Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

Dick’s Sporting Goods Lost Millions Over Anti-Gun Policies – Here’s How Much The Backlash Cost
dailycaller.com ^ | 3/29/2019 | Molly Prince

Posted on 03/29/2019 8:43:01 PM PDT by rktman

Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating for gun control.

The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or high-capacity magazines and increased the purchase age for all firearms to 21.

Dick’s also hired anti-gun lobbyists to promote gun restriction legislation, despite saying it still supports the Second Amendment.

“The system does not work,” said Edward Stack, Dick’s CEO. “It’s important that when you know there’s something that’s not working, and it’s to the detriment of the public, you have to stand up.”

(Excerpt) Read more at dailycaller.com ...


TOPICS: Business/Economy; Constitution/Conservatism; Philosophy
KEYWORDS: 2a; banglist; dicks; kaba; retail; thesystemdoeswork
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-93 next last
To: 21twelve
Oops! Please disregard my #39. Apparently, I need to clean my reading glasses. You're right, the lost sales are a small fraction of total sales. Still, this hurts their bottom line by a greater percentage. They now have to amortize fixed costs over a smaller sales base. Layoffs, and even some store closures are not out of the question. A lower return on equity will discourage investors.
41 posted on 03/29/2019 11:37:41 PM PDT by USFRIENDINVICTORIA
[ Post Reply | Private Reply | To 20 | View Replies]

To: Reno89519
Killing off his company, losing $150 million.

You're missing the point. He used shareholder wealth to signal how virtuous he is and that's what matters.

42 posted on 03/29/2019 11:39:53 PM PDT by pepsi_junkie (Often wrong, but never in doubt!)
[ Post Reply | Private Reply | To 9 | View Replies]

To: rktman

Ed Stack and his board do not care

Like Hollywood moguls willing to make losing political films to make a point


43 posted on 03/29/2019 11:43:58 PM PDT by wardaddy (If we donÂ’t get some high ranking convictions from this failed coup....then they still won)
[ Post Reply | Private Reply | To 1 | View Replies]

To: 21twelve

It doesn’t work like that. Guy goes in for a rifle, he might buy a jacket, boots, fishing pole, camping equipment. Then in off season he buys weights, running shoes etc.

Only now, he don’t go there for his rifle. He thinks Dicks dislikes him. He never buys all that other stuff. It’s like that.


44 posted on 03/29/2019 11:51:09 PM PDT by DesertRhino (Dog is man's best friend, and moslems hate dogs. Add that up. ....)
[ Post Reply | Private Reply | To 20 | View Replies]

To: rktman

Because they are dicks...?


45 posted on 03/29/2019 11:52:57 PM PDT by northislander
[ Post Reply | Private Reply | To 1 | View Replies]

To: Impala64ssa

I don’t get it. Can you explain what is supposed to be funny about Ellen Degeneres suddenly liking Dicks. She is liberal, right? She would of course like it.


46 posted on 03/30/2019 12:07:54 AM PDT by gunsequalfreedom
[ Post Reply | Private Reply | To 18 | View Replies]

To: gunsequalfreedom

She likes girls.


47 posted on 03/30/2019 12:32:17 AM PDT by Boomer (Islam and the democrats are the biggest threats to the American way of life.)
[ Post Reply | Private Reply | To 46 | View Replies]

To: LeoWindhorse

#4. That’s why they renamed themselves “Hurts”.


48 posted on 03/30/2019 12:35:35 AM PDT by MadMax, the Grinning Reaper
[ Post Reply | Private Reply | To 4 | View Replies]

To: MadMax, the Grinning Reaper

leave it to a woman CEO to really screw things up


49 posted on 03/30/2019 12:49:11 AM PDT by LeoWindhorse
[ Post Reply | Private Reply | To 48 | View Replies]

To: higgmeister

Well said!


