Dick's stocks and sales down

[GhostTX]

CEO ain't gonna admit to the reasoning.
...

In the article, he blames Lance Armstrong's scandal.

[Darren M]

Of course he does. How.easy is that?

[Probie]

CEO ain't gonna admit to the reasoning.



Another screen name change?

Just got some crocs for the office to give my feet a break in these boots.

Wasn't really my choice.

[KBScobravert]

Wasn't really my choice.

hahaha, the board is ruthless.

[Trick Pony]

LOL at him blaming Lance Armstrong. I don't know anybody who buys Livestrong shit but I sure know a lot of folks who love to blow money on gun stuff that won't shop there anymore.

[futant]

dicks is overpriced yuppie sports BS. Quiting the sales of AR guns just proved that
I hope dicks gets pushed right off the cliff

[momo]

umm... everything about this article implies that gun sales are stronger than ever (up 24%) and their stock price is up... with or with out the sale of AR-15s.

would selling ar-15s have filled that 2% sales drop? maybe, who knows but clearly with gun sales higher than ever, it's definitely other parts of their business that wasn't up to snuff compared to the prior year.

[Nash B.]

They're comparing Cabela's to Dick's. Cabela's is up, Dick's is down.

[momo]

oh dear. reading comprehension has owned me. i didn't even see the word cabelas there.

well fuck DICK Jorting goods and carry on.

[71chevellejohn]

Despite Self-Imposed Ban, Dick's Sporting Goods Selling AR-15 Rifles At New Offshoot

Not sure if this was posted elsewhere or not...

http://www.forbes.com/sites/clareoconnor/2013/08/20/dicks-sporting-goods-selling-ar-15-rifles-at-outdoor-chain-despite-newtown-ban/

Inthe confusing aftermath of December’s Sandy Hook school massacre, it was unclear where shooter Adam Lanza had procured the cache of weapons that killed 20 children and 6 adults in Newtown, Connecticut. As officials investigated tips from the public, Dick’s Sporting Goods found its way into headlines via unsubstantiated rumors that Lanza had tried to buy a rifle at a Danbury outpost days before the crime.

Dick’s, the country’s largest outdoor sports retailer, responded to the tragedy by pulling semi-automatic guns – ‘modern sporting rifles’, in industry parlance – off shelves in their 500-plus stores “out of respect for the victims and their families,” per a December statement.

It emerged months later than Adam Lanza’s mother obtained the Bushmaster .223-caliber model XM15 rifle her son later used in his murder spree at the small, apparently unscrupulous Riverview Gun Sales, which has since lost its license.

Dick’s has kept its word, though: a search of its website shows semi-automatics like the Bushmaster remain off the menu. The outdoor giant (2012 revenues: $5.89 billion) is, however, selling these modern sporting rifles at its brand new offshoot, Field & Stream. The first of these specialty hunting and fishing stores opened in Cranberry Township, Pennsylvania this past weekend, with Duck Dynasty star Willie Robertson on hand to sign autographs.

Gun news site The Firearm Blog first posited that AR-15 rifles like the kind Lanza used would be available at Field & Stream despite the Dick’s ban on these weapons in a post earlier this month. The team at social news outlet Vocativ attended Friday’s grand opening in Pennsylvania to see for themselves:

"We weren’t the only ones looking for an AR-15. The line to purchase these firearms was so long that customers were required to take numbers. And the selection was excellent! So excellent, in fact, that we decided to take pictures. The guns for sale included the Remington AR-15s, S&W AR-15s as well as Stag and DPMS AR-15s. Oh, and don’t forget the the Bushmaster used by Lanza."

Dick’s, which reported lackluster second quarter earnings on Tuesday, did not respond to Forbes’ requests for comment. A staffer at Cranberry Township’s Field & Stream confirmed to Forbes that semi-automatic rifles are indeed on sale but wasn’t sure how many remain in stock after an opening weekend that also saw a camouflage-clad couple wed at the store.

Industry experts say Dick’s has to sell these weapons at its new spinoff to remain competitive. “I’m not surprised,” said James Chartier, an analyst at Monness, Crespi, Hardt & Co., Inc who covers Dick’s Sporting Goods and competitors like Cabela’s. “If you want to be authentic to the customer, you have to sell that product. You can’t be seen as caving in to political pressure.”

[txminime]

I would like to see CTD's 3rd quarter sales report as well...

[YALE]

So they're morally opposed to selling the guns, just not at this outlet? Fuck them. My gun store boycott is now 4 chains deep.

[GhostTX]

So they're morally opposed to selling the guns, just not at this outlet? Fuck them. My gun store boycott is now 4 chains deep.

No doubt... they're "outraged", but lets quietly sell over here...

[futant]

most of the stuff at dicks is over priced any way.
Them jumping on the bandwagon to blame guns for a shooting just gave me a reason to never go there again.

[JamesB]

I have never liked dicks sporting goods
way over priced and a bunch dickhead employees