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They don’t believe in 2nd amendment and don’t care for gun owners. Fine its their business and they can run it anyway they want. However as a gun owner I can take my business else where.
They are stopping gun sales because of declining sales -- LOL.
https://www.usatoday.com/story/money...es/3142257002/Dick's Sporting Goods announced Tuesday it will remove firearms from 125 of its stores, according to news reports. The move follows the company's ban on assault-style weapons last year in the wake of the Parkland shooting.
CEO Ed Stack said Tuesday that Dick's will pull hunting gear from 125 stores starting in around August in response to its slumping sales in those stores, Bloomberg reported, a move that may spread to more stores next year.
It seems the decline in value was due to poor earnings report.
https://www.thestreet.com/investing/...what--14894361Shares of Dick's Sporting Goods (DKS - Get Report) are getting creamed on Tuesday, closing lower by 11% to $34.60 after the company reported disappointing earnings results. More disappointing, though, is what's happening to the technical setup.
Just thought you would want to know the facts -- instead of the stuff you might be picking up elsewhere.
More business for the local mom 'n pop gun stores and camp outfitters.
I bought a .22 rifle and 12 ga shotgun from Dick's several years ago.
Nowadays Dick's seems like more of an outdoor fashions store for soccer moms.
The locals here tend to be on the "overpriced and under inventoried with a dash of they don't make that any more (one time in reference to a Remington 870) end of the spectrum. They will, however, sell you a nice Norinco, " better than a Remington", for the price of a Browning.
The problem isn't about bricks n mortar. The problem is their business model and their foolish political expressions which alienate their customers. If I am wrong about this opinion then someone should explain the booming success of Bass Pro Shops/Cabela's.
But then again, that's just MY opinion, for what it's worth.
Might want to check all big box retail stocks or sporting goods retailer stocks.
Just might be a sign of the overall economy, sport equipment and clothing is a optional expenditure and one of the first to go. Sports Aurhority anyone?
Half the public does not vote and could care less about gun access at a sports store in a shopping mall. Too much self importance these days in politics, 100 factors other than politics are more likely than not buying a crap .22 so don’t throw yourself a parade yet.
The problem isn't about bricks n mortar. The problem is their business model and their foolish political expressions which alienate their customers. If I am wrong about this opinion then someone should explain the booming success of Bass Pro Shops/Cabela's.
But then again, that's just MY opinion, for what it's worth.
I think you're half right.
To be a successful brick-and-mortar store in today's world, you have to offer something special or different than just the products themselves.
Bass Pro Shops and Cabella's offer something special. Their stores are enormous and pretty awesome inside (complete with waterfalls and climbing walls).
Similarly, REI (and places like Sports Basement in the Bay Area) are also like Bass Pro Shops - they offer something special. Things like outdoors/hiking/biking/backpacking classes, rock climbing walls, places to test the equipment out on-site, knowledgeable staff, and great incentive programs (great return policies, good frequent-buyer programs, etc.).
Dick's doesn't really offer anything special - they're just a place to buy product, and when faced with a choice a person in today's world will probably just go and buy that thing online (likely for less money). I think the political angle makes for a good story in the national news - but at the end of the day, I really think it was a statistical blip on their business - the reality is that the store just isn't anything special.
In today's world, you have to be more than just a place to buy stuff. Otherwise, you're likely destined for failure in the long term.
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