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Meh, just an earnings surprise. Temporary. Good time to short this pig of a stock actually...it will probably never see its former high again before plummeting back down to $10 in the next inevitable, not-very-far-in-the-future massive market correction.
Says you. Are you a big market wizard?
The fact may be a lot of families who want to go shopping for some sports equipment, or are buying items for a big summer camping trip, or want a spendy tent or boat may be much more comfortable bringing their kids into a sporting goods store that doesn't have a gun counter with customers randomly pointing guns in every direction as they examine the guns.
It could be a much friendlier place to shop when the customers feel safer. Customers who walk in openly carrying don't give off much friendliness, even when they are just minding their own business.
A gun remains a threat of possible violence to most folks, and open carrying is a sign of willingness to pull one out and use it.
Since Dick's has been around for a long time and has many stores, I'm sure they took a lot of things into careful consideration before making their decision.
We aren't talking about one Mom and Pop store here; since they have 610 stores and are planning on expanding, I'm sure they are doing a lot of very careful studies on the products they sell and the folks who buy them.
And while I am no expert on stocks, for a fact, Americans aren't vacationing like they used to. A lot more families are now planning domestic vacations and are visiting our national parks and forests than in earlier times.
Camping and outdoor adventuring are cheaper and more fun alternatives to the high cost of theme parks, and families have found them to be real good for creating more family closeness.
Dick's just made big capital with those folks. A thousand bucks doesn't go very far at a theme park, but it can outfit a family for many years of great vacations and other outdoor activities.
Not every sporting goods chain will abandon gun sales. The shooters will still have their choices, but so will all those who have no interest in shooting or gun ownership. Dick's is there for them now.
Only time will tell if the move was good or bad for the company. But if it turns out to be wrong, there's nothing at all to stop Dick's from carrying guns once more in the future. Business is business. The gun makers will be glad to supply them again, any old time Dick's changes its corporate mind.
This whole debate marks a disturbing change in the world and "assault weapons" aren't anywhere near the biggest issue here.
We are at the point where Corporations have officially stepped out of the realm of selling stuff/making profits and into the realm of telling us how to (and how to not) live our lives along with using force to accomplish their goals... the traditional domain of Religion and Government.
Corporations don't only want the dollar bills in our pockets, they want to rule the world, just like so many sci-fi dystopian movies predict. It won't end well if we let this kind of crap continue to grow in strength...
So you're saying that creating new gun regulations helped an American company, not only stop a multi year slide, but actually put them on a path of growth?
Wow, I guess all struggling companies that sell guns will now do similar.
Did they ban the assault weapons in September? Because that seems to be when their stock price rebounded.
The fact may be a lot of families who want to go shopping for some sports equipment, or are buying items for a big summer camping trip, or want a spendy tent or boat may be much more comfortable bringing their kids into a sporting goods store that doesn't have a gun counter with customers randomly pointing guns in every direction as they examine the guns.
It could be a much friendlier place to shop when the customers feel safer. Customers who walk in openly carrying don't give off much friendliness, even when they are just minding their own business.
A gun remains a threat of possible violence to most folks, and open carrying is a sign of willingness to pull one out and use it.
Since Dick's has been around for a long time and has many stores, I'm sure they took a lot of things into careful consideration before making their decision.
We aren't talking about one Mom and Pop store here; since they have 610 stores and are planning on expanding, I'm sure they are doing a lot of very careful studies on the products they sell and the folks who buy them.
And while I am no expert on stocks, for a fact, Americans aren't vacationing like they used to. A lot more families are now planning domestic vacations and are visiting our national parks and forests than in earlier times.
Camping and outdoor adventuring are cheaper and more fun alternatives to the high cost of theme parks, and families have found them to be real good for creating more family closeness.
Dick's just made big capital with those folks. A thousand bucks doesn't go very far at a theme park, but it can outfit a family for many years of great vacations and other outdoor activities.
Not every sporting goods chain will abandon gun sales. The shooters will still have their choices, but so will all those who have no interest in shooting or gun ownership. Dick's is there for them now.
Only time will tell if the move was good or bad for the company. But if it turns out to be wrong, there's nothing at all to stop Dick's from carrying guns once more in the future. Business is business. The gun makers will be glad to supply them again, any old time Dick's changes its corporate mind.
I can tell you don't really know what you're talking about. Listen to the earnings call. The people from Dick's doing the call even said there is no way to tell what impact there has been from the decision. They did a stock buyback and online sales were up. DKS was also down 4.57% today and trading was back to normal levels today. Volume was up 9x average yesterday on better than expected earnings.
Your theory may play out by the time the next earnings report comes out but you're doing nothing more than speculating at this point in time.
They're still not getting rid of the hunting section even though it saw a decent dip in revenues. The shelves are still loaded up with guns and ammo. They just lack the AR platform. And what the heck are you talking about with open carrying? It's not legal in every state and it is not near as big a problem as your sentence would appear to make it seem.
Added: The policy wan't implemented until late enough in the quarter that any increase in sales would have been noticeable at every retail location. If I recall correctly, same store sales were down. And there is still the question of how much is the inventory that they plan to destroy worth? That's got to account for something even with some of the crazy markups.
The fact may be a lot of families who want to go shopping for some sports equipment, or are buying items for a big summer camping trip, or want a spendy tent or boat may be much more comfortable bringing their kids into a sporting goods store that doesn't have a gun counter with customers randomly pointing guns in every direction as they examine the guns.
It could be a much friendlier place to shop when the customers feel safer. Customers who walk in openly carrying don't give off much friendliness, even when they are just minding their own business.
A gun remains a threat of possible violence to most folks, and open carrying is a sign of willingness to pull one out and use it.
Since Dick's has been around for a long time and has many stores, I'm sure they took a lot of things into careful consideration before making their decision.
We aren't talking about one Mom and Pop store here; since they have 610 stores and are planning on expanding, I'm sure they are doing a lot of very careful studies on the products they sell and the folks who buy them.
And while I am no expert on stocks, for a fact, Americans aren't vacationing like they used to. A lot more families are now planning domestic vacations and are visiting our national parks and forests than in earlier times.
Camping and outdoor adventuring are cheaper and more fun alternatives to the high cost of theme parks, and families have found them to be real good for creating more family closeness.
Dick's just made big capital with those folks. A thousand bucks doesn't go very far at a theme park, but it can outfit a family for many years of great vacations and other outdoor activities.
Not every sporting goods chain will abandon gun sales. The shooters will still have their choices, but so will all those who have no interest in shooting or gun ownership. Dick's is there for them now.
Only time will tell if the move was good or bad for the company. But if it turns out to be wrong, there's nothing at all to stop Dick's from carrying guns once more in the future. Business is business. The gun makers will be glad to supply them again, any old time Dick's changes its corporate mind.
You actually rattled on about firearms being sold there without doing any investigation on the subject didn't you. If you don't want a firearm, whoop deeee dooo but don't blather on about something you don't know. The topic is open carry wth?????? Do you know the difference between a bolt gun and a semi auto? Holy mis-information bat man.
No doubt Dick's is suffering from brick&morter-itis, like all sports retailers. There was a huge Sports Authority store near where I work that closed about 2 years ago. It's a burgeoning area, with new skyscrapers going up, but that space has remained vacant ever since.
Kudos to Dick's for recognizing that deadly assault weapons have no place in a store where children are coming in to purchase baseball mitts, hockey sticks, etc.
Dicks sales have gone up since they restricted gun sales...doing the right thing can be more profitable
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