Dick’s Sporting Goods reports $150 million in lost sales after halting assault-weapons sales
Fox News,
by
Robert Gearty
Original Article
Posted By: DVC,
3/30/2019 5:54:18 PM
Dick’s Sporting Goods’ bottom line took a very big hit after halting the sale of assault-style weapons in response to the Parkland school massacre. The policy change cost the nation’s largest sporting goods retailer about $150 million in lost sales, about 1.7 percent of annual revenue, Bloomberg News reported Friday. But boss Ed Stack isn’t complaining. “The system does not work,” Stack said, according to the news outlet. “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.” Parkland gunman Nikolas Cruz purchased a shotgun from
Reply 1 - Posted by:
HPmatt 3/30/2019 6:07:57 PM (No. 18253)
Was Dick´s selling guns to criminals & mass-murderers? If so good on them. Law-abiding citizens buy your guns from other local gunsmiths, local citizens, and of course Bud´s online. Let´s see if the Private Equity firms behind Academy sporting goods give up so much revenue too - does the Virtue Signal prevail over their worship of the depreciating US Federal Reserve Note...
37 people like this.
Ah yes, stupidity really is its own reward.
62 people like this.
Liberal CEOs don´t care about making money. Their challenge is to get enough like minded stockholders who also hate capitalism.
43 people like this.
Reply 4 - Posted by:
BarryNo 3/30/2019 6:41:09 PM (No. 18240)
The only people who lost out, did so from the loss of competition and access to competent people to help them through their gun purchases. You didnt take a single gun out of the hands of thieves, murderers, rapists or home invaders. You instead may have stopped an innocent from defending themselves.
Are you really proud of that?
52 people like this.
Reply 5 - Posted by:
Jethro bo 3/30/2019 7:08:42 PM (No. 18242)
The company boss says isn´t complaining. The system does not work, blah, blah, blah. Wonder what his shareholders are going to say?
30 people like this.
Reply 6 - Posted by:
CactusStar 3/30/2019 7:18:51 PM (No. 18252)
I for one suspect their stock prices are up because left leaning investors bought them to make it appear as if the country supports their gun control agenda. However, in the end, their sales volume will be the real indicator.
30 people like this.
Reply 7 - Posted by:
Jerseyden 3/30/2019 7:37:54 PM (No. 18255)
So Dicks gave 150 million to it’s competitors. Doesn’t sound like a good business decision to me.
37 people like this.
Reply 8 - Posted by:
winmag 3/30/2019 7:46:11 PM (No. 18246)
Die you Dicks. How does it feel to be a stupid libtard.
33 people like this.
Reply 9 - Posted by:
Tet Vet 68 3/30/2019 7:47:55 PM (No. 18245)
Wonder how the Board of Directors and the Stockholders view this CEO and the losses...hmmmm
28 people like this.
Reply 10 - Posted by:
FunOne 3/30/2019 7:54:29 PM (No. 18237)
I never saw a firearm at Dicks that I would want to own. The good stuff is easily available at a number of other locations.
33 people like this.
Reply 11 - Posted by:
VietVet68 3/30/2019 7:55:59 PM (No. 18236)
TetVet68....You´re right on the money. The Dick´s board won´t take kindly to some half witted CEO hitting the bottom line like this.
The countdown to his removal begins.
30 people like this.
Reply 12 - Posted by:
chumley 3/30/2019 8:22:57 PM (No. 18244)
Its nice to know that my lack of business contributed in some small way to this.
They did have a couple guns I was eyeing before all this started. Guess I´ll have to get them somewhere else.
22 people like this.
Reply 13 - Posted by:
raspberry 3/30/2019 8:27:52 PM (No. 18251)
Dick´s is my closest sporting goods store and I will never go back. I don´t shop where my beliefs are hated!
77 people like this.
Reply 14 - Posted by:
GoodDeal 3/30/2019 8:42:28 PM (No. 18254)
Dicks is ran by a bunch of dicks. I quit shopping there and after their decision and I took back a bunch of stuff I had bought there and haven’t been back since.
25 people like this.
Reply 15 - Posted by:
Janylou 3/30/2019 9:08:16 PM (No. 18235)
A fool can learn in no other way.
24 people like this.
Reply 16 - Posted by:
Nevadadad46 3/30/2019 9:39:16 PM (No. 18248)
Gee. Looks like being a social justice warrior business isn´t all that profitable. They should go back to selling sporting goods.
27 people like this.
Reply 17 - Posted by:
Rumblehog 3/30/2019 10:23:06 PM (No. 18260)
Then I want the victims of Parkland to sue the hell out of Dick´s for selling the mass-murder weapon to that psycho kid.
21 people like this.
Reply 18 - Posted by:
hurricanegirl 3/30/2019 10:50:28 PM (No. 18243)
Wait! Wait! I´m looking around for my sympathy . . . . Hmmmm, the "Sympathy for Idiots" bin reads "EMPTY!!"
26 people like this.
Reply 19 - Posted by:
janjan 3/30/2019 11:06:28 PM (No. 18259)
What were they expecting? A mob of liberals rushing into their stores buying sporting goods as a sign of solidarity? That really is stupid.
20 people like this.
Marketing 101: Keep your political opinions to yourself, and you can sell to everyone.
20 people like this.
Reply 21 - Posted by:
bobn.t 3/31/2019 2:58:47 AM (No. 18261)
Hee, Hee, Hee
Haa, Haa, Haa
Goody, Goody, Goody
Told you so STUPID!!!
Haven´t set foot in their place since they started hating guns.
BassPro
Cabelas
Sportsman´s Warehouse
Big 5
and others
16 people like this.
Reply 22 - Posted by:
DVC 3/31/2019 3:54:43 AM (No. 18256)
#17, Dick´s DID NOT sell the gun that the Parkland shooter used to shoot the students. They sold him a shotgun that was NOT used, but they still went nutso and wiped out $150 million in their business.
Idiots, real idiots.
14 people like this.
Reply 23 - Posted by:
DVC 3/31/2019 3:59:20 AM (No. 18257)
The Parkland maniac bought his AR-15 style rifle at a small gun store, not at Dick´s, but somehow the antigun head of Dick´s decided to make this very bad business decision.
15 people like this.
As the say "Money talks" Maybe their liberal ways will shut them down. Do they know what an assault weapon is?
16 people like this.
Reply 25 - Posted by:
MickTurn 3/31/2019 10:19:06 AM (No. 18247)
Well I guess that confirms the company is run by, you guessed it, Moron D....
16 people like this.
Reply 26 - Posted by:
Smart11344 3/31/2019 2:45:57 PM (No. 18250)
Dick´s may have learned shooting your mouth off isn´t a good idea.
13 people like this.
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This is really good news.
The company "boss" is an idiot. The shotgun that Dick´s sold is NOT any kind of an "assault weapon", even if you take the totally fraudulent definition that the anti-gun folks have created.
And that shotgun was NOT USED in any shooting, so Dick´s has nothing to do with this issue.
I stay out of Dick´s now, used to go there for certain sporting goods, but never guns, didn´t want the models they sold, didn´t like their prices.
Now, I just stay out, along with a whole lot of other folks, apparently.
Dick´s should go out of business.