50 posted on 03/30/2019 1:10:02 AM PDT by Maudeen (JESUS . . .The United States of America's ONLY Hope)
[ Post Reply | Private Reply | To 19 | View Replies]

To: LeoWindhorse

I guess she really don’t know DICK about sporting goods and fire arms.


51 posted on 03/30/2019 1:22:29 AM PDT by MadMax, the Grinning Reaper
[ Post Reply | Private Reply | To 49 | View Replies]

To: PGR88

Get yourself a Remington 870 shotgun and 300 rounds of buckshot and 100 rounds of rifled slugs. Just put them away in a safe place. One day you might be very glad you did.


52 posted on 03/30/2019 1:35:49 AM PDT by Lockbar (What would Vlad The Impaler do?)
[ Post Reply | Private Reply | To 35 | View Replies]

To: Boomer

Ellen likes anything that starts with “P”:

https://www.youtube.com/watch?v=EAaKj07bmDk


53 posted on 03/30/2019 1:55:52 AM PDT by JohnnyP (Thinking is hard work (I stole that from Rush).)
[ Post Reply | Private Reply | To 47 | View Replies]

To: rktman

They lived up to their name DICK


54 posted on 03/30/2019 2:14:29 AM PDT by ronnie raygun (nic dip.com)
[ Post Reply | Private Reply | To 1 | View Replies]

To: HiTech RedNeck
Dick’s thought they were riding on the soccer mom market.

DKS views shooters and hunters as one-dimensional people. While not a soccer mom, I was a lacrosse dad a basketball dad and a soccer dad (Mrs. NY is not athletically inclined) I also play golf.

So, besides losing my hunting and shooting business, DKS has lost my golf and athletic wear business.

55 posted on 03/30/2019 2:29:13 AM PDT by NY.SS-Bar9 (Those that vote for a living outnumber those that work for one.)
[ Post Reply | Private Reply | To 10 | View Replies]

To: DesertRhino

I get that - I wouldn’t shop at a Dick’s either - it’s just that $150,000,000 million in sales with $7,300,000,000 last year, it is only down 2%. I have know idea what their profit margin is - but say 20%? So profits are down 0.4%???

Or - they may have jacked up their other prices to cover it?

In finding the information on Dicks it had the CEO talking and it was easier to hear than read. Something like “Thoughts and prayers really don’t do anything. So we decided to do something.”

So silly - as though them taking some of their weapons off the shelf is really going to accomplish anything with regards to folks going out and committing a crime.


56 posted on 03/30/2019 2:45:32 AM PDT by 21twelve (!)
[ Post Reply | Private Reply | To 44 | View Replies]

All sporting is psych connected and most pencil necks just don’t envision that being possible. They are educated to compartmentalize things and they are not all intertwined.


57 posted on 03/30/2019 2:59:59 AM PDT by USCG SimTech
[ Post Reply | Private Reply | To 10 | View Replies]

To: rktman
“The system does not work,” said Edward Stack, Dick’s CEO.

It apparently does! We quit buying from you for your stance on the 2nd Amendment! Yep! Works quite well!

58 posted on 03/30/2019 3:21:00 AM PDT by Road Warrior ‘04 (Boycott The NFL! Molon Labe! Oathkeeper)
[ Post Reply | Private Reply | To 1 | View Replies]

To: rktman

Get woke, go broke.


59 posted on 03/30/2019 3:27:24 AM PDT by Fzob
[ Post Reply | Private Reply | To 1 | View Replies]

To: Tammy8

Problem is close to what you have written. There are more facts to be discovered about mental illness and successful treatment and reversal is still a ways off. But to endanger society cuz we’re too lazy or busy or cheap or ignorant or unconcerned to solve the moral,legal,theological,medical, and philosophical problems associated is not a good strategy. We are reaping the effects of our (in)actions. Justified or not.


60 posted on 03/30/2019 3:27:51 AM PDT by Getready (Wisdom is more valuable than gold and diamonds, and harder to find.)
[ Post Reply | Private Reply | To 32 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-8081-93 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson