cybermgk Posted December 3, 2018 at 01:46 PM Share Posted December 3, 2018 at 01:46 PM https://www.dailywire.com/news/38935/dicks-sporting-goods-warns-investors-our-decision-emily-zanotti Dick's Sporting Goods is warning investors that its decision to remove certain "assault-style" weapons from its Field & Stream stores cost it dearly and may limit its future gains.The sporting goods retailer was forced to confront angry shareholders late last week after its stocks tanked more than 4.5% and financial conglomerate J.P. Morgan Chase downgraded Dick's shares, saying the company was "overweight." "Gross margin-driven upside appears less probable given 3Q's performance, changing comparisons, and rising inventory levels," an analyst for J.P. Morgan told CNBC. The same analyst noted that same-store sales for Dick's outlets are expected to grow less than 1% even as the company's inventory rises. The analyst pointed out that Dick's same-store sales growth for 2019 is expected to be less than 1 percent after averaging 2.1 percent between 2011 and 2015. He also noted that while the company's 25 percent Black Friday store discount will help boost sales, it will not boost margins," the analyst continued. "Inventory levels, meanwhile, rose 1 percent in the third quarter after falling 5 percent in the first half of 2018 with inventory days estimated to return back to 2015-2017 levels." Dick's says it can trace the downturn not just to an overall retail downturn, but also directly to its decision to take action on "gun control," banning the sales of "assault-style" rifles at its Field & Stream affiliated retailer and discontinuing any gun sales to people under the age of 21. Speaking to USA Today, Lee Bolitsky, Dick's chief financial officer, called out the company's gun sales plan directly, but also pointed out that gun sales are down across the board — not just at Field & Stream (largely the result of the Trump administration, which is not the kind of pointed threat to gun rights its predecessor was). "In addition to the strategic decisions we made regarding firearms earlier this year, the broader industry has decelerated and remains weak as evidenced by most recent national background check data,'' Bolitsky told investors. "We believe this also contributed to the decline.'' But while Bolitsky didn't come out and say it directly, it seems that Dick's' decision to cut down on its gun sales had an impact in other areas of its business. Gun owners and pro-gun consumers may not be ale to buy their guns from Dick's any longer, but they also seem to have made the conscious decision not to trust Dick's as an outfitter for any of their other needs — particularly their hunting needs. Dick's has seen a decline in sales of its hunting gear overall — such a decline that they're considering removing hunting and outdoors equipment from all of their stores in order to boost their bottom line and cull some of their excess inventory. "Months after Dick's Sporting Goods made the move to stop selling assault-style rifles, the company is now considering removing all hunting gear," a Texas ABC affiliate reported on Friday. "Dick's CEO Edward Stack revealed during a conference call that they removed all hunting gear from 10 stores as a test run." Those stores — including stores in Texas — will replace the hunting gear with more "traditional sporting goods," like "baseball, licensed products, and outerwear." Link to comment Share on other sites More sharing options...
spec4 Posted December 3, 2018 at 01:50 PM Share Posted December 3, 2018 at 01:50 PM Beginning of the end? Link to comment Share on other sites More sharing options...
Jeffrey Posted December 3, 2018 at 02:23 PM Share Posted December 3, 2018 at 02:23 PM Link to comment Share on other sites More sharing options...
Bitter Clinger Posted December 3, 2018 at 02:57 PM Share Posted December 3, 2018 at 02:57 PM Can't say I feel bad for them. Maybe they'll serve as an example to others. Link to comment Share on other sites More sharing options...
framos242 Posted December 3, 2018 at 03:18 PM Share Posted December 3, 2018 at 03:18 PM Let me wipe off my tears and oh wait... No tears for Dick's... Link to comment Share on other sites More sharing options...
Rangerdeepv Posted December 3, 2018 at 05:34 PM Share Posted December 3, 2018 at 05:34 PM I will not miss them if they go belly up!They did not even have any decent fishing stuff........................... Link to comment Share on other sites More sharing options...
luckydawg13 Posted December 3, 2018 at 06:11 PM Share Posted December 3, 2018 at 06:11 PM Well i for one like to have options of were i buy Ammo and firearms BUT they need to change there way for me to go back in there store for anything Link to comment Share on other sites More sharing options...
C0untZer0 Posted December 3, 2018 at 07:17 PM Share Posted December 3, 2018 at 07:17 PM The first time Dicks caved to the hysterical anti-gun maniacs was the last time I ever stepped foot in one of their stores. Getting rid of all of their hunting and outdoor gear is logical since so many people stopped buying any of their hunting or outdoor gear from Dicks, but it won't save the company. Link to comment Share on other sites More sharing options...
