A new $170M funding round values online sports apparel retailer Fanatics at $3.1B, reports the...

|By:, SA News Editor

A new $170M funding round values online sports apparel retailer Fanatics at $3.1B, reports the WSJ, double the level of a year ago. With expected revenue of $1B this year, the company is being valued at about 3x sales vs. - for example - Dick's Sporting Goods (DKS) with a market cap of $6.4B on $5.8B in sales.