Dick's Sportin' Losses

Windini

Windini

Meatcake
Charter Life Member
Joined
Dec 17, 2016
Messages
10,673
Location
WNC
Rating - 100%
44   0   0
That number is likely higher as they alienated customers that also bought Yeti coolers and kids sports gear. Some of their backbone product lines. Meanwhile, Academy cleaned up, cause they weren't Dick's.

(Loved that line. Had to use it again.)
 
Last edited:
Worrying more about what non customers that are not your customer base think of you is always a wrong headed move. They tried to impress people that were largely not customers. Guess what? They are still not customers. And now your base customers are not customers either.

Go woke, go broke.
 
If they got back into the firearm game, would any of you check them out again?
I went there a few years ago, they had a special before Christmas on some adidas shorts I was looking for for a gift. But Academy is my place. Hell, wore one of their BCG (store brand) polos yesterday, a staple in my work attire
 
There's a trend towards companies striving for a high ESG score in an attempt to make their stock attractive to fund managers in the ESG sector.
It's my belief that most of this woke stuff that we see now from major companies is an attempt to appease the values of the newest generation of investors. Decisions are being made about taking losses now to guarantee long-term sustainability, and using that talking point is a successful tactic with buyers of ESG funds.
I think the guy running Dick's is just fine with his decision, thinking he's impacted the national discussion surrounding guns and gun rights. It's my sincere hope that his investors and board notice and throw him out over his mismanagement.
 
HMP said:
If they got back into the firearm game, would any of you check them out again?
I went there a few years ago, they had a special before Christmas on some adidas shorts I was looking for for a gift. But Academy is my place. Hell, wore one of their BCG (store brand) polos yesterday, a staple in my work attire
Click to expand...
I think they'd need to rebrand.
 
I have no interest in Dick’s, their stores or their stock. But, the story by The Truth About Guns, is hardly The Whole Truth.

Did shareholders lose out on revenue? Apparently they did.
Did it matter to the only metric shareholders actually care about? Have a look at this chart…

98A715D3-A8A8-4FFB-8617-DAEFB1BFF735.jpeg
 
“People who are angry have a longer memory, perhaps, than people who are supportive,”

Translated as “net-net this decision is really hurting us”. Good!

I noticed that a DSG near me closed down and recently reopened as an outlet. Being an outlet where they’re less likely to make much off me, I was tempted to check it out but no thanks. F them.
 
Every once in a wile I will go into a dicks just to ask for a manager and tell them "I can't seam to find what I'm looking for" when they ask what I'm looking for I tell them I was hoping to outfit every one of my kids and my wife with new rifles and full kit for a hunting trip. The look on their face is always worth it.

P.s. I don't have any kids. Or a wife.
 
Didn’t we have this same conversation a year ago??? This is like Groundhog Day. I swear we did…

Anyway, I guess I’ll say it again. It wasn’t Parkland that did this. They showed their ass after Sandy Hook. Screwed Daniel Defense over as they were about to carry that line of rifles. Stuck DD with a huge pile of inventory and broke their contract.

I’ve been off their bandwagon since then.
 
C-doodle said:
Every once in a wile I will go into a dicks just to ask for a manager and tell them "I can't seam to find what I'm looking for" when they ask what I'm looking for I tell them I was hoping to outfit every one of my kids and my wife with new rifles and full kit for a hunting trip. The look on their face is always worth it.

P.s. I don't have any kids. Or a wife.
Click to expand...

Bravo, sir….

Bravo!![emoji16]


Sent from my iPhone using Tapatalk
 
The organization my son plays baseball with gives us discount cards for dicks every year for baseball gear. We use to spend a couple hundred bucks every year at Dick’s just on baseball.

Now I throw them in the trash and go to academy. I encourage other parents to do the same. I even offered to give the $20 back on a $200 purchase if they showed me the academy receipt lol.

It had less to do with them dropping guns and more to do with them canceling everyone’s orders on the AR’s they bought on Black Friday that year. Man that pissed me off. And I didn’t even order one.
 
Jeppo said:
I have no interest in Dick’s, their stores or their stock. But, the story by The Truth About Guns, is hardly The Whole Truth.

Did shareholders lose out on revenue? Apparently they did.
Did it matter to the only metric shareholders actually care about? Have a look at this chart…

View attachment 423028
Click to expand...
This comes up in one form or another every so often. Look at the graph. Since the decision in 2018 Dicks has made the stock holder money. Stock was hovering around 45 a share. It hit a high of over 147 in Sept. it sits at 111 today. 1year return 79%.

I don’t like or agree with what they did. I don’t shop there but the article is not looking at the big picture of the company long term. It is focusing on a segment of their business and preaching to the choir. The losses have been in the Field and Stream stories not Dicks Sporing goods overall. It would not surprise me to see them sell it off to BassPro.

