Dicks Sporting Goods
Equipment
Contributors to this thread:
I just read that since their “firearms debacle”, Dicks lost an estimated $150 million, in 2018. Since that time, I’ve not spent a nickel there. And thanks to many here on Bowsite, I have learned of many other companies to deal with.
The CEO ought to be ashamed of himself for ruining his daddy's business, he should be fired. Lesson is don't bite the hand that feeds you.
The CEO ought to be ashamed of himself for ruining his daddy's business, he should be fired. Lesson is don't bite the hand that feeds you.
That would be "herself"!
Mike
At least the president of Dick's is a woman--Lauren Hobart.
Mike
Love is fickle....hate is forever.
If you are going to screw up the shooting/hunting part of your business you better be good at the golf, team sports, cycling, fitness, active wear part. Dicks isn't. Scheels moved in less than a mile from Dicks here and they are doing great.
Never underestimate angered folks and their money.
Midwest above, nailed it. Drive by it often, but have not stopped in years, and never will again.
Also said their stock is up 14% however and gun sales were declining prior. I wonder if dropping them was already considered and using the Florida shooting as the catalyst was a PR opportunity rather than just reporting poor sales as a reason.
man how times have changed when I was a kid pickup trucks had 870s 3030 lever guns & nylon 66 .22s in the gun rack in the window. now WELL you know. so what the hell happened to our society. iv never spent a penny at dicks because there's not one in my area. however in the big picture dicks is just 1 drop in a big barrel of water. I sometimes wonder what kind of a world my grandkids are gonna live in
I thought they were doing away with all Hunting related gear also?!?
Hell, I haven't eaten Quaker Oats since they sponsored the "Guns Of Autumn" anti-hunting propaganda garbage 45 years ago! And when my last Gillette blade cartridge wear out ALL my Gillette stuff is going in the trash. I've got a long memory.
I have called my local Dick's and gotten stonewalled: told to contact Corporate. Yesterday I went there to buy a trout stamp as it is difficult to buy it locally and asked again(about whether this local PA store would be losing its hunting area). The young man first told me that they have told not to talk about it, and then did mumble under his breath that it was NOT one of the stores losing their hunting section: not that they offer me much more than an emergency item now and then. The funny part of the interaction was when I asked about an information booklet with my fishing license he got annoyed and started talking about the fascists at the F&G who have decided to SELL the regulation books at about $3.00 a copy when they were free forever, and remain available everywhere and anytime in the neighboring state of NJ (where the taxes are much higher of course). Not bowhunting, but it was relatively expensive to buy a Trout stamp because it is a Trout AND SALMON stamp. Where the heck are there salmon you ask? Oh in Lake Erie apparently. Give me a break!!!!!
5 year tracking. Appears that decline was occurring before “gun issue” occurred.
It was. The gun interest would not have that kind of impact on their overall target customer base or they would not have done it. It would be nice to think we matter that much but it would be delusional to think that.
The hunting business is a fraction of their overall business and it's the lowest margin of any department. Anyone who thinks losing our business makes a difference is being delusional. I have never shopped at Dick's just because I don't like the stores but know they don't give a rats butt about losing the hunting market.
I bought rage broadheads at my local Dick’s store yesterday. They are the only game in town for me. The local Mom and pop closed up shop in January.
Dicks is a terrible store, and always has been.
Scheels is great.
Dicks quote on the loss “ it was well worth it” Wow. They truly don’t get it
Dicks will die a slow death as more consumers move online. They are simply part of a familiar trend.
who cares, that place was lame anyway, never interested me, I go to real gun and sport shops, they sell a lot of crap anyway,,,,, urban cowboys go there,,,, ha ha
T Mac, you can get Rage broadheads online, or even at Wally World.
Dirk,
May 2018, when Dick’s announced they would stop handling assault style weapons.
