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| Economy |
| Dick's Sporting Goods Lost $150 Million as Direct Result of AR-15 Ban |
| 2019-04-05 |
| [Guns America.com] Dick’s Sporting Goods lost $150 million in sales as a result of the company’s anti-gun policies, according to a new report from Bloomberg. The loss amounted to 1.7 percent of the company’s overall revenue and has spurred the company to consider dropping hunting-related items entirely. But Edward Stack, the company’s CEO and Virtue-Signaler-in-Chief, said the move was worth it. "The system does not work," Stack said. "It’s important that when you know there’s something that’s not working, and it’s to the detriment of the public, you have to stand up." Stack vowed in the wake of the Parkland massacre to stop selling "assault rifles" and "high-capacity" magazines in its Field & Stream stores, and to halt all gun sales to anyone under the age of 21. The move prompted backlash in the gun rights community, and some gun companies like Springfield and Mossberg cut ties with the sporting goods chain. |
| Posted by:Besoeker |
| #10 Not a business major, but a tad less than 2% of sales doesn't seem like a huge drop. In the most robust recoveries in a long time, when most other business are thriving, to take any step backward says something. |
| Posted by: Procopius2k 2019-04-05 21:12 |
| #9 Clearly Dick has gone flaccid. |
| Posted by: Woodrow 2019-04-05 19:55 |
| #8 Not a huge gun buyer at Dicks before, but since this, I won't buy a damn thing from these SJW tools |
| Posted by: Frank G 2019-04-05 18:41 |
| #7 Maybe their business plan is to dominate the blue urban outdoors market niche, where Cabalas/Bass Pro Shops is not around. |
| Posted by: Glenmore 2019-04-05 18:40 |
| #6 Not a business major, but a tad less than 2% of sales doesn't seem like a huge drop. Be interesting to see the numbers over time. |
| Posted by: SteveS 2019-04-05 14:31 |
| #5 I felt an overwhelming need to pontificate That's why we put you on a pedestal, TW. |
| Posted by: Skidmark 2019-04-05 14:24 |
| #4 They decided to become more focussed on their target market, which is only half of those who buy the products they sell. Someone else has, no doubt, already picked up the slack, not just in guns and ammunition, but all the other hunting, camping, and exercise and sports supplies Dick’s sells. The particular genius of capitalism is that it is forever weeding out businesses that less well deliver given products or services than the competition, no matter how illustrious the name over the door. Not that y’all don’t know that, but I felt an overwhelming need to pontificate. |
| Posted by: trailing wife 2019-04-05 12:37 |
| #3 They are living up to their stores name. I wish them bankruptcy |
| Posted by: Airandee 2019-04-05 12:22 |
| #2 Well, they have adopted a SJW corporate mission. Cracking down on eeeeeevil capitalist profit oriented yuckiness is the next step... |
| Posted by: M. Murcek 2019-04-05 11:18 |
| #1 So much for fiduciary responsibilities to the stockholder. |
| Posted by: Procopius2k 2019-04-05 09:12 |