Article

2019-03-13 Economy

Dick's Sporting Goods drops Sporting Goods - Slips 11% In Single Day

[USA Today] Dick's Sporting Goods announced Tuesday it will remove firearms from 125 of its stores, according to news reports. The move follows the company's ban on assault-style weapons last year in the wake of the Parkland shooting.

CEO Ed Stack said Tuesday that Dick's will pull hunting gear from 125 stores starting in around August in response to its slumping sales in those stores, Bloomberg reported, a move that may spread to more stores next year.

Dick's last year announced it would ban sales of assault-style weapons after the Parkland, Florida, school shooting and revelations that its shooter, Nikolas Cruz, had purchased a gun from a Dick's store. The company also halted sales of high-capacity magazines and guns to anyone under 21 years old.

Hunting products started vanishing from 10 Dick's stores last fall as the retailer swapped those items for products such as kayaks and baseball gear. Stack said the stores saw higher sales, margins and foot traffic than when they had guns, according to Bloomberg.

Halting assault-style weapon sales put a dent in overall sales for Dick's, the company noted last fall, a dip furthered by a weaker gun market. On Tuesday, the Pittsburgh-area company said net income for the quarter fell to $102.6 million from $116 million in the year-earlier period, per MarketWatch.

Posted by Besoeker 2019-03-13 00:08|| || Front Page|| [11130 views ] Top

#1 Dick's Sporting Goods Drops Sporting Goods

Soooo..basically they're just Dick's then?

Posted by Classer 2019-03-13 01:10|| 2019-03-13 01:10|| Front Page Top

#2 Dropping "Sporting Goods"? So its just "Dicks" now?

Truth in advertising.

What's next, new branding for their backpacks? Come and get a Bag of Dicks Here!

Posted by Vespasian Unairt7733 2019-03-13 01:12|| 2019-03-13 01:12|| Front Page Top

#3 Ye lads stole me thunder...........

Posted by Alaska Paul 2019-03-13 01:14|| 2019-03-13 01:14|| Front Page Top

#4 It would be interesting if they had the stats of guns sold by Dicks that actually were involved in a crime by the person who legally bought the gun from Dicks. I suspect it would be really low if greater than one.

Posted by Airandee 2019-03-13 06:20|| 2019-03-13 06:20|| Front Page Top

#5 Unlike their clothing merchandise the low prices of mail-order gun dealers was cutting their floorspace:margin cost ratio.

Posted by Skidmark 2019-03-13 09:34|| 2019-03-13 09:34|| Front Page Top

#6 And track equipment celebrates the slaughter of Persians.

Kayaks huh. They do know that 2018 was the deadliest year on record for drowning in the Great Lakes, drowning is in the top 5 causes of death for children, and water sports in general are racist.

Posted by swksvolFF 2019-03-13 11:15|| 2019-03-13 11:15|| Front Page Top

#7 And track equipment celebrates the slaughter of Persians.

/me reminds self to stock up on javelins

Posted by SteveS 2019-03-13 11:19|| 2019-03-13 11:19|| Front Page Top

#8 One more step to bankruptcy

Posted by DarthVader 2019-03-13 14:21|| 2019-03-13 14:21|| Front Page Top

14:28 Melancholic
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