Big 5 Sporting Goods
 | |
| Big 5 Sporting Goods | |
| Company type | Public |
| Nasdaq: BGFV S&P 600 Component | |
| Industry |
|
| Founded | 1955 |
| Founder | Maury Liff |
| Headquarters | , United States |
Number of locations | 431[1] |
Key people | Steven G. Miller (CEO) |
| Revenue |  US$884.7 million (FY 2023)[2] |
 US$-48.2M 39 Weeks 2024 (FY 2024)[3] | |
| Total assets | US$647M (FY 2023)[4] |
| Total equity | US$40.41M (FY 2024)[4] |
Number of employees | 2,300est.[5] |
| Website | big5sportinggoods.com |
Big 5 Sporting Goods Corporation is a sporting goods retailer headquartered in El Segundo, California with 434 stores in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.[6] Steven G. Miller is the chairman, president, and CEO.
History
[edit]Big 5 was founded in September 1955 by Maurie I. Liff, Harry A. Liff and Robert W. Miller.[6] The name Big 5 is derived from the first five Army surplus stores that were opened in California.[7] Sportswest and Sportsland were acquired in May 1988 from Pay 'n Save subsequently.
In 1990, the company was fined $125,000 for selling discounted brand-name shoes that were actually poorly manufactured by those brands to be distributed only in Big 5 stores. For example, some New Balance models sold in Big 5 stores used a cardboard heel cup instead of a plastic heel cup. The investigation started when long-distance runner Gary Tuttle reported the oddly poor quality of the name-brand shoes he had purchased at Big 5 stores.[8]
In 1997, Robert W. Miller and his son Steven G. Miller bought Big 5 back from Leonard Green & Partners, owners since 1992, by acquiring a majority take. By then, the company was making 400 millions in revenue with 202 stores in 9 states.[9]
In 2016, the company posted net sales of $1.02 billion with 432 stores in 11 States.[10]
Description
[edit]Big 5 stores are smaller than big-box competitors, with an average size of 11,000 square feet, giving it an access to smaller malls and towns. The store sell name-brand products and Big 5 products.[7]
Big 5 stores sell firearms, but face ever-stricter local regulations regarding the secure sale of firearms.[11]
References
[edit]
- ^ Big 5 Sporting Goods Corporation Announces Fiscal 2011 First Quarter Results
- ^ Big 5 Sporting Goods (BGFV) annual SEC income statement filing via Wikinvest.
- ^ Cite error: The named reference
2024IncomeStatmenentwas invoked but never defined (see the help page). - ^ a b Big 5 Sporting Goods (BGFV) annual SEC balance sheet filing via Wikinvest.
- ^ "Company Profile for Big 5 Sporting Goods Corporation (BGFV)". Retrieved 21 October 2008.
- ^ a b Dow Jones Client Solutions (September 5, 2010). "Investor Relations Home". Big 5 Sporting Goods. Big 5 Sporting Goods, Inc. Archived from the original on 6 September 2010. Retrieved September 5, 2010.
Big 5 is the leading sporting goods retailer in western United States, operating stores in 12 states.
- ^ a b "Big 5 founder Robert W. Miller dies at age 85". Whittier Daily News. 2008-09-17. Retrieved 2024-05-22.
- ^ Reed, Mack (1990-05-16). "Big 5 Fined $125,000 for False Advertising". Los Angeles Times. Retrieved 2024-05-22.
- ^ Vrana, Debora (1997-10-09). "Big 5 Founder to Buy Majority Stake in Firm". Los Angeles Times. Retrieved 2024-05-22.
- ^ "How Big 5 Sporting Goods is succeeding where other sporting goods stores have failed". Pasadena Star News. 2017-01-19. Retrieved 2024-05-22.
- ^ "Council asks for new restrictions on gun sales and ownership". Santa Monica Daily Press. 2023-06-19. Retrieved 2024-05-22.
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