Dick's

[Ole Cowboy]

Dick's Sporting Goods Strikes Again: This Time They Destroyed Millions In AR-15s

"During a Sunday interview with CBS News, Stack revealed an interesting tidbit: he decided to scrap more than $5 million worth of AR-15s into scrap metal instead of selling the stock."

"As of now, 125 of Dick's 729 stores no longer sells any type of firearms. Stack is considering making that a company-wide policy though."

https://townhall.com/tipsheet/bethb...05b157f7ae5b131f2e0b244c9b7500&recip=21233168

 

[Dawico]

I remember reading that they were going to destroy the guns instead of sending them back to the manufacturers.

I keep waiting to hear that they are going out of business. Or at least the CEO is getting canned.

 

[Moonpie]

Can’t wait to never go there.

 

[vmax]

Did they send them to benchmade to cut them up?

 

[Texasjack]

Most aptly named store ever.

 

[SQLGeek]

Or at least the CEO is getting canned.

I saw on LinkedIn that he wrote a book basically talking about his "courage". He's embracing this gun grabber persona wholeheartedly and dragging the company with him.

 

[Glenn B]

I used to truly enjoy shopping in their original store whenever I was in Binghamton, NY. My uncle owned a farm up that way and I used to visit often. Did a lot of hunting & fishing up that way and Dick's was my go to store for hunting & fishing stuff. Then they opened a second store in Vestal, NY (just outside of Binghamton) and while that larger store was okay - it never had the aura of a mom & pop shop like the original. When they went nationwide they took a plunge as far as I was concerned. Things just kept getting worse from there on. Now I find myself wishing they would fold and be no more.

 

[TAZ]

I saw on LinkedIn that he wrote a book basically talking about his "courage". He's embracing this gun grabber persona wholeheartedly and dragging the company with him.

He is set for life. No matter how bad he screws Dicks he will get his golden parachute atop his already huge salary and benefits. His book will be gobbled up by leftists drones and he will make a killing there as well.

So what are the chances they destroyed the rifles cause their distributors told them to go take a flying F at a rolling donut when they tried to return them?

 

[Mikewood]

I hope they can stay in business selling pee wee soccer balls to anti-gun moms. They need to get all those deer heads and full body mounts out of their stores along with the hunting gear. Folks won’t buy camo hunting clothes from anti-gunners.

 

[Frank59]

Can’t wait to never go there.

Yawohl Commrade Schultz!!

 

[SQLGeek]

So what are the chances they destroyed the rifles cause their distributors told them to go take a flying F at a rolling donut when they tried to return them?

I wouldn't be surprised at all if that is what happened.

I read something about them recently on the Motley Fool about how they sold some of their Field and Stream stores to Sportsman Warehouse signalling their slow exist completely from the outdoors and hunting business. They've pivoted to focusing more on other sporting goods with a larger profit margin and e-commerce sales. Things seem to be doing OK for them because their stock price lately is up after reporting strong second quarter revenues.

I have a feeling they were already planning an exit from this market segment as part of a long term strategy and used it as an opportunity to gain some publicity. It helps explain why they weren't as concerned about losing the outdoor / hunting segment.

Walmart also sure saved their bacon.

 

[TheDan]

Here's the segment... It's actually old news; he is trying to recapitalize on their previous virtual signaling. Who knows why Sunday Morning decided to do this story now. They are trash.

 

[TheDan]

Walmart also sure saved their bacon.

How so?

 

[Ole Cowboy]

I wouldn't be surprised at all if that is what happened.

I read something about them recently on the Motley Fool about how they sold some of their Field and Stream stores to Sportsman Warehouse signalling their slow exist completely from the outdoors and hunting business. They've pivoted to focusing more on other sporting goods with a larger profit margin and e-commerce sales. Things seem to be doing OK for them because their stock price lately is up after reporting strong second quarter revenues.

I have a feeling they were already planning an exit from this market segment as part of a long term strategy and used it as an opportunity to gain some publicity. It helps explain why they weren't as concerned about losing the outdoor / hunting segment.

Walmart also sure saved their bacon.

Yea, Hunting/Fishing in Texas is not a big money market at all, heck only a $1.4 BILLION business, heck I would walk away too, nothing to see here.

And of course, US-wide almost NOBODY spends a dime on hunting and fishing, its only about $76 Billion, yea DickWeed did the right thing!

 

[SQLGeek]

Yea, Hunting/Fishing in Texas is not a big money market at all, heck only a $1.4 BILLION business, heck I would walk away too, nothing to see here.

1) Most of their stores aren't in Texas.

2) Just because it's a big market doesn't mean they were able to turn a profit in it. We see that with retailers every day. They only had about 35 Field and & Stream stores. They aren't Bass Pro/Cabelas. Outdoors hasn't been their prime business for a long time, if ever.

3) The firearms market is incredibly soft right now. Look at how many distributors and companies are going belly up.

 

[MTA]

Oh well. There are millions of ar15s and ak47 clones in the hands of private citizens. Chief dickhead can virtue signal all he wants. It changes nothing

 

[Reinz]

I hope they............
................They need to get all those deer heads and full body mounts out of their stores along with the hunting gear. Folks won’t buy camo hunting clothes from anti-gunners.

I agree that all around gun guys wouldn’t buy there. But the fudds I know don’t consider them anti-gunners since bolt actions and shotguns aren’t affected. The fudds will still buy there.

 

[SQLGeek]

How so?

From this article:

The biggest retailer in the world taking a similar position helped take the heat off of them. In general, so goes Walmart, so goes retail.

 

[Lonesome Dove]

I see it as his money let him burn it.
Really doesn’t bother me at all. I know where there are millions of guns and better people to buy them from.

 

[SQLGeek]

It's not just his, it's the company's. As a stockholder I'd be pissed. Thankfully I'm not a stockholder.

They are still funding gun control advocacy so piss on them.