PITTSBURGH, Nov. 26 /PRNewswire-FirstCall/ -- Dick's Sporting Goods,
 Inc. (NYSE:   DKS) and Chick's Sporting Goods, a privately held corporation,
 have entered into a definitive stock purchase agreement whereby Dick's will
 acquire Chick's Sporting Goods. Under the terms of the agreement, Dick's
 has agreed to pay approximately $40 million in cash for the outstanding
 equity of Chick's. Including the assumption of approximately $31 million of
 indebtedness, the transaction values Chick's at approximately $71 million,
 and will be financed using Dick's existing credit facility. Chick's
 shareholders have the opportunity to earn up to $5 million in additional
 consideration, upon satisfaction by Chick's of certain specified
 performance criteria through June, 2008.
 
     Completion of the transaction is contingent upon various customary
 conditions. The transaction is anticipated to be completed on or before
 December 31, 2007.
 
     Chick's currently operates 15 specialty sporting goods stores in
 Southern California averaging ~50,000 square feet, and generated over $120
 million in sales during the year ended June 30, 2007. Two additional store
 leases have been signed and those stores will open as Dick's stores in 2008
 and 2009.
 
     "Chick's Sporting Goods is well positioned in several important
 Southern California markets. This acquisition provides the Company with an
 immediate presence and market share in Southern California. The passion
 with which Chick's Sporting Goods serves the core athlete and California
 lifestyle customers which include beach and skate markets via their
 assortment featuring products from authentic manufacturers, commitment to
 customer service and knowledgeable sales associates, along with Chick's
 community involvement compliments Dick's Sporting Goods strategy," said
 Edward W. Stack, Chairman and CEO of Dick's Sporting Goods.
 
     "We are pleased to be part of the Dick's Sporting Goods family. The
 resources and expertise that are available from Dick's, combined with our
 knowledge and experience in the California marketplace will provide our
 customers with a great shopping experience," added James M. Chick, CEO of
 Chick's Sporting Goods.
 
     Dick's management anticipates the acquisition will be marginally
 accretive in fiscal 2008 from an earnings perspective, as Chick's four wall
 operating profitability is partially offset by interest expense,
 acquisition and integration costs. Dick's expects the acquisition will be
 neutral from an earnings perspective for the balance of fiscal 2007. We
 plan to provide earnings guidance for fiscal 2008 with Dick's year end
 earnings release in March 2008, consistent with Dick's standard practice.
 
     Forward-Looking Statements Involving Known and Unknown Risks and
 Uncertainties
 
     Except for historical information contained herein, the statements in
 this release are forward-looking and made pursuant to the safe harbor
 provisions of the Private Securities Litigation Reform Act of 1995. You can
 identify these statements by forward-looking words such as "may," "will,"
 "expect," "anticipate," "believe," "guidance," "estimate," "intend,"
 "predict," and "continue" or similar words. Forward-looking statements
 involve known and unknown risks and uncertainties, which may cause the
 Company's actual results in future periods to differ materially from
 forecasted results. Those risks and uncertainties are more fully described
 in the Company's Annual Report on Amendment No. 1 to Form 10-K/A for the
 year ended February 3, 2007 as filed with the Securities and Exchange
 Commission on June 5, 2007. The Company disclaims any obligation and does
 not intend to update any forward-looking statements except as may be
 required by the securities laws.
 
     About Dick's Sporting Goods, Inc.
 
     Dick's Sporting Goods, Inc. is an authentic full-line sporting goods
 retailer offering a broad assortment of brand name sporting goods
 equipment, apparel, and footwear in a specialty store environment. As of
 November 3, 2007, the Company operated 340 stores in 36 states primarily
 throughout the eastern half of the U.S. The Company also owns Golf Galaxy,
 a multi-channel golf specialty retailer, with 77 stores in 29 states,
 ecommerce websites and catalog operations.
 
     Dick's Sporting Goods, Inc. news releases are available at
 http://www.dickssportinggoods.com/ (click on the Investor Relations link at
 the top of the home page).
 
 

     Contact:
 
     Timothy E. Kullman, SVP -- Chief Financial Officer or
     Dennis Magulick, Director, Investor Relations
     724-273-3400
     investors@dcsg.com
 
 

SOURCE Dick's Sporting Goods, Inc.

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