Quote:
Originally Posted by dothetwist
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You name your thread :
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Dick's Sporting Goods Will Stop Selling Assault Guns"
As usual we have the gun grabbers LYING in an attempt to paint a picture about how "bad" these guns are
"Dick’s, Major Gun Retailer, Will Stop Selling Assault
-Style Rifles
"
Dick's does
NOT sell "assault rifles" they sell "Assault-Style Rifles"
They DO sell rifles that have cosmetic parts that MAKE people THINK they ARE "ASSAULT WEAPONS WHICH THEY ARE NOT.
This one of the BIGGEST reasons why we CANNOT have honest adult discussions on many issues.
And in regard to guns we CANNOT have honest discussion when the other side DOESN'T KNOW 1 GUN FROM THE OTHER, then claim to be experts!
Dick's sales are down and have been for a while.
This will only hurt them more considering the AR style rifle is the NO.1 selling style of rifle in the country.
They built a new one by me and I quit going there because of their LACK of gun related supplies.
It was a waste of time.
I don't tink they will be around much longer.
"Dick's Sporting Goods Fails to Capitalize on Sports Authority's Bankruptcy"
"
Dick’s Sporting Goods (dks, -2.24%) shares took a huge beating on Tuesday after the retailer reported weak sales despite the bankruptcy of a key competitor and announced job cuts.
The sports gear chain said first-quarter comparable sales, which include online sales but exclude business at newly opened or closed stores, rose 2.4%, below its own earlier projections and those of Wall Street analysts, who on average expected 3.6% growth, according to Consensus Metrix. And that generated a big sell off as investors feared it would dent Dick’s full year results.
UBS estimated that Dick’s had about 30% fewer rival stores to compete with in the period thanks to some bankruptcies compared to a year earlier and as such lowered its rating on the stock to neutral from buy. The results were a disappointment considering that that The Sports Authority went out of business entirely last year. “It’s hard to have confidence that it will be able to meet our prior comp (sales) expectations,” UBS analyst Michael Lasser wrote in a research note."
"
Compounding investor agita was the slowing pace of online growth- digital sales rose 11%, slower than the 20%+ clip investors had gotten used to in recent quarters. Dick’s recently relaunched its web site on its own platform.
The company also announced it has cut 160 jobs at a support center as part of its effort to “adjust our business model,” as CEO Ed Stack
put it in a statement.
Dick’s shares fell 13% to $41.34 by midday."
Dick's Sporting Goods Shares Fall 13% as Bankruptcies Don't Help | Fortune
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? doubtful. And for those so inclined, they can purchase a black scary looking thing at 100's of other retail establishments.
