Skip to comments.Dick’s Sporting Goods Sales Sink After New Gun Policy
Posted on 03/23/2018 7:30:16 AM PDT by Behind Liberal Lines
Dicks Sporting Goods has suffered a surprisingly steep downturn in sales since promising to sell fewer guns, but the problem isnt the gun sales, Fortune says.
Stock tumbled to the lowest in four months after the sports store banned assault-style weapons from its Field & Stream stores and raised the minimum age for a customer to buy a firearm from 18 to 21....
Theres going to be some pushback and we expected that, said CEO Edward Stack, in an earnings call with Wall Street analysts, according to CNN. There are going to be the people who dont shop us anymore for anything.
The decision is not going to be positive from a traffic standpoint and a sales standpoint, Stack predicted.
The companys shares fell 7.3 percent after going up 13 percent this year. Sales failed to hit the projected $2.74 billion, tapering off at $2.66 billion for this quarter.
(Excerpt) Read more at nationalreview.com ...
No Toys R Them...
Dick’s sales are flaccid?
Dick’s has always featured overpriced goods available for less at competing stores.
They literally shot themselves in the foot...
>>Theres going to be some pushback and we expected that
Its not pushback. We genuinely dont need your company to exist anymore.
Okay. That's the downside. And what, exactly, is the Upside??
Yet another foolish retailer who equates loud (and broke) with numerous (with money).
Sounds like an admission they knew the decision would hurt shareholder value. Where are the lawyers with a shareholder derivative lawsuit?!
Maybe CNN’s Parkland School “Survivor” Kiddies will go there and buy a $3000.00 “kayak or a $120.00 water bottle. With all the money they’ve received since the school shooting, they should be able to shop at Dicks (sic) now.
Like ESPN and NFL, Dick's is dead to me.
I make it a point not to do business with firms that flaunt or act on their left-wing proclivities, which tends to show that their management isn’t all that bright.
See Dick sell goods. See Dick get political. See Dick sales plummet. Don’t be a Dick.
Yes. But they had to buy the gun at Cabela’s...
Over half their floor space is just overpriced clothing. I would hope that any outdoors person goes somewhere else for their fishing tackle, hunting products, ammo, camping goods, and other real sports items.
Why on earth would a business WANT to cause a downward spiral of sales? A business does EVERYTHING to INCREASE sales! Goes to prove that liberalism is a disease or at the very least insanity.
LOL!! The stupid is strong with Dick’s!!
They Dicked Themselves.
It’s a good start.
Gosh. It turns out that gun grabbing snowflakes dont buy nearly as much as their former customers. Whodda think it?
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.