Dick’s, self destructing. Delicious.

[Wingman68]

Dick’s Sporting Goods to destroy all guns pulled from shelves

 

[TCassidy]

But, even after the announcement, their stock price is holding steady with a slight uptick.

 

[Wingman68]

But, even after the announcement, their stock price is holding steady with a slight uptick.

We’ll see, I’m a patient person. Stock prices today don’t mean much, but I would not be buying that stock now, would you?

 

[TCassidy]

Nope.

 

[InTheLight]

Wingman68, could you expound on your post?

Do you think Dick's Sporting Goods will lose money and/or market share because they've changed their firearms policy?

 

[Wingman68]

Wingman68, could you expound on your post?

Do you think Dick's Sporting Goods will lose money and/or market share because they've changed their firearms policy?

I absolutely think they will lose. Look at other companies who have flaunted their pc disdain of their customers. Kelloggs. Target. It’s never a good idea to alienate customers unless you are prepared to pay the price, & any brick & mortar store today, does not have that luxury. IMO.

 

[carpro]

Dick's is practically a nobody in the gun market, anyhow. Check their market share history.

I doubt it will have much effect.

 

[Wingman68]

Dick's is practically a nobody in the gun market, anyhow. Check their market share history.

I doubt it will have much effect.

Correct about market share, which is why they thought they’d make a statement & it wouldn’t cost them. I believe they miscalculated.

 

[church mouse guy]

Dick’s Sporting Goods to destroy all guns pulled from shelves

Stupid policy to destroy merchandise that could be sold to another corporation. They must have stupid management.

 

[Wingman68]

They could have donated to the military. That would have made sense. Many buy their own weapons & gear.

 

[church mouse guy]

They could have donated to the military. That would have made sense. Many buy their own weapons & gear.

Good point! They are a strange store anyway. When they came to Indy, they put some local stores out of business so I never did shop them much.

 

[Reformed]

I absolutely think they will lose. Look at other companies who have flaunted their pc disdain of their customers. Kelloggs. Target. It’s never a good idea to alienate customers unless you are prepared to pay the price, & any brick & mortar store today, does not have that luxury. IMO.

Ditto about brick and mortar stores. Retail profit margins are thin, to begin with. I shopped at a nearby Dick's because they had a good selection of golf balls and accessories and because it was convenient. However, with the selection and savings available online, I do not need to go Dick's anymore.

 

[777]

More thread necromancy but there's more news about Dick's:

Guns.come quoted Chief Executive Officer Ed Stack saying, “Later this quarter, we will remove virtually all of the hunt products from 10 Dick’s stores with the category with significant under performance and replace it with products and in-store experiences that are most relevant to our athletes in those markets.”

On August 29, 2018, Breitbart News reported that Dick’s sales were down last quarter and the chain admitted that their corporate gun control contributed to the slump.

The Wall Street Journal (WSJ) reported sales were hurt by “Dick’s decision to tighten its policy on gun sales after 17 people were killed in a February shooting at a Parkland, Fla., high school. The retailer halted sales of any firearms to people under age 21 at all of its 845 Dick’s and Field & Stream stores, and stopped selling assault-style weapons at Field & Stream.” Dick’s also stopped selling “high capacity” magazines for commonly owned semiautomatic firearms.

Dick's Waves White Flag: Will Begin Removing 'Hunt Products' from Certain Stores

evil evil "hunt products", Cabela's for the crossbow.

 

[InTheLight]

They are taking hunt products out of 10 of their stores and replacing them with athletic products.

Dick's has 680 stores. This move is just an adjustment to the local market conditions at those 10 stores and not some further anti-gun statement. For all we know these 10 stores could be in the inner city somewhere.

Sent from my Pixel 2 XL

 

[Reynolds]

More thread necromancy but there's more news about Dick's:



Dick's Waves White Flag: Will Begin Removing 'Hunt Products' from Certain Stores

evil evil "hunt products", Cabela's for the crossbow.

Dicks should get out of the hunting and firearms market. Their selection is tiny and their prices are very high. I don't trade with them due to their prices. I sure won't now due to their policies.

 

[InTheLight]

I absolutely think they will lose. Look at other companies who have flaunted their pc disdain of their customers. Kelloggs. Target. It’s never a good idea to alienate customers unless you are prepared to pay the price, & any brick & mortar store today, does not have that luxury. IMO.

Dick's Sporting Goods Hits Earnings Out of the Park

The sporting goods retailer has put its gun controversy behind it for good.



Dick's reported net sales growth of 5.6% to $1.96 billion for the period on a 6% surge in comparable-store sales. The retailer said the comps showing was its best quarterly same-store sales performance in six years, but it also indicates that its program of swapping out low-margin, narrowly focused hunting goods in favor of products with broader appeal is working.

Dick's Sporting Goods Hits Earnings Out of the Park | The Motley Fool

Sent from my Pixel 2 XL using Tapatalk

 

[Wingman68]

Dick's Sporting Goods Hits Earnings Out of the Park

The sporting goods retailer has put its gun controversy behind it for good.



Dick's reported net sales growth of 5.6% to $1.96 billion for the period on a 6% surge in comparable-store sales. The retailer said the comps showing was its best quarterly same-store sales performance in six years, but it also indicates that its program of swapping out low-margin, narrowly focused hunting goods in favor of products with broader appeal is working.

Dick's Sporting Goods Hits Earnings Out of the Park | The Motley Fool

Sent from my Pixel 2 XL using Tapatalk

Even they prosper under a Trump economy, meh. Enjoy.

 

[Reformed]

I buy all my golf gear online and my weapons/ammo from a local gun store, so for me a store like Dick's is unnecessary.

Sent from my Pixel 2 XL using Tapatalk

 

[Shoostie]

Dick's wants to protect itself from lawsuits. Gun sellers with deep pockets are headed toward destruction at the hands of the courts.

 

[church mouse guy]

Dick's wants to protect itself from lawsuits. Gun sellers with deep pockets are headed toward destruction at the hands of the courts.

Dick's put a good local company out of business in Indianapolis. Big chains do that. Current law protects gun manufacturers but people are nuts. If I get run over by a truck, I can't sue the manufacturer because the truck ran over me. If I get stabbed on London Bridge with a knife, I can't sue the knife manufacturer. What is wrong with the American people? Not only do we have foreign enemies galore but now we are overrun with domestic enemies. We have a crime wave in Indianapolis. Over Thanksgiving weekend teenagers had a big fist fight in the downtown Indianapolis mall Circle Centre food court. The murder rate per capita in Indianapolis is the same as Chicago or South Bend. The official worst city in the USA is Gary, Indiana.