Nanook Posted December 3, 2018 at 08:36 PM Share Posted December 3, 2018 at 08:36 PM Appropriate name for company. Last time we bought anything from them was the 2010 Stanley Cup Blackhawks memorabilia. Haven't darkened their doors since then. Their prices aren't very good to begin with. Link to comment Share on other sites More sharing options...
Jeffrey Posted December 3, 2018 at 08:37 PM Share Posted December 3, 2018 at 08:37 PM #brokedicks Link to comment Share on other sites More sharing options...
G214me Posted December 3, 2018 at 11:26 PM Share Posted December 3, 2018 at 11:26 PM Looks like the freedom hating loons they wanted to impress aren't shopping there to say "Thank You". Link to comment Share on other sites More sharing options...
Flynn Posted December 4, 2018 at 12:05 AM Share Posted December 4, 2018 at 12:05 AM Looks like the freedom hating loons they wanted to impress aren't shopping there to say "Thank You". Maybe they should build out 'safe places' with coffee and free wifi. Link to comment Share on other sites More sharing options...
Euler Posted December 4, 2018 at 12:43 AM Share Posted December 4, 2018 at 12:43 AM ... "Months after Dick's Sporting Goods made the move to stop selling assault-style rifles, the company is now considering removing all hunting gear," a Texas ABC affiliate reported on Friday. "Dick's CEO Edward Stack revealed during a conference call that they removed all hunting gear from 10 stores as a test run." Those stores — including stores in Texas — will replace the hunting gear with more "traditional sporting goods," like "baseball, licensed products, and outerwear." So it didn't work before, so just go farther. And that's going to bring in new customers ... how? Link to comment Share on other sites More sharing options...
BobPistol Posted December 4, 2018 at 12:49 AM Share Posted December 4, 2018 at 12:49 AM Tiny violins for sale, get your tiny violins here. Link to comment Share on other sites More sharing options...
ScopeEye Posted December 4, 2018 at 01:10 AM Share Posted December 4, 2018 at 01:10 AM Good By DicksSeeeee, Ya... Link to comment Share on other sites More sharing options...
lilguy Posted December 4, 2018 at 01:41 AM Share Posted December 4, 2018 at 01:41 AM They bought Galyan's years back and ruined the stores. Bought shoes once, never went back. Link to comment Share on other sites More sharing options...
JTHunter Posted December 4, 2018 at 03:44 AM Share Posted December 4, 2018 at 03:44 AM · Hidden by Lou, December 4, 2018 at 03:59 AM - No reason given Hidden by Lou, December 4, 2018 at 03:59 AM - No reason given Just out of perverse curiosity, what would be a good nickname for the upper management of Dick's? "Dick's heads"?? Link to comment
spec5 Posted December 4, 2018 at 04:23 AM Share Posted December 4, 2018 at 04:23 AM so sad! 😰😥😪🎻🎻🎻🎻 I never use Get Woke because of its origin. Just saying. It just has a bad connotation for me as it is mostly being used now by Progressives/Liberals. I am not in anyway suggesting anyone shouldn't use it or about it's use here. Just my feelings only. Origin... The Black Lives Matter movement is responsible for the widespread use of the word woke.Woke is a political term of African American origin that refers to a perceived awareness of issues concerning social justice and racial justice.[1] It is derived from the African American Vernacular English expression "stay woke", whose grammatical aspect refers to a continuing awareness of these issues. Its widespread use since 2014 is a result of the Black Lives Matter movement.[1][2] Link to comment Share on other sites More sharing options...
Colt guy Posted December 4, 2018 at 06:34 AM Share Posted December 4, 2018 at 06:34 AM so sad! I never use Get Woke because of its origin. Just saying. It just has a bad connotation for me as it is mostly being used now by Progressives/Liberals. I am not in anyway suggesting anyone shouldn't use it or about it's use here. Just my feelings only. Origin...The Black Lives Matter movement is responsible for the widespread use of the word woke.Woke is a political term of African American origin that refers to a perceived awareness of issues concerning social justice and racial justice.[1] It is derived from the African American Vernacular English expression "stay woke", whose grammatical aspect refers to a continuing awareness of these issues. Its widespread use since 2014 is a result of the Black Lives Matter movement.[1][2]Thanks. I was thinking this was some idiotic oprah crap. Similar to being “authentic” . Link to comment Share on other sites More sharing options...
