Over 300 trade-in events to be held at select Dick’s locations

  • Dick’s Sporting Goods and SidelineSwap are expanding their resale partnership
  • Over 300 used sports gear trade-in events will be held at select Dick’s locations
  • Last year, resellers received an average of $120 in exchange for their used items
  • SidelineSwap has helped over 2 million customers resell over $250 million worth of secondhand sports equipment
  • Dick’s Sporting Goods plans to build 15 additional experiential House of Sports locations

Dick’s Sporting Goods is partnering with SidelineSwap for the third year in a row to expand their resale partnership. The companies will hold over 300 used sports gear trade-in events at select Dick’s locations throughout the year. Last year, resellers who attended a trade-in event received an average of $120 in exchange for their used items. SidelineSwap has been instrumental in helping over 2 million customers resell over $250 million worth of secondhand sports equipment. The partnership has received investments from eBay Ventures and Dick’s Sporting Goods’ venture arm, DSG Ventures. In addition to the partnership, Dick’s Sporting Goods plans to build 15 additional experiential House of Sports locations after a successful Q4.

Factuality Level: 3
Factuality Justification: The article provides a lot of detailed information about the partnership between Dick’s Sporting Goods and SidelineSwap, as well as the investments made by both companies. However, the article lacks broader context or analysis, and it reads more like a press release than an objective news article. It also contains some unnecessary details and repetitive information, which lowers its factuality level.
Noise Level: 3
Noise Justification: The article mainly focuses on the partnership between Dick’s Sporting Goods and SidelineSwap, providing details about their collaboration, the benefits for customers, and the investments made by both companies. It lacks in-depth analysis, accountability, or scientific rigor. The information provided is relevant to the topic but contains some repetitive information and does not offer significant insights or solutions.
Financial Relevance: Yes
Financial Markets Impacted: Dick’s Sporting Goods
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial topic of Dick’s Sporting Goods partnering with SidelineSwap and expanding its brick-and-mortar presence. There is no mention of an extreme event.

Reported publicly: www.retaildive.com