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Dick’s shares fall 24% as retailer slashes outlook over theft concerns
CNBC ^

Posted on 08/22/2023 7:55:03 AM PDT by MNDude

Dick’s Sporting Goods reported a profit drop and cut its earnings outlook for the year after seeing an uptick in retail theft and slow sales in its outdoor category. It’s the first reference the athletic goods retailer has made to shrink in a press release in nearly 20 years. In a rare miss, Dick’s also fell short of Wall Street’s estimates on both the top and bottom lines.

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


TOPICS: News/Current Events
KEYWORDS: banglist; bankruptcy; bidenlegacy; dicks; news; secondamendment
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1 posted on 08/22/2023 7:55:03 AM PDT by MNDude
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To: MNDude

No sympathy since they stopped selling firearms years ago.


2 posted on 08/22/2023 7:56:24 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: MNDude

Dick’s shrinks.


3 posted on 08/22/2023 7:56:26 AM PDT by nwrep
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To: Magnum44

Not only did they stop selling firearms they made a big show out of defecating on the Second Amendment. Bankruptcy is too good for them.


4 posted on 08/22/2023 7:57:11 AM PDT by Behind Liberal Lines
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To: nwrep

5 posted on 08/22/2023 7:57:56 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: MNDude

Dicks is crap. Closed the local Field and Stream store and put in rock climbing wall and batting cages. I have no use for them any more.


6 posted on 08/22/2023 7:59:53 AM PDT by BobinIL
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To: Magnum44

Hear, hear. My exact thought. If they choose to not sell something in order to virtue signal — go to ‘Ell.


7 posted on 08/22/2023 8:00:53 AM PDT by bobbo666 (Baizuo)
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To: Magnum44
No sympathy since they stopped selling firearms years ago.

Dick's never stopped selling firearms. They decided to virtue-whine against "evil AR-15s" a few years back because they couldn't compete in the market. Instead of manning up and admitting they couldn't compete, the filthy hypocrites decided to vilify them and their owners.

If you go on their website right now, you'll see the banner "Firearms Available In-Store Only".

8 posted on 08/22/2023 8:00:56 AM PDT by T.B. Yoits
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To: Magnum44

When they dropped the guns, I dropped them.

I shop at Cabelas ... ‘cause they aren’t Dicks.


9 posted on 08/22/2023 8:00:57 AM PDT by NorthMountain (... the right of the peopIe to keep and bear arms shall not be infringed)
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To: Magnum44

Never been a store so appropriately named


10 posted on 08/22/2023 8:03:37 AM PDT by 2nd Amendment
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To: MNDude

There is nothing at Dick’s that you cannot find on the internet cheaper ...


11 posted on 08/22/2023 8:04:30 AM PDT by dartuser
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To: MNDude

Fantastic. They expanded out here in Washington State with several big new stores. I was looking forward to their presence in this state. Then before they opened their doors they decided to become anti 2A.

Consequently, I have never stepped foot into any of the stores nor will I ever. Glad to hear their socialist justice policies are causing their demise. Goodbye to bad rubbish.


12 posted on 08/22/2023 8:04:36 AM PDT by bigfootbob (Arm Up and Live Free!)
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To: MNDude

I stopped buying anything from them once they stopped selling AR style rifles


13 posted on 08/22/2023 8:05:53 AM PDT by stockpirate (Where Justice Ends Tyranny Begins...Repression Breeds Violence")
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To: Magnum44

> No sympathy since they stopped selling firearms years ago. <

Yep. Dick’s always was kinda pricey. I’d shop there now and again anyway.
But I haven’t set foot in a Dick’s since they went woke about guns.

However, it is nice to see that shoplifters don’t hold a grudge, and will continue to visit the place.


14 posted on 08/22/2023 8:11:40 AM PDT by Leaning Right (The steal is real. )
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To: MNDude

I hope they go bankrupt.


15 posted on 08/22/2023 8:12:54 AM PDT by rod5591
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To: 2nd Amendment

One of their sister (daughter?) stores is called “Going, Going, Gone.”


16 posted on 08/22/2023 8:16:55 AM PDT by scrabblehack
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To: MNDude

How much have their revenues plummeted since they refused to sell firearms???


17 posted on 08/22/2023 8:19:36 AM PDT by ridesthemiles
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To: MNDude

Ironic that the last item I bought at Dick’s was a self defense shotgun before they declared war on the 2A. Haven’t darkened their door since and it has been years.


18 posted on 08/22/2023 8:23:39 AM PDT by Saltmeat (69)
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To: MNDude

Dick’s went woke.
Now they are going broke.


19 posted on 08/22/2023 8:24:45 AM PDT by tennmountainman (FUJB)
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To: MNDude

Aw gee, that’s a bummer.


20 posted on 08/22/2023 8:24:57 AM PDT by Allegra (Stop the Zeepers from Censoring FReepers)
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