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Dick’s Says Under Armour, New Gun-Sales Policy Dragged on Results
The Wall Street Journal ^ | August 29, 2018 | Allison Prang

Posted on 08/30/2018 2:15:50 AM PDT by abb

Dick’s Sporting Goods Inc. DKS -2.17% said weaker sales of Under Armour Inc. apparel and a decision to pull back from the hunting business dragged on the retailer’s latest quarterly results.

Comparable-store sales fell 4%, Dick’s said. Not adjusting for the 53rd week last year, the company’s same-store sales declined 1.9%.

Dick’s said part of the company’s sales problems were a result of Under Armour’s decision to sell in more stores including Kohl’s. Under Armour declined to comment.

Also hurting sales was Dick’s decision to tighten its policy on gun sales after 17 people were killed in a February shooting at a Parkland, Fla., high school. The retailer halted sales of any firearms to people under age 21 at all of its 845 Dick’s and Field & Stream stores and stopped selling assault-style weapons at Field & Stream.

Under Armour’s results accounted for three percentage points of declining sales at Dick’s, while weakness in the hunting and electronics categories contributed two percentage points of decline. When excluding Under Armour and the hunting and electronics business, comparable-store sales fell 1%.

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


TOPICS: Business/Economy; Culture/Society; Extended News; News/Current Events
KEYWORDS: banglist; dicks; guns; retail; sales
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Bang!
1 posted on 08/30/2018 2:15:50 AM PDT by abb
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To: abb

Funny, its always said that corporations only care about money but here we have company after company throwing itself on the sword for the sake of virtue signaling and pleasing a few sjws on Twitter and they won’t stop after seeing what happens to other companies for some reason.


2 posted on 08/30/2018 2:19:31 AM PDT by jarwulf
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To: abb

As Glenn Reynolds likes to say “Get work, go broke”.


3 posted on 08/30/2018 2:32:21 AM PDT by jalisco555 ("In a Time of Universal Deceit Telling the Truth Is a Revolutionary Act" - George Orwell)
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To: jarwulf

Hurray! I refuse to pay for overpriced Under Armor


4 posted on 08/30/2018 2:32:42 AM PDT by ChiMark (America America)
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To: jarwulf

I haven’t been in a Dicks store in several years and have no intention to go in one in the future, ever....


5 posted on 08/30/2018 2:33:38 AM PDT by snoringbear (W,E.oGovernment is the Pimp,)
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To: abb

I buy my guns in local shops. BECAUSE THEYRE NOT DICKS.


6 posted on 08/30/2018 2:50:12 AM PDT by Vaquero (Don't pick a fight with an old guy. If he is too old to fight, he'll just kill you.)
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To: jarwulf

Well, willing to lose some for a “righteous” cause is okay I guess. You know, back in the 1950s kids did target practice with rifles and arrows and mass murder in school hardly ever happened. Wonder why?


7 posted on 08/30/2018 3:18:13 AM PDT by Morpheus2009
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To: abb

First of all, why does Under Armour spell it the British way with the superfluous U?

Second of all Kevin Plank wants to be the Phil Knight of Maryland. Fail.

Third of all DJ Durkin just basically murdered an offensive lineman at UMD.

Eff Under Armour and Eff Dick’s. Drove by one once. Looked like a dirty Sears.


8 posted on 08/30/2018 3:23:55 AM PDT by mindburglar (I like spelling it Lazers. It looks cooler.)
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To: abb

No job going liberal D’s!


9 posted on 08/30/2018 3:24:11 AM PDT by SaveFerris (Luke 17:28 ... as it was in the days of Lot; they did eat, they drank, they bought, they sold ......)
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To: abb
Ed Stack is the CEO. This explains a lot...

In the national spotlight: Ed Stack's roots are in Binghamton

Binghamton, NY. Home to a large part of the state educational industrial complex and not much else anymore...

10 posted on 08/30/2018 3:33:34 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: mewzilla

And, IIRC, Stack recently bought a $12 million dollar mansion in FL. Interesting choice, eh?


11 posted on 08/30/2018 3:34:52 AM PDT by mewzilla (Has the FBI been spying on members of Congress?)
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To: abb

“a decision to pull back from the hunting business dragged on the retailer’s latest quarterly results”

https://www.alloutdoor.com/2018/04/16/dicks-sporting-goods-ar15/ . . .
https://www.gunsamerica.com/digest/dicks-destroy-ar-15s-shelves/ . . .
http://dailycaller.com/2018/04/16/dicks-sporting-goods-will-destroy-ar15s/ . . .
https://nypost.com/2018/04/16/dicks-will-destroy-assault-style-guns-it-yanked-off-shelves/ . . .

I could go on through almost half a million articles. It’s not the “new gun policy” that is destroying Dick’s. Products, even firearms, are sent back to the manufacturer all the time. Deciding to devote that shelf space to other products would have been fine, but destroying inventory as a public statement? It’s that anti-American decision to create a media circus by destroying all of the modern sporting rifles on their shelves that caused the problem. Dick’s is dead to me and to all decent people. Good riddance.


12 posted on 08/30/2018 4:01:18 AM PDT by Pollster1 ("Governments derive their just powers from the consent of the governed")
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To: abb

Looking forward to seeing their going out of business signs one day.


13 posted on 08/30/2018 4:03:45 AM PDT by Bryanw92 (Asking a pro athlete for political advice is like asking a cavalry horse for tactical advice)
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To: abb

14 posted on 08/30/2018 4:07:10 AM PDT by Bonemaker (invictus maneo)
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To: abb

Stopped shopping there when they announced their new gun sales policy


15 posted on 08/30/2018 4:13:02 AM PDT by stockpirate (TYRANNY IS THY NAME REBELLION IS OUR ANSWER. HANG THEM ALL!)
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To: abb

I refuse to shop there anymore. Hope they go backrupt.


16 posted on 08/30/2018 4:21:21 AM PDT by ZULU (MAGA)
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To: abb

Dick’s got schlonged by their own anti-gun policy.


17 posted on 08/30/2018 4:23:15 AM PDT by King Moonracer (Bad lighting and cheap fabric, that's how you sell clothing.)
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To: abb

I stopped shopping there because their name is, like, totally toxic masculinity! Like, duh?! /s


18 posted on 08/30/2018 4:24:14 AM PDT by outofsalt (If history teaches us anything, it's that history rarely teaches us anything.)
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To: abb

There’s also a hunter boycott of Under Armour because UA dropped sponsorship of a hunter whose husband filmed himself spearing a bear. So poor old Dick’s (NOT) is getting a twofer. UA is selling in other stores, & hunters aren’t buying.


19 posted on 08/30/2018 4:26:01 AM PDT by Qiviut (Obama's Legacy in two words: DONALD TRUMP!)
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To: mindburglar

Nder Armour? That doesn’t look right.


20 posted on 08/30/2018 4:30:00 AM PDT by HartleyMBaldwin
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