Dick's Sporting Goods' shares slide as sales miss expectations and company blames Under Armour

Dick's Sporting Goods says it sold less merchandise during the second quarter than analysts were expecting. Shares of Dick's Sporting Goods DKS plunged by more than 9 percent Wednesday morning after the retailer said it sold less merchandise during the second quarter than analysts were expecting. Sales at Dick's Sporting Goods stores open for at least 12 months also tumbled by a bigger-than-expected 4 percent during the quarter.