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Dick’s Sporting Goods shares tumble on dismal holiday sales
CNBC ^ | 3/13/2018 | Lauren Thomas

Posted on 03/13/2018 6:54:52 AM PDT by Obadiah

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To: Obadiah

See what Dick did. Don’t be a Dick!


41 posted on 03/13/2018 7:52:10 AM PDT by winner3000
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To: wastoute

I think walmart also raised there age to buy rifles to.


42 posted on 03/13/2018 7:54:53 AM PDT by US_MilitaryRules (I'm not tired of Winning yet! Please, continue on!)
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To: Obadiah

Their stock price is down because they lost AR-15 and 18-21 guns sales to other companies who still carry and sell them, because they are NOT Dicks!


43 posted on 03/13/2018 7:55:17 AM PDT by 2harddrive
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To: Obadiah

Dick’s other trick (pun!) was to locate stores near malls. In some cases they were attached to malls but more often they were on outlots.

As we all know, malls are cratering along with any businesses unfortunate enough to be near them.


44 posted on 03/13/2018 7:56:13 AM PDT by relictele
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To: DouglasKC

I guess they just want democrats for customers.


45 posted on 03/13/2018 8:03:28 AM PDT by Bonemaker (invictus maneo)
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To: Bringbackthedraft

Yes.


46 posted on 03/13/2018 8:04:11 AM PDT by Bonemaker (invictus maneo)
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To: nomorelurker
About 3 years ago I bought a 243 Savage bolt rifle from them (they had the best price strangely enough), the sales clerk was clueless about FFL matters,

This is not about Dick's, but the now-defunct Gander Mountain:

About eight years ago I bought a pistol from Gander and it took about 45 minutes to process the paperwork. About four years ago, at Christmastime, they had a sale on Mosin Nagants and my wife and I went there to get one for our son. It took the employee at Gander almost two hours to complete the paperwork as Gander had instituted their own paperwork that mirrored the federal stuff but had to be done separately. Then I had to wait for a store manager to review all the paperwork. My wife was not happy but she did get to peruse the rest of the store in detail.

We never went back to any Gander and they are now gone.

47 posted on 03/13/2018 8:07:51 AM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: Obadiah

Businesses who pick a (wrong) side of an issue, suffer the consequences!


48 posted on 03/13/2018 8:14:38 AM PDT by Road Warrior ‘04 (Molon Labe! (Oathkeeper))
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To: Bringbackthedraft
I heard Cabela’s was now owned by Bass Pro?

Yes, they are.

Several years ago Cabela's made the mistake of going public and about 25% of their stock was bought up by New York investment firms who then started to dictate sales and operations. That was when Cabela's started going downhill.

When things tanked enough Bass Pro made an offer to buy out Cabela's and take them private. They then reassured the loyal customers they would not gut Cabela's and would put them on the correct path back to what they were before and so far it has worked.

I am a big fan of Cabela's, more so than Bass Pro, and am really happy to see changes for the better. When my wife and I are on trips and see Bass Pro stores we almost always stop in and try to get something there as a thank you.

49 posted on 03/13/2018 8:15:42 AM PDT by OldMissileer (Atlas, Titan, Minuteman, PK. Winners of the Cold War)
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To: US_MilitaryRules

Yeah, WalMart also raised the age as well, but WalMart has been going left for awhile now, and they are pretty insulated because they also sell soap, bananas, motor oil, etc.


50 posted on 03/13/2018 8:22:44 AM PDT by Obadiah
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To: US_MilitaryRules

Better ammo prices at WalMart.


51 posted on 03/13/2018 8:26:06 AM PDT by wastoute (Government cannot redistribute wealth. Government can only redistribute poverty.)
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To: Obadiah

Virtue signaling is a bad marketing ploy.


52 posted on 03/13/2018 8:36:11 AM PDT by Georgia Girl 2 (The only purpose of a pistol is to fight your way back to the rifle you should never have dropped)
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To: OldMissileer

Speaking of Gander Mountain, I recently checked out the website for the new “Gander Outdoors” and was surprised that they actually had firearms. Looking closer at the rifles - bolt-action and lever-action only. Pfft.


53 posted on 03/13/2018 8:49:10 AM PDT by Charles Martel (Progressives are the crab grass in the lawn of life.)
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To: Obadiah

There is no money in retailing guns. to be competitive you might get a 10%-15% mark up. Most Mom and Pop dealers make their big money on trade ins and estates. Dicks makes their money on clothing. About 50% or more mark up on clothes. They probably couldn’t care less if they sell guns. The gun counter is just to keep hubby happy while the ladies peruse the nike yoga pants.


54 posted on 03/13/2018 9:00:13 AM PDT by BobinIL
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Ho hum....maybe they need to go to gender fluid bathrooms also....


55 posted on 03/13/2018 9:11:35 AM PDT by TnTnTn
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To: Obadiah
(Reuters) - Dick's Sporting Goods Inc (DKS.N), the U.S. retailer who raised the minimum age to purchase firearms following the massacre at a Florida high school, said on Tuesday it expected the impact from the changes to linger throughout 2018.

The company's shares were down nearly 5 percent at $31.

"The announcement we made 2 weeks ago regarding our firearms policy is not going to be positive from a traffic standpoint and a sales standpoint," Chief Executive Officer Edward Stack said on a post-earnings call with analysts.

https://finance.yahoo.com/m/beed3dbe-3a13-3ea1-b7f3-3da3dace1440/ss_dick's-sporting-goods-stock.html

56 posted on 03/13/2018 9:19:51 AM PDT by ealgeone
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To: SkyDancer
Ditto that..........

I can buy what I want at GUNBROKER.COM...or AUCTIONARMS.COM....

Have not bot a gun from a big retailer ever. Haven't stepped into one...in years.

57 posted on 03/13/2018 9:31:22 AM PDT by Osage Orange (Whiskey Tango Foxtrot)
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To: Obadiah

My immediate reaction to the headline: HAHAHAHAHAHAHA!!!!


58 posted on 03/13/2018 9:35:12 AM PDT by arthurus (hju)
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To: ealgeone

There you go. Good find!

Well, I’ll give Mr. Stack this, his virtue signaling is more real than most. This is going to cost him. Wouldn’t be surprised to see Mr. Stack get ousted as CEO as Dick’s starts circling the drain.


59 posted on 03/13/2018 9:46:02 AM PDT by Obadiah (Delta one, I'm bingo on political correctness. Do you copy?)
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To: Obadiah

Sports authority quit selling guns.
I never went back in.
Dick’s? Time to Dixie Chick Dicks.
I use my spending in places i admire.
Guess that leaves out Dick’s.


60 posted on 03/13/2018 9:54:49 AM PDT by Joe Boucher (President Trump makes obammy look like the punk he is.)
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