Dick’s Sporting Goods CEO Edward Stack is saying all the right things, the company is making (it appears) all the right investments, yet the venerable retailer faces various challenges ahead. During the company’s recent third-quarter earnings call, Stack talked about continued growth across key businesses, such as golf, its private brands, and athletic footwear, while other categories, including hunting and electronics, remain under pressure. “Merchandise margins were under pressure in this highly-promotional....

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