes to achieve their dreams. Founded in 1948 and headquartered in Pittsburgh, the leading omnichannel retailer serves athletes and outdoor enthusiasts in more than 850 DICK'S Sporting Goods, Golf Galaxy, Field & Stream and Public Lands stores, online, and through the DICK'S mobile app.

This is an interesting one and a continuation of a trend where a major retailer is creating a venture fund in their niche to gain exposure to innovative ideas.  The fund is called DSG Ventures and has already made 5 investments including one called SidelineSwap which is a resale sporting goods marketplace concept for athletes.

Retail Dive: Dick’s Sporting Goods creates venture fund for sports startups