A plethora of large companies invest in strategic alliances or at least consider them often.. Dick's Sporting Goods is no different. In April of 2012 they entered into a strategic alliance with JJB, a UK Retailer.
I've attached a link to an article that illustrates the transaction:
http://www.thedeal.com/content/restructuring/dicks-sporting-goods-to-invest-in-jjb.php
You can see this alliance / investment provides Dick's with an active growth opportunity outside it's normal business model. It will be interesting to see how this plays out over the next 5-10 years.
Enjoy!
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