Compare it to Academy who went public in March of 2020. Dicks stock is doing better and pays a $.44 dividend while Academy doesn’t pay any.

www.marketwatch.com

ASO Stock Price | Academy Sports & Outdoors Inc. Stock Quote (U.S.: Nasdaq) | MarketWatch

ASO | Complete Academy Sports & Outdoors Inc. stock news by MarketWatch. View real-time stock prices and stock quotes for a full financial overview.
www.marketwatch.com www.marketwatch.com
 
Last edited:
Goofyfoot2001 said:
Wow, can't remember the last time I was in one of their stores. Dicks.
Click to expand...
I can - I needed an OWB holster with retention for a class I was taking. I went and bought one of their nice expensive safariland holsters, used it for the class, then took it back so they can eat the cost in their "shrinkage". Made sure to smash the package up a bit too so there was no way they could pretend it was new open box.

HMP said:
If they got back into the firearm game, would any of you check them out again?
Click to expand...
depends. are they selling guns at below cost in the pointless hope i'll buy overpriced accessories too? I'll buy from anybody if it's hurting their bottom line.
Otherwise, I will and have bought from other stores that required me to go out of my way instead of there. (had a D's and a F&S 5mi from my house back up in MI).
 
Jeppo said:
I have no interest in Dick’s, their stores or their stock. But, the story by The Truth About Guns, is hardly The Whole Truth.

Did shareholders lose out on revenue? Apparently they did.
Did it matter to the only metric shareholders actually care about? Have a look at this chart…

View attachment 423028
Click to expand...
Good grief. How TF is their stock this high? It was in the 30s a few yrs ago.

This entire market is fugazi. None of it makes any sense.

Sent from my moto g fast using Tapatalk
 
IrishCannon said:
Good grief. How TF is their stock this high? It was in the 30s a few yrs ago.

This entire market is fugazi. None of it makes any sense.

Sent from my moto g fast using Tapatalk
Click to expand...

Their product mix over the last few years has shifted to margin heavy products related indoor and outdoor related activities. They make a lot more money on a home gym setup then they do on an AR15 at the same price point. The margin on running shoes is better than bullets.
 
wvsig said:
Their product mix over the last few years has shifted to margin heavy products related indoor and outdoor related activities. They make a lot more money on a home gym setup then they do on an AR15 at the same price point. The margin on running shoes is better than bullets.
Click to expand...

And all that 'stimmy money' had to go somewhere. Appears that a lot of it might have gone into the products that dicks sells. I imagine they sold a lot of clothes racks and paper weights during the last few years.
 
C-doodle said:
Every once in a wile I will go into a dicks just to ask for a manager and tell them "I can't seam to find what I'm looking for" when they ask what I'm looking for I tell them I was hoping to outfit every one of my kids and my wife with new rifles and full kit for a hunting trip. The look on their face is always worth it.

P.s. I don't have any kids. Or a wife.
Click to expand...
You have to get this on video next time. This would be GOLD! 😂
 
IrishCannon said:
Good grief. How TF is their stock this high? It was in the 30s a few yrs ago.

This entire market is fugazi. None of it makes any sense.

Sent from my moto g fast using Tapatalk
Click to expand...
Soccer/baseball/tennis/golf/football etc parents drop serious coin on their kids sports gear. Sports gear (current year model) has really high margins. I played competitive golf through high school and saw first hand how far some parents are willing to go if they think it gives their kid an advantage.
 
Bigdave0924 said:
Soccer/baseball/tennis/golf/football etc parents drop serious coin on their kids sports gear. Sports gear (current year model) has really high margins. I played competitive golf through high school and saw first hand how far some parents are willing to go if they think it gives their kid an advantage.
Click to expand...

Yup parents will throw tons of money at the sports endeavors if they think it will result in scholarships to college or a pro career. For most of them it is just a money pit and the kids with real talent are going to win with whatever gear the have.

Jayne said:
And all that 'stimmy money' had to go somewhere. Appears that a lot of it might have gone into the products that dicks sells. I imagine they sold a lot of clothes racks and paper weights during the last few years.
Click to expand...

There is a lot of volume in the firearms market but not a lot of profit for the retailer. The avg handgun does not have a lot of margin in it for the retailer when you factor in cost, paperwork and liability vs a pair of Nikes.

  • The leadership announcement comes as Dick’s Sporting Goods continues to reap the benefits of consumers buying more workout gear, sporting goods and outdoor equipment during the coronavirus pandemic.
  • Its e-commerce sales surged 95% during the third quarter, and it reported record quarterly same-store sales growth of more than 23%.
 
Last edited:
Wonder why?



I love women's sports. I have a daughter that can play with the boys. She also can out shoot most of the boys. Instead of stating that "We want sports to be Dick's way"... perhaps these WOKE numlocks would think about what the consumer wants. I know their shareholders would quietly enjoy a better return.

 
Last edited:
Yeah, we have talked about this before, and yes my position hