Dick's surges 28%, killing short-sellers

In Glendale, Ca. Photo: Robyn Beck/AFP/Getty

The demise of brick-and-mortar retail is no longer a sure investment bet.

What's going on: Shares of Dick's Sporting Goods have surged by as much as 28% today after surprisingly solid first-quarter earnings and a forecast for a rosy year overall, reports the WSJ's Elizabeth Winkler.