Business

Market Movers

Merrill sees positives in retailer’s guidance

Dick’s sees earnings of $2.84 to $2.86 in the next year.

Keith Srakocic/AP/File

Dick’s sees earnings of $2.84 to $2.86 in the next year.

Dick’s Sporting Goods Inc. ran higher after analysts at Merrill Lynch — which called Dick’s the nation’s best-positioned sporting goods retailer — said they see an upside to the company’s same-store sales guidance for 2014 as it remodels stores and develops new concepts. Merrill said footwear, driven by strong trends in basketball, and the rollout of Nike, Under Armour, and North Face in-store shops will help drive sales and offset negative trends in Dick’s fitness business.

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