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| Trade name | Big 5 Sporting Goods |
|---|---|
| Company type | Public |
| Traded as | Nasdaq: BGFV S&P 600 Component |
| Industry |
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| Founded | 1955; 69 years ago (1955) |
| Founder | Maury Liff |
| Headquarters | El Segundo, California, United States |
| Number of locations | 431 |
| Key people | Steven G. Miller (CEO) |
| Revenue |  US$884.7 million (FY 2023) |
| Operating income | US$34.2M (FY 2011) |
| Net income | US$20.6M (FY 2011) |
| Total assets | US$392M (FY 2011) |
| Total equity | US$151M (FY 2011) |
| Number of employees | 9,500 |
| 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. Steven G. Miller is the chairman, president, and CEO.
History
Big 5 was founded in September 1955 by Maurie I. Liff, Harry A. Liff and Robert W. Miller. The name Big 5 is derived from the first five Army surplus stores that were opened in California. 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.
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.
In 2016, the company posted net sales of $1.02 billion with 432 stores in 11 States.
Description
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.
Big 5 stores sell firearms, but face ever-stricter local regulations regarding the secure sale of firearms.
References
- Big 5 Sporting Goods Corporation Announces Fiscal 2011 First Quarter Results
- ^ Big 5 Sporting Goods (BGFV) annual SEC income statement filing via Wikinvest.
- ^ 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.
- ^ 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.
- ^ "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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