Posted on 12/11/2018 2:19:50 PM PST by Beave Meister
I’ve written more about Dick’s Sporting Goods in 2018 than I ever thought I would. When the year started, we thought the company would have gotten the message that taking anti-gun stances wasn’t conducive to profits, but it didn’t.
So Dick’s doubled down after Parkland and purged the rest of the AR-15s from its stores and then instituted a discriminatory policy against legal adults.
And it’s biting it right in the kiester, too.
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.
“Well I think it’s definitely a factor, and it’s nothing that we didn’t anticipate,” Stack said of the sales downturn during the call. “As we put out kind of our guidance for the year and our earnings guidance for the year, we knew this would happen when — we’ve made some decisions on firearms in the past and we’ve had a pretty good idea of what these consequences were going to be. We felt that was absolutely the right thing to do. We would do the same thing again if we had a mulligan, so to speak, to do it again.”
(Excerpt) Read more at bearingarms.com ...
That was so well put, you may have just killed your own thread. What else is there to say?
suicide by consumerism.
Dick decisions have consequences
Seems they shot themselves in the foot and without a gun!
Ironic!
HahahahahahahHahahaaaaaaawww!!! Love it! Socialism/fascism at work!
Too bad, so sad; Not.
Social Justice and Retail don’t mix.
Death to Dick’s.
If they had just taken the time to find out who their real customer base was, and not the liberal media, they wouldn’t have made such a stupid blunder......................or maybe they would................
I’m sure he consulted all of the stock holders and they were all cool with his feel good move.
“f they had just taken the time to find out who their real customer base was, and not the liberal media, they wouldn’t have made such a stupid blunder......................or maybe they would..............”
I’d be interested to pull up the board members. This strikes me as a board level decision.
I’ll bet $100 donation to the JPFO they are all liberals.
“we knew this would happen when — we’ve made some decisions on firearms in the past and we’ve had a pretty good idea of what these consequences were going to be. We felt that was absolutely the right thing to do. We would do the same thing again if we had a mulligan, so to speak, to do it again.”
what a maroon.
Similar info at Bloomberg
I’ve personally boycotted Dick’s for several years after they went PC! Good for them go bankrupt! Cabela’s is ready to pick up the slack!
Well, did he short the stock or buy puts - or tell his friends tp do so?
Chairman of the Board and CEO is one “Edward W. Stack”, son of the founder. I can’t quickly find anything damning about him, except that the decision to be an anti-gun “dick” may have been his alone.
I love your unabashed sense of pride. I wish more American Jews were like you.
Way to back and fill there, Mr. Stack.
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