Believe it or not our Wally World does not carry rage or similar broadheads...carbon express heads only. Also, when WW by me moved to larger location they discontinued their gun sales.....had I planned ahead I would’ve bought spitfires online....oh well dicks got my business that day.
Dicks had 7.5 billion in sales last year. 150 million is literally a drop in the bucket. They are increasing their online presence and, as proven above, a lot of hunters just don't care.
Dirk,
"That's where you're wrong buffalo1. The first time they pulled em was 2012 after sandy hook." If you knew the answer, why did you ask me? I was within a decade, if your answer is correct.
I went today to Dick's and asked them when did they stopped and they weren't sure. I had to ask someone in the golf dept. because there was no one in the gun dept.
My question now is since Field and Stream is owned by Dicks, no pun intended, will they do the same thing???
Field and Stream,,, that is another joke,,,, you should have seen their sad idea of a Deer Classic in Wisconsin this past weekend,,, Larry Huffman should be rolling in his grave
Dirk you will just have to find some stock records from 11 yrs ago to find your answer. I will try to see what I can find on their stock, P/E ratio, etc.
10/18/02- $3.74; 1/16/09- $12.18 (first valley); 9/9/16-$58.94 (stock pinnacle); 10/13/17- $24.85 (second valley) ; 3/29/19- $36.81.
From 1st valley in 2009 to peak in 2016 some serious money could have been made.
Investing from second dip 10/17- present, money could be made.
A clearer view of stock performance
Buffalo1's Link
Investors make investment decisions based on facts, figures, history and forecast, not sentiment and emotions. Their goal is to make money. Is Dick's in the vortex of the toilet flush?
True that hunting was a small part of their business, however, hunters/shooters also fish and golf and have kids who play soccer, baseball and other sports. Dicks also sells shoes and a lot of hunters buy shoes and boots etc... I think in the long run dicks made a fatal mistake, don't forget that the best kind of advertisement is word of mouth and it can also be the worse.
You are very right LBshooter. I am a runner and go through quite a few pairs of shoes a year. My wife played college volleyball and basketball and still likes to do some rec league type stuff... Both my boys play multiple sports. Running shoes, throwing shoes, racing spikes, basketball shoes, clothes, equipment, etc... We spend a small fortune on sports stuff! Before Newtown we would go into Dicks to look at guns, buy some fishing stuff, grab a clearance ladder stand, and buy our sports stuff. Hell, I even bought 2 treadmills from the place. Haven't stepped foot into the place since Newtown though. Haven't missed it at all and I'm morally fine with not spending my money there. And, they keep saying and doing things that make me even more ok with my lack of support for them. They can run their business however they want, and will probably be fine. I however am not giving them my permission and financial support to continue on their current agenda.
Saw a pic of a T shirt today. It said “Bass Pro sells AR15s, cause we’re not Dicks” (Dicks logo)
I wonder if the “hunting factor” is relevant or even discussed/consider when investment groups and insurance companies make decisions when purchasing blocks of stocks i.e. Dick’s Sporting Goods and other non-hunter friendly businesses?
How do such boycott efforts really affect the bottom line of such businesses?
Has any hunter boycott ever brought a business “to its knees” or bankrupted the business?
While in Orlando last week, my wife wanted to go and buy a few things at Dick's Sporting Goods. I told her about this thread and we went elsewhere. So little by little they will feel it.
I have no clue if "hunter groups" have ever had an affect on a business or it's investor's, and I really don't care if they have or not. I sincerely hope the group who has an effect is citizens who support the constitution (hunters or not). My fear with this Dicks thing is that there are more people in the population that will support their anti-constitutional views than oppose them. If their stock doesn't drop due to this, it's a sign that the liberal and socialist thinking that wants to dismantle the constitution is becoming more acceptable to the general public. In my opinion... hunters have very little to do with what's at stake, everyone else does. I know my view and lack of support for Dicks has nothing to do with me being a hunter, it's a very separate issue.