Dick's Sporting Goods stock tanks as retail thieves snatch profits

Dick's Sporting Goods stock tanks as retail thieves snatch profits

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Dicks's Sporting Goods (DKS) stock tumbled more than 20% Tuesday morning after the sporting goods retailer said organized retail crime has cut into its profits. "Our Q2 profitability was short of our expectations due in large part to the impact of elevated inventory shrink, an increasingly serious…

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