Dick's Sporting Goods Is Learning What
the Consequences of Going Woke Are
Red State,
by
Bonchie
Original Article
Posted By: Beardo,
8/23/2023 6:28:39 PM
Go woke, go broke. That's what conservatives say, and unfortunately, sometimes it's just rhetoric that doesn't materialize. Still, there are times when the adage proves true.
Enter Dick's Sporting Goods, the woke outdoor company that has prided itself on inserting itself into various cultural battles. As RedState reported, shareholders were greeted with bad news recently when it was revealed that Dick's saw a 23 percent drop in profit over the last quarter.
That sent the company into a freefall. On August 21st, the stock price was $141. Two days later, it was at $108
Reply 1 - Posted by:
Jethro bo 8/23/2023 6:35:21 PM (No. 1541070)
One wonders, how many large chains in the sporting goods market that sell firearms have mass shoplifting issues? And how many woke companies in the same market that closed their firearms sells are suffering from uncontrollable shoplifting?
10 people like this.
Reply 2 - Posted by:
thomthomp 8/23/2023 6:37:28 PM (No. 1541071)
I have no sympathy for woke Dick's.
What's sad is some people may lose their jobs through no fault of their own, stockholders will lose their investment, and the idiots in suits who make these decisions will get promoted or float off on golden parachutes.
28 people like this.
Reply 3 - Posted by:
itsonlyme 8/23/2023 6:45:35 PM (No. 1541077)
November 25, 2020.......
"Dick’s Sporting Goods, Inc. announced the transition of Chairman and Chief Executive Officer Edward Stack to Executive Chairman, effective February 1, 2021. Mr. Stack has been CEO since 1984. From 2006 to 2019, Mr. Stack realized $368,530,849 in total compensation."
On February 1, 2021, Lauren Hobart will assume the role of Chief Executive Officer. She is currently the President of the Company."
"As President & Chief Executive Officer at DICKS SPORTING GOODS INC, Lauren R. Hobart made $8,269,366 in total compensation. Of this total $1,180,769 was received as a salary, $2,066,346 was received as a bonus, $0 was received in stock options, $5,000,142 was awarded as stock and $22,109 came from other types of compensation. This information is according to proxy statements filed for the 2022 fiscal year."
"inventory shrinkage".......That is all.
10 people like this.
Reply 4 - Posted by:
bkt23 8/23/2023 6:48:17 PM (No. 1541078)
I haven't set foot in one of those stores since they stopped selling the most popular rifle in the U.S. They showed who they were years ago. It's unfortunate it has taken this long for them to experience the consequences of their ideology.
27 people like this.
Reply 5 - Posted by:
Tet Vet 68 8/23/2023 7:01:31 PM (No. 1541081)
Dicks is just that--they deserve to go broke with their anti 2nd Amendment posturing. Once they went anti-gun I never set foot in their stores again.
17 people like this.
Reply 6 - Posted by:
scottj 8/23/2023 7:12:57 PM (No. 1541091)
Love seeing liberals get what they deserve.
14 people like this.
Reply 7 - Posted by:
FLCracker 8/23/2023 7:27:08 PM (No. 1541100)
Consider the name.
14 people like this.
Reply 8 - Posted by:
JHHolliday 8/23/2023 7:30:21 PM (No. 1541103)
Same as #4 and I wrote and told them why. If you quit a retailer for their woke policies, let them know why or the suits will try to blame their drop in sales on the pandemic, global warming or Donald Trump.
11 people like this.
Reply 9 - Posted by:
velirotta 8/23/2023 7:37:23 PM (No. 1541108)
Wow! #3. What company can survive such "compensation" rip-offs, woke or not?
5 people like this.
Reply 10 - Posted by:
Krause 8/23/2023 7:40:40 PM (No. 1541111)
You would think CEO's of big companies would be smart. Unfortunately, not so. Look at the CEO of the United States federal government, Joe Biden! Yikes!
9 people like this.
Reply 11 - Posted by:
learner 8/23/2023 8:51:05 PM (No. 1541135)
Learned many years ago that they were an overpriced sporting boutique. I spend all my sports related money at Academy Sports and Outdoors. Great prices, no frills, no BS.
5 people like this.
Reply 12 - Posted by:
DVC 8/23/2023 9:40:40 PM (No. 1541150)
I've not been back in years. I hope the go out of business.
8 people like this.
Reply 13 - Posted by:
Gordon Mills 8/23/2023 10:20:02 PM (No. 1541174)
Wouldn't return even it was half price on shoes.
4 people like this.
Reply 14 - Posted by:
LadyHen 8/24/2023 12:08:58 AM (No. 1541206)
I remember well their anti-1st Amendment, anti-personal protection behavior. I will never step foot in one of their store again.
2 people like this.
Reply 15 - Posted by:
LadyHen 8/24/2023 12:11:17 AM (No. 1541207)
Sorry another comment but correction.. 2nd Amendment rights but heck I bet they would happily refuse us our 1st Amendment rights too.
1 person likes this.
Reply 16 - Posted by:
MickTurn 8/24/2023 10:10:45 AM (No. 1541384)
Dicks is still in business, Who Knew?
1 person likes this.
Reply 17 - Posted by:
MickTurn 8/24/2023 10:11:43 AM (No. 1541388)
Maybe if they put "Limp" in front of their name it would make things better....GFAW, HA HA HA!
4 people like this.
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