Dick’s Sporting Goods Says Gun-Control Stance Hurt Business, May Close Field & Stream (Brown, financial)

[danielj72]

While most corporations have made concessions to leftist some have gone out of their way to trumpet out their liberal activism. Dick’s un American gun control activities ensure that I will not be spending any of my money in there. I treat them like the perversiin supporting retailer Target. These leftist retailers are no go zones, as far as I am concerned they might as well not exist. We conservatives need to target( no pun intended) those retailers that make a show of their leftism and work together as a group to put them out of business. Would target, Dicks or Nike survive if 50 percent of the population simply stops shopping there? I doubt it. We need to bring these leftist corporations down.

[boneyard1962]

Originally Posted by STL74

Well be honest. It hurt their HUNTING business. Not their business. They found ways to offset and they won't be bowing down to the gun nuts. Good for them.

Directly from what you posted

"Has it had an impact on the foot traffic and people who were upset with us on this? Yes," Stack said. "Has it impacted our profitability? No. We found ways to offset that.

What specifically is a gun nut?

[Phil75230]

Originally Posted by Ellis Bell

Ethics are sooo, last century.

So you're cool with the selling and buying of investments that nobody knows how to actually value (i.e., mortgaged backed derivatives that caused the financial meltdown 10 years ago)? If not, then ethics seems to have a place in keeping our economy stable.

[FatBob96]

Originally Posted by dsjj251

Because not selling certain guns is the equivalent of beating your girlfriend ????

Do you think about what you post before you hit submit ????

You do understand that they're doing more than just discontinuing the sale of a few types of guns, right?

http://thefederalist.com/2018/05/02/...-records-show/

[FatBob96]

Originally Posted by boneyard1962

What specifically is a gun nut?

Anyone who believes the 2nd amendment is an individual right of the people to keep and bear arms.

[moneill]

A mix of factors -- some self imposed.

Dicks has been struggling for some time. Of course cutting a large product line would hurt sales.

[brownbagg]

Originally Posted by boneyard1962

What specifically is a gun nut?

anybody that the anti gun liberal person that thinks someone that owns a gun, doesnt have to be in their procession, it can be lock up in the safe

[Ellis Bell]

Originally Posted by Ellis Bell

Ethics are sooo, last century.

Originally Posted by Phil75230

So you're cool with the selling and buying of investments that nobody knows how to actually value (i.e., mortgaged backed derivatives that caused the financial meltdown 10 years ago)? If not, then ethics seems to have a place in keeping our economy stable.

let me put the emoji in there that should have gone with my comment ...
The post I was responding to was the comment on businesses that opt to close on Sundays for religious/ethical reasons. Today's society seemingly doesn't adhere to those who openly practice their freedoms.

This thread is about a business that has opted to change its policy in gun sales. They have their reasons for doing so ... which may or may not include an 'ethical decision' to do so. For the government to make that decision for them (same as the EPA regulation on the sale and production of incandescent light bulbs) is an over reach by the government.

Now, if you want to talk about the money changers/bankers/Federal Reserve ... start that thread and I'll be there, to post about the centuries old unethical behaviors of the world's governments including that of our own.

[HockeyMac18]

Originally Posted by JackF

Oh well, I guess they thought it seemed like a good idea at the time.

https://freebeacon.com/issues/dicks-...-field-stream/

Dick’s Sporting Goods Says Gun-Control Stance Hurt Business, May Close Field & Stream
'We can either take a look at closing that store … or reconceptualizing it into a more of an outdoor type concept'

Dick's CEO Edward Stack / Getty Images

BY: Stephen Gutowski
December 6, 2018 5:00 am
Dick's Sporting Goods told investors during the Goldman Sachs Retailing Conference that its gun-control stance hurt sales of its hunting business, outdoors business, and that it may close its outdoor-focused Field & Stream stores.
Edward Stack, chairman and CEO of Dick's, said during the event that the sporting goods chain's recent 3.9 percent drop in same-store sales was the result of a mix of factors beyond their control as well as some he called "self-imposed." Specifically, he said, "the decisions we made on firearms" negatively affected their bottom line but the drop in sales was something they expected. They did not, however, regret their decision to change a number of their gun-sales policies and back new gun-control legislation.
"Well I think it's definitely a factor, and it's nothing that we didn't anticipate," Stack said during the call. "As we put out kind of our guidance for the year and our earnings guidance for the year, we knew this would happen when—we've made some decisions on firearms in the past and we've had a pretty good idea of what these consequences were going to be. We felt that was absolutely the right thing to do. We would do the same thing again if we had a mulligan, so to speak, to do it again."
Dick's first modified its gun-sales policy in the wake of the Sandy Hook shooting when it said it would no longer sell AR-15s and certain other semiautomatic rifles. The retailer quickly circumvented that pledge when it opened its outdoor-focused Field & Stream chain. But in the wake of the Parkland shooting earlier this year, the chain once again pledged to stop selling AR-15s and certain other semiautomatic rifles.

In addition, Dick's decided to hire their own gun-control lobbyists in order to push for stricter gun laws nationwide. That action led the National Shooting Sports Foundation—the firearms industry's trade group—to expel the retailer.
The retailer also said in February it would no longer sell firearms to legal adults under the age of 21. On Tuesday, the company settled an age discrimination suit stemming from that decision, according to a report from Oregon Public Broadcasting.
The company insisted during the earnings call that while their embrace of gun-control policies was hurting store foot traffic as well as their hunting and outdoors business, they've found ways to offset the losses.
"Has it had an impact on the foot traffic and people who were upset with us on this? Yes," Stack said. "Has it impacted our profitability? No. We found ways to offset that. We're taking 10 stores this fall and taking firearms out of all of those 10 stores and reconceptualizing the footprint, the product mix, and we'll find out—we'll have a sense of what happens if we took that out. Now these are stores that the hunt penetration is relatively low, so it's not a perfect test, but … we're going to test this in 10 stores and see what happens."
Still, Dick's admitted both firearms customers and the firearms industry have rebutted the retailer because of their gun-control advocacy.
"Well, we've made that decision at the end of February, what we're going to do with firearms," Stack said. "It's still a little early to tell. So, we're taking a look at this. It will depend on a number of things that we're going to be assessing through the balance of this year. So, we've had some vendors who've decided based on our decision to not sell the assault-style rifle that was used in the Parkland shooting that they wouldn't sell us any longer. So, as you know, there's been some people who said we're not going to sell you any firearms anymore. We're not going to sell you our product. We've had some other people who've indicated that they wouldn't shop with us any longer. So, we've got to take a look, and we'll assess this through this holiday season, if the brands are going to continue to or not. Some brands are not going to continue to sell [to] us. If consumers [are] upset with us, we will make a decision of what we're going to do with Field & Stream."
The company said it may soon close down their entire Field & Stream chain of 35 stores across 18 states.
"My sense is that we can either take a look at closing that store, that concept or reconceptualizing it into a more of an outdoor type concept, and we're taking a look at all of these things and by the end of—the peak of the hunting season is coming up in—and basically, the end of the third and the beginning of the fourth quarter and as we move into the end of the fourth quarter, we'll make a decision as to what we're going to do," Stack said.

Plenty (tons) of stuff to do outside that doesn't involve shooting animals.

Focus on that.

[HockeyMac18]

Originally Posted by skeddy

guns are no longer considered sporting goods

I always get confused when I hear someone is "into the outdoors"... And they mean hunting. And I mean backpacking, hiking, booking, climbing, photographing it...