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Dick's Sucks

Old 01-14-2020, 12:33 PM
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Default Dick's Sucks

Probably beating a dead horse around here, but I just went and returned some crap my father in law got me for Christmas at Dicks. I got $65-ish store credit and figured I'd go buy a case of shotgun shells. I knew they didn't sell mean guns, but didn't know they don't sell guns at all anymore. Then I realized they don't even sell ammo.... Then I asked; and was told they're not selling ammo, and they're closing out all of their tackle.... not gonna sell it anymore either. I'm wondering if this is the beginning of the end for them.
Old 01-14-2020, 12:56 PM
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Originally Posted by Kenny Powers View Post
I'm wondering if this is the beginning of the end for them.
Maybe they just track their sales and they see more money elsewhere, and let other big box sporting goods places fight over outdoors sales. Their stock is up from $33.75 to $49.29 in the last year.

Just because you're not a fan of a companies business decisions doesn't mean they aren't doing well.
Old 01-14-2020, 12:57 PM
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2 years and they'll be gone...their revenue is down 37%
Old 01-14-2020, 12:58 PM
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Agree with the thread title, but they were never a serious ammo/gun retailer, or a place to get fishing tackle.

They're for the UnderArmour/pretend to be an athlete but not actually an athlete crowd.
Old 01-14-2020, 12:59 PM
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Sporting goods stores are changing to being focused on apparel and equipment needed for competitive games. Hunting and fishing largely went by the wayside years ago in the Northeast. Looks to be happening elsewhere.
Old 01-14-2020, 01:05 PM
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Originally Posted by NCSUboater View Post
Agree with the thread title, but they were never a serious ammo/gun retailer, or a place to get fishing tackle.

They're for the UnderArmour/pretend to be an athlete but not actually an athlete crowd.
Honestly they were never somewhere I shopped anyway. They weren't good at hunting/fishing/golf in the first place, so until my kids hit sports age I don't have any reason to be in there. Having 65 bucks on a gift card and not being able to find a way to blow it just reminded me how incompatible they are with my hobbies.

They do seem to be well stocked in baseball, basketball, etc..... so I'm sure they'll survive on that in the future.
Old 01-14-2020, 01:15 PM
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Originally Posted by Lprizman View Post
2 years and they'll be gone...their revenue is down 37%
:headscratch:

They're heading for a record year in revenue and destroyed eps estimates last quarter.

Edited to add, yes, the store sucks. I've never found much in there worth my money. But anyone that thinks they're not doing pretty well isn't looking at the right things.
Old 01-14-2020, 01:20 PM
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When Bass Pro moved in around here they all started scaling back on Hunting and Fishing. Never was a fan of Dick's.
Old 01-14-2020, 01:21 PM
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I just read an article that said the CEO was noting that since the change to selling no guns or ammo has hurt them to 37%.
it was on Facebook...I'll try to find it
Old 01-14-2020, 01:21 PM
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They make all their money on shoes, apparel, and youth sports equipment. My Neighbor is a manager at our local Dicks. I tell him all the time how much I hate his employer and does the same to me.
Old 01-14-2020, 01:23 PM
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Well at least you had the tact to not ask your FIL for a different gift

I'd stand out front like I was scalping tickets for a playoff game & offer the card for 50 cash
Old 01-14-2020, 01:24 PM
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Haven't set foot in there since they started siding with anti gun legislation
Old 01-14-2020, 01:30 PM
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Originally Posted by NCSUboater View Post
Agree with the thread title, but they were never a serious ammo/gun retailer, or a place to get fishing tackle.

They're for the UnderArmour/pretend to be an athlete but not actually an athlete crowd.
Outfitting the suburban garages with sports gear and jogging apparel.

Originally Posted by Lprizman View Post
I just read an article that said the CEO was noting that since the change to selling no guns or ammo has hurt them to 37%.
it was on Facebook...I'll try to find it
Check their stock. Maybe an old article being recirculated?
Old 01-14-2020, 01:36 PM
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This must really sting

From November

Dick’s Sporting Goods stock is up 47.6% for the year to date, outpacing the S&P 500 index SPX, -0.17% , which is up 25.8% for the period.Dick’s Sporting Goods Inc. reported earnings and sales that beat expectations on Tuesday, which CFRA’s Camilla Yanushevsky attributes, in part, to the retailer’s pullback on gun sales.

