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Old November 28th, 2018, 05:45 PM #1
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Hunters dis Dick's Sporting Goods

https://www.wsj.com/articles/dicks-s...uns-1543430357

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Dick’s Sporting Goods Inc. DKS 2.56% is paying a price for its decision earlier this year to stop selling guns to people under 21 as sales continued to sag in its latest quarter.

Sales at existing stores and websites fell 3.9% for the three-month period ended Nov. 3., driven down by weakness in the company’s hunting and electronics departments, executives said on a conference call with analysts on Wednesday. Those categories accounted for over half of the decline. Weak gun sales also hit other areas like outdoor equipment because fewer hunters are coming to stores, said Lee Belitsky, chief financial officer at Dick’s. It was the chain’s fifth consecutive quarter of sales declines.
Dick-in Chief CEO Stack comes from the customer is always wrong department.
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Old November 28th, 2018, 05:51 PM #2
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They probably blame online vendors like Amazon for their problems rather than face the question of it being their own anti-consumer policies.
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Old November 28th, 2018, 06:12 PM #3
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Investors don't like negative numbers.
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Old November 28th, 2018, 06:17 PM #4
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They are what they eat , by the bag loads .
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Old November 28th, 2018, 06:25 PM #5
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Im guess anti-fa isn't really supporters.

Masks have a small profit margin.
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Old November 28th, 2018, 06:26 PM #6
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They’re running a pilot program now where they pulled almost all hunting related product out of 10 of their 732 stores. I’m guessing that they’re destined to be out of the firearms and hunting products market entirely before too long.
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Old November 28th, 2018, 06:37 PM #7
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Quote:
Originally Posted by Uncle Duke View Post
They’re running a pilot program now where they pulled almost all hunting related product out of 10 of their 732 stores. I’m guessing that they’re destined to be out of the firearms and hunting products market entirely before too long.
Yes, they are trying the "sell the same products as everyone else only at a higher price and piss of our customers while we are at it" business model.
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Old November 28th, 2018, 07:18 PM #8
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Dropping outdoor sports will make them nothing more than the basic Walmart. Then the speed they circle the drain will increase.
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Old November 28th, 2018, 07:22 PM #9
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https://www.washingtonexaminer.com/b...as-sales-slide
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Old November 28th, 2018, 07:25 PM #10
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Any company who destroys inventory instead of selling it deserves to fail. Wonder where CEO Edward Stack went to business school?

I haven't been in one of their stores since the anti-gun dust up. Yesterday I wanted to buy 4 Leatherman tools for Christmas gifts, could have easily went to their store and bought them but decided to go the Amazon route instead. And I didn't even have to leave the house.
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