Posted on 12/16/2018 11:06:01 PM PST by Impala64ssa
Dicks serves as another warning for why people have been saying ‘Get Woke Go Broke’.
Ever since going political, their sales have been kind of … limp.
Just as the now-infamous school shooting in Florida was beginning its transition from “Horrific Crime against the Defenseless” to “Vehicle of the Left’s Political Agenda” Dick’s Sporting Goods made a decision.
Dick’s Sporting Goods made the decision to blame the tool rather than the killer or the many layers of protection that WOULD have disqualified the young killer from owning firearms in the first place.
Did kissing the activists’ ring help or hurt their cause?
It really depends on what their goal was. If they were trying to embolden the Gun Control crowd, mission accomplished. They made possible the activist careers of the David Hoggs of the world. But if they were looking to build their brand? It wasn’t such a great plan.
Their CEO, Edward Stack, made that decision. What’s happened since?
Sales dropped off, and they’re closing 35 stores in 18 states.
Back in March, Fortune went out if its way to say that it had nothing to do with their gun stance.
Only weeks after winning accolades from gun-control advocates for ending sales of assault rifles at its Field & Stream stores, Dick’s posted a deeper-than-expected sales decline. Its stock sank the most in four months Tuesday in the wake of the quarterly report, which reflected struggles with excess inventory and deep discounting. Source: Fortune
But now, even the CEO is admitting the obvious. It WAS their gun sales that hurt them.
The CEO of Dick’s Sporting Goods told investors in September that gun-purchasing restrictions the company imposed earlier this year have negatively affected its sales to a point where it may be forced to close its Field & Stream outlets.
In remarks made to the Goldman Sachs Retailing Conference and first reported by the Washington Free Beacon, CEO Edward Stack explained that the 3.9 percent decline in the company’s sales during the third quarter could be partially attributed to its ban on the sale of assault-style rifles and on the sale of all firearms to customers under 21 years old — both of which were implemented in the wake of the Parkland shooting in February.
…In addition to the firearm-purchasing restrictions, Dick’s also hired a number of Washington, D.C. lobbyists in May to advocate for more-stringent gun-control regulations. Taken together, the restrictions and the lobbying effort led the National Shooting Sports Foundation to expel Dick’s and caused a number of major gun manufacturers to sever ties with the retailer — developments that Stack admitted were detrimental to its third-quarter performance. Source: National Review
Headline:
Dick’s Heads Blow It
its not that we are in the mood for buying any guns but we buy other stuff....outdoors stuff...camping, etc.....we have other places to go than to a leftist business....
Their kind don’t learn, until they meet far more severe consequences than that. Everyone, if you want to win after 2020, you’d better start now.
“Don’t stick’s...?” Show that to snobbish people whose main problem is vanity? I think I’ll pass.
Richard’s Spring Goods may have gone down on a Richard with the dreaded disease, and now they have it.
Don’t stick..., maybe.
It’s a good idea, though.
Same rate of fire as Marlin 60 .22 rimfire that’s been on the shelves in sporting goods stores for decades.
When I go to the mall I always parled by Dicks and would go in their store, someyhimes I’d even purchase something. Not any longer, now I use a different entrance to the mall.
I would go into their and announce that I want to buy something. When the store clerks line up to help me, I would then say, “but not from you”.
Then carry on my day.
They boasted this would not hurt them at all.
Clerks do not set Dicks corporate policies.
I get it but its not at the right people.
Dance with the one whut brung ya.
The CEO and any board members who went along him should be fired, then sued into extinction for violating their fiduciary responsibilities.
In addition to the firearm-purchasing restrictions, Dick’s also hired a number of Washington, D.C. lobbyists in May to advocate for more-stringent gun-control regulations.
“The CEO of Dick’s Sporting Goods told investors...”
Maybe I’m old school, but if I were an ‘investor’ in Dick’s, I’d be suing them for mismanagement. It’s one thing to reposition based on that market forces moving them away from guns - that’s understandable. What’s not is allowing my investment money to be used for a political agenda that can only result in a bad outcome.
Well, may they all close.
As a fringe benefit, there's nothing the crowd who lauds Dick's for this stupidity would like better than to put a wave of people onto the unemployment rolls.
“I get it but its not at the right
people”
Store “floor” employees report to
supervisors, who report to managers,
who report to district managers, who
report to company execs. The guys at
the top know full well what’s
happening.
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