The results sent shares soaring 18.6% in Tuesday trading, en route to the third biggest one-day percentage gain since Dick’s Sporting Goods DKS, +0.33% went public.

Same-store sales growth of 6% was the best showing since 2013, according to the athletic retailer.

“We attribute gains in part to Ed Stack’s venture into social activism, which we see bolstering brand loyalty and creating long-term goodwill,” wrote Yanushevsky.




Old 01-14-2020, 01:43 PM
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Originally Posted by uncljohn View Post
This must really sting

From November

Dick’s Sporting Goods stock is up 47.6% for the year to date, outpacing the S&P 500 index SPX, -0.17% , which is up 25.8% for the period.Dick’s Sporting Goods Inc. reported earnings and sales that beat expectations on Tuesday, which CFRA’s Camilla Yanushevsky attributes, in part, to the retailer’s pullback on gun sales.

The results sent shares soaring 18.6% in Tuesday trading, en route to the third biggest one-day percentage gain since Dick’s Sporting Goods DKS, +0.33% went public.

Same-store sales growth of 6% was the best showing since 2013, according to the athletic retailer.

“We attribute gains in part to Ed Stack’s venture into social activism, which we see bolstering brand loyalty and creating long-term goodwill,” wrote Yanushevsky.
Yeah, that last line is bs. They're trying to drive that message, but I seriously doubt it's actually affecting anything. Probably just as effective as the "boycott" since they dropped their weapons program.

What it looks like they've done is run discounts through 2nd and 3rd quarter but cut SG&A by even more.
Old 01-14-2020, 01:46 PM
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Parents spend lots of money or kids sporting stuff and that's what they are counting on. Then you have the adults to sell tennis and golf related items. I know if I need anything golf Dicks is really my only choice where I live unless I want to drive 20 miles.
Old 01-14-2020, 02:09 PM
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Originally Posted by TorFed View Post
Maybe they just track their sales and they see more money elsewhere, and let other big box sporting goods places fight over outdoors sales. Their stock is up from $33.75 to $49.29 in the last year.

Just because you're not a fan of a companies business decisions doesn't mean they aren't doing well.

They were at $60.00 in 2016
Old 01-14-2020, 02:14 PM
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Originally Posted by Shore Native View Post
They were at $60.00 in 2016
Ok. They stopped selling AR's in 2018. They were trading at $34 then.
Old 01-14-2020, 02:16 PM
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Originally Posted by Shore Native View Post
They were at $60.00 in 2016
2016 Market info....

What happened

Shares of Dick's Sporting Goods (NYSE:DKS) jumped out of the gym last year, gaining 50% according to data from S&P Global Market Intelligence. The bankruptcies of a number of rival sporting goods chains allowed Dick's to benefit, and it grabbed market share and profits. As the chart below shows, the bulk of the gains came in the middle of the year, shortly after Sports Authority announced its liquidation.

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So what Among the sporting goods chains to declare bankruptcy last year were Sports Authority, City Sports, Golfsmith and Vestis Retail Group, which owned Eastern Mountain Sports, Bob's and Sport Chalet.

Their collapses were driven both by the fact that their market niche had become saturated in recent years due to overexpansion, and by competition from e-commerce. Dick's was able to scoop 31 Sports Authority store leases in addition to the brand name, spending about $23 million, and it acquired Golfsmith for $70 million, taking over 30 stores, which it plans to convert to its Golf Galaxy brand.

As a result of the bankruptcies, same-store sales jumped 5.2% in the third quarter -- its most recently reported period -- and Dick's expects a full-year increase of 3% to 4%.
https://www.fool.com/investing/2017/...0-in-2016.aspx

Old 01-14-2020, 02:29 PM
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Originally Posted by Kenny Powers View Post
Probably beating a dead horse around here, but I just went and returned some crap my father in law got me for Christmas at Dicks. I got $65-ish store credit and figured I'd go buy a case of shotgun shells. I knew they didn't sell mean guns, but didn't know they don't sell guns at all anymore. Then I realized they don't even sell ammo.... Then I asked; and was told they're not selling ammo, and they're closing out all of their tackle.... not gonna sell it anymore either. I'm wondering if this is the beginning of the end for them.
I know, a horrible business decision to Move away from low margin products and focus on the core of higher margin business.

oh wait, it worked...



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