University Park, Pa. – Ed Stack, chairman and chief executive officer of Dick's Sporting Goods, is scheduled to speak at the Penn State Smeal College of Business at 1 p.m. on April 13, in the Business Building's Struthers Auditorium.
His talk is part of the college's Melvin Jacobs Retail Leadership Lecture series, which brings retail industry leaders to campus to discuss the latest trends in the sector and share their personal experiences as leaders the field. The event is free and open to all interested parties.
Stack, at the helm of Dick's Sporting Goods as chairman and CEO since 1984, leads the largest full-service sporting goods retailer in the country. In addition to growing up in the family business, Stack has served Dick's full-time in a variety of positions since 1977. Over the last 33 years, he has led the company through a remarkable period of growth from just two stores in upstate New York to 419 stores in 40 states, an e-commerce business, an international sourcing headquarters in Hong Kong, a highly successful IPO, and three strategic business acquisitions—Galyan's Trading Company, Golf Galaxy with 91 stores in 31 states today, and Chick's Sporting Goods.
Stack is a member of the National Sporting Goods Association Hall of Fame, was named the inaugural Sports Executive Visionary of the Year by Sports Style magazine, and has been named Entrepreneur of the Year in Southwestern Pennsylvania by Ernst & Young. He has served on the Board of Trustees of Seton Hill University, and currently serves on the Board of Directors of KeyCorp, the National Retail Federation, and the Advisory Board of Wharton's Jay H. Baker Retailing Initiative.
The Jacobs lecture series was established in tribute to Melvin Jacobs, a 1947 graduate of Penn State and former chairman and CEO of Saks Fifth Avenue, who died in 1993. Jacobs' wife, Rosalind "Roz" Jacobs, and daughter, Peggy Learner, established an endowment to support lectures by outstanding leaders who are shaping the future of the retail industry.
Jacobs began his retail career at Bloomingdale's in the 1940s, eventually progressing to senior vice president and general merchandise manager. In 1972, he was named president and then chairman of Burdine's, a Florida-based department store chain owned by Federated Department Stores Inc., which also owned Bloomingdale's. Federated subsequently promoted him to vice chairman, and he resigned in 1982 to become chairman and CEO of Saks.
After retiring from Saks, Jacobs launched a retailing and investment company called Retail Options Inc., and joined the board of QVC Network Inc.