Posted on 03/22/2018 10:55:24 AM PDT by Sir Napsalot
Dick’s Sporting Goods has suffered a surprisingly steep downturn in sales since promising to sell fewer guns, but the problem isn’t the gun sales, Fortune says.
Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21.
However, the store has also suffered problems with overstocking and high discounts, as well as increased competition from places like Nike and Amazon.
After the Parkland school shooting last month that killed 17, Dick’s executives were aghast to learn that the young gunman had bought one of his many guns from them, though not the one he used in the shooting.
As a sign of solidarity with the student protesters calling for gun control laws, Dick’s announced it would no longer sell assault-style firearms and high-capacity magazines.
The athletic gear company instituted a similar ban after the 2012 Sandy Hook shooting but rescinded it a few months later and returned to selling assault weapons. This time the ban is permanent, Dick’s says.
(Excerpt) Read more at nationalreview.com ...
The crowd the Dick's executives want to appeal to, apparently weren't impressed enough to start buying their goods.
“but the problem isn’t the gun sales”
Whatever you say.
Dicks. What more need be said?
The real cause is people like me, who try out clubs at the store, decide which one to buy, then buy them on eBay much cheaper on auction. Amazon has no auction, and costs more than eBay for many items.
Oh well....
>>> “There’s going to be some pushback and we expected that,” said CEO Edward Stack, in an earnings call with Wall Street analysts, according to CNN. .....
The decision is “not going to be positive from a traffic standpoint and a sales standpoint,” Stack predicted.
The company’s shares fell 7.3 percent after going up 13 percent this year. <<<
Dick’s is expecting the drop in sales and shares, but it is ok and to be expected by the CEO, as long as he (representing the company) feels good.
I will never shop there over this.
Didn’t like their stores anyway when I lived on the East Coast.
People who won’t shop there now might have bought many kinds of items. It is not relevant to say the issue is only about their current and future gun sales, they will likely lose sales across their inventory.
you’re admitting you do that?
that’s a pretty crappy thing to do.
WNo sales - what do you expect? The Company management is acting like DICKS.
Someone cue the Ha Ha Guy.
I used to buy a lot of fishing tackle, ammo and camping fear from Dicks but I will never step in their again.
I will hold a parade when they go Toys R Us.
Dicks: Stormy Daniels should be your new spokesbimbo. She apparently needs the money and Dicks is right up her....alley.
It’s what they get for not knowing their customers.
Great news!!!
Don’t be a Dick!! Shop at Cabelas. I will not buy at Dicks F&S until they are having their going out of business sale.
As a private company, they are free to set whatever policies they wish regarding the products they sell. They are also responsible for whatever effect these policies have on their bottom line.
As long as those ass-hats don’t start asking for some kind of taxpayer-funded bail out I don’t care what they do.
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