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Dick’s Soaring Sales Prove It Can Succeed Without Assault Rifles
CBS BOSTON ^ | 01 JUNE 2018 | AARON SMITH - CNN

Posted on 06/01/2018 4:22:02 PM PDT by Extremely Extreme Extremist

(CNN Money) — Back in February, Dick’s Sporting Goods made a bold decision to stop selling assault style rifles and high capacity magazines, and to raise the minimum age to purchase a gun to 21.

Executives there braced for pain. Instead they got good news.

Dick’s Sporting Goods stock price surged by as much as 27% after it reported stronger than expected quarterly sales and profit Wednesday.

It’s the first measure of their decision to pull away from some guns.

(Excerpt) Read more at boston.cbslocal.com ...


TOPICS: Society
KEYWORDS: banglist; dicks; retail; soaringdick
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1 posted on 06/01/2018 4:22:02 PM PDT by Extremely Extreme Extremist
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To: Extremely Extreme Extremist

I bet there were even stores who never sold fire arms showing a stock price surged by as much as 27%. “Its the economy stupid!”


2 posted on 06/01/2018 4:25:47 PM PDT by Bringbackthedraft (Damn Tag line, fouled up again, thanks cursor.)
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To: Extremely Extreme Extremist

Soaring economy = consumers able to really milk their leisure time = buy high-end sports stuff.

SIMPLE.


3 posted on 06/01/2018 4:26:33 PM PDT by gaijin
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To: Extremely Extreme Extremist

Big deal. I’ve already cut Dicks off completely.


4 posted on 06/01/2018 4:26:43 PM PDT by ViLaLuz (2 Chronicles 7:14)
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To: Extremely Extreme Extremist

So a mass of far-lefties shopped at Dick’s online as a one-time show of support and goosed the quarter for them.

What are they going to do after all the people who aren’t really interested in their products move on to the next fad? Negative same-store sales numbers are an ominous sign for future quarters.


5 posted on 06/01/2018 4:26:48 PM PDT by thoughtomator (Number of arrested coup conspirators to date: 0)
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To: Bringbackthedraft

great minds...


6 posted on 06/01/2018 4:26:54 PM PDT by gaijin
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To: Extremely Extreme Extremist

Just means that was not the place most people purchased their guns. People go to Dick’s to pick up Lacrosse equipment, football, baseball and other sporting equipment not to pick up a gun in most cases. There are gun stores for that. I love how they are saying, “oh poor gun buyers. See getting rid of guns is successful.” No getting rid of guns where people don’t buy them anyway is successful.


7 posted on 06/01/2018 4:27:06 PM PDT by napscoordinator (Trump/Hunter, jr for President/Vice President 2016)
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To: Bringbackthedraft

Who in the he’ll is shopping at brick and mortar sporting goods stores anymore??


8 posted on 06/01/2018 4:27:20 PM PDT by Dr. Pritchett
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To: Extremely Extreme Extremist

AARON SMITH

Christian or not Christian?


9 posted on 06/01/2018 4:27:28 PM PDT by Rome2000 (SMASH THE CPUSA-SIC SEMPER TYRANNIS-CLOSE ALL MOSQUES-GOD WITH US)
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To: Extremely Extreme Extremist

SeeBS, Boston and CNN. This story seems to have a credibility problem.


10 posted on 06/01/2018 4:27:41 PM PDT by FlingWingFlyer (#NotARussianBot)
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To: ViLaLuz

“Big deal. I’ve already cut Dicks off completely.”

Wait, is this thread about a sporting goods store or a Danish surgeon?


11 posted on 06/01/2018 4:28:12 PM PDT by Junk Silver ("It's a little hard to herd people onto trains when they're shooting at you." SirLurkedalot)
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To: Extremely Extreme Extremist

Story fails to mention guns are a small part of Dicks revenue which in March first quarter actually was down 9% from the year before


12 posted on 06/01/2018 4:28:14 PM PDT by wardaddy (Hanged not hung.)
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To: Extremely Extreme Extremist
Summertime means camping, kayaking, tennis, softball, etc., etc.

Come hunting season they will be singing a different tune. Hunters buy more than firearms, a lot more.
 

13 posted on 06/01/2018 4:30:12 PM PDT by Governor Dinwiddie (MAGA in the mornin', MAGA in the evenin', MAGA at suppertime . . .)
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To: Extremely Extreme Extremist
Dick’s Sporting Goods stock price surged by as much as 27% after it reported stronger than expected quarterly sales and profit Wednesday.

Ya'll are missing the point.

"Stronger than expected," when "Executives there braced for pain." does not mean sales actually increased.

14 posted on 06/01/2018 4:30:15 PM PDT by ShadowAce (Linux - The Ultimate Windows Service Pack)
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To: thoughtomator

Exactly What I said on another thread


15 posted on 06/01/2018 4:30:18 PM PDT by steel_resolve (And an angel still rides in the whirlwind and directs this storm)
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To: Extremely Extreme Extremist

Well I can’t speak to the real sales and profit figures because I don’t have them nor want them. It is peculiar that they had to write off the cost of all the big black guns they destroyed and paint a picture that the absence of people like me doesn’t matter. So I will sit here happy each time I drive through the parking lot past Dicks, past Target and stop at Cabellas.

Don’t believe for a minute that their posted earnings are real. Nor do I really care


16 posted on 06/01/2018 4:30:21 PM PDT by Cold War Veteran - Submarines
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To: Governor Dinwiddie

Thank you! I am sure this is busiest time of year for all outdoor activity stores.


17 posted on 06/01/2018 4:33:19 PM PDT by LeonardFMason (426)
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To: Extremely Extreme Extremist

We used to call articles such as this hogwash.


18 posted on 06/01/2018 4:34:59 PM PDT by rockinqsranch (Conservatives seek the truth. Democrats seek the power to dictate what truth is.)
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To: Junk Silver

Lol!


19 posted on 06/01/2018 4:36:12 PM PDT by Beowulf9
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To: Extremely Extreme Extremist

Fake news. The quarter was 2/3s over when they made their announcement at the end of February.

Never trust the lying media.


20 posted on 06/01/2018 4:36:25 PM PDT by PAR35
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