TRJ Posted December 4, 2018 at 10:37 AM Share Posted December 4, 2018 at 10:37 AM so sad! I never use Get Woke because of its origin. Just saying. It just has a bad connotation for me as it is mostly being used now by Progressives/Liberals. I am not in anyway suggesting anyone shouldn't use it or about it's use here. Just my feelings only. Origin...The Black Lives Matter movement is responsible for the widespread use of the word woke.Woke is a political term of African American origin that refers to a perceived awareness of issues concerning social justice and racial justice.[1] It is derived from the African American Vernacular English expression "stay woke", whose grammatical aspect refers to a continuing awareness of these issues. Its widespread use since 2014 is a result of the Black Lives Matter movement.[1][2]So use of the word means one could be accused of cultural appropriation...a term that conflicts directly with actual American culture of being a "melting pot". Link to comment Share on other sites More sharing options...
Kingcreek Posted December 4, 2018 at 03:34 PM Share Posted December 4, 2018 at 03:34 PM Gee, too bad for Dicks. I won't buy guns, ammo, swim trunks, bicycle gear, or athletic shoes there because of their gun policy virtue signaling. And just maybe, I'm not the only one. F them. Link to comment Share on other sites More sharing options...
vito Posted December 4, 2018 at 04:19 PM Share Posted December 4, 2018 at 04:19 PM I see this news as a two part positive. First, to see this chain of retail stores hurting after taking an anti-2nd Amendment stance warms my heart that many good Americans are voting with their dollars. Second, as stores like Dick's move out of the gun and ammo business, the small local gun stores have the opportunity to pick up the slack. And anything that helps the local stores stay financially viable is a very good thing in my opinion. The last three handguns that I have bought were at local small, Mom-and-Pop type gun stores. I paid a tad more than I might have had I bought online, but so be it. And if Dick's totally goes out of business, it won't bother me at all. Link to comment Share on other sites More sharing options...
gangrel Posted December 4, 2018 at 04:27 PM Share Posted December 4, 2018 at 04:27 PM The use of the term "get woke", in a sarcastic and taunting tone, is completely appropriate. Read the thread title again. It is not instructing us to get woke about Dick's going broke. It is stating that Dick's management made a conscious decision to get woke (by the definition you provided above) and is now as a result going broke. Link to comment Share on other sites More sharing options...
cybermgk Posted December 4, 2018 at 05:14 PM Author Share Posted December 4, 2018 at 05:14 PM The use of the term "get woke", in a sarcastic and taunting tone, is completely appropriate. Read the thread title again. It is not instructing us to get woke about Dick's going broke. It is stating that Dick's management made a conscious decision to get woke (by the definition you provided above) and is now as a result going broke.Exactly, It's used in the Sarcastic, throw it back in their faces standpoint. Link to comment Share on other sites More sharing options...
WPxx Posted December 4, 2018 at 05:30 PM Share Posted December 4, 2018 at 05:30 PM Had an issue with them right after they took over Galyan's. Never went back but might go to their liquidation sale. Link to comment Share on other sites More sharing options...
soylentgreen Posted December 4, 2018 at 05:45 PM Share Posted December 4, 2018 at 05:45 PM Making your customers angry is not a good business plan.The last time I was in Dick's in Schaumburg, they didn't even have any handguns or ammo. I didn't see any ARs either. This was at least two years ago. I never had any reason to go back. The place is a shell of what it was when it was Galyan's. Link to comment Share on other sites More sharing options...
ChicagoRonin70 Posted December 5, 2018 at 12:39 AM Share Posted December 5, 2018 at 12:39 AM What happened to Dick's is known as "shoe-browning." It's when someone does something so stupid, they essentially bend over, spread 'em, and someone kicks them square in their exposed brains. Link to comment Share on other sites More sharing options...
TomKoz Posted December 5, 2018 at 03:30 AM Share Posted December 5, 2018 at 03:30 AM Link to comment Share on other sites More sharing options...
Bird76Mojo Posted December 5, 2018 at 08:23 AM Share Posted December 5, 2018 at 08:23 AM Link to comment Share on other sites More sharing options...
Ranger Posted December 6, 2018 at 04:36 PM Share Posted December 6, 2018 at 04:36 PM Used to buy a few things there; but not much. Nothing since they pulled the stunt with the ARs. Still kicking myself though for not buying a Sage spin travel kit for like $120 on clearance at the Field and Stream in Champaign quite a while (a year or two) back. I thought about a long time in the store and even picked it up. I wanted a slightly longer one so I didn't go ahead and buy it; but then I almost turned around on my way home. Checked on my next trip and it was gone. I have a Sage fly fishing rod with Ross reel that cost several times that. I don't take time to fish or do much fun stuff any more; but I do wish I had purchased that kit. Link to comment Share on other sites More sharing options...
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