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At $67.2 billion, the sporting goods industry became one of the fastest-growing industries in the U.S. in 2022. Dick’s Sporting Goods controls an estimated 14.2% of that market, the most of any company. In 2021, Dick's posted a record annual revenue of $12.3 billion and tripled its net income as it rapidly pivoted its distribution strategy during the pandemic. Just a few years prior, in 2017, the company had invested heavily in e-commerce which has come to pay off since the pandemic. Dick’s looks to sustain its record growth as it shifts its leadership to a new CEO, a focus on technology and navigating both in-brand and partnerships with giants like Nike and Adidas. Chapters: 00:00 — Intro 1:15 — Humble beginnings 3:58 — Innovation & evolution 7:44 — E-commerce dominance 10:18 — The future of sporting goods Producer: Darren Geeter Senior Managing Producer: Tala Hadavi Animation: Jason Reginato, Christina Locopo Additional Sources: Telsey Advisory Group, Euromonitor International, IBISWorld, Reuters, SEC Filings, FactSet, National Sporting Goods Association, Harvard Business School Correction 2/7: At 1.21 we misspelled Binghampton. The correct is Binghamton. » Subscribe to CNBC: https://cnb.cx/SubscribeCNBC » Subscribe to CNBC TV: https://cnb.cx/SubscribeCNBCtelevision About CNBC: From 'Wall Street' to 'Main Street' to award winning original documentaries and Reality TV series, CNBC has you covered. Experience special sneak peeks of your favorite shows, exclusive video and more. Connect with CNBC News Online Get the latest news: https://www.cnbc.com/ Follow CNBC on LinkedIn: https://cnb.cx/LinkedInCNBC Follow CNBC News on Facebook: Follow CNBC News on Twitter: https://cnb.cx/FollowCNBC Follow CNBC News on Instagram: https://cnb.cx/InstagramCNBC #CNBC How Dick’s Sporting Goods Bet Big On E-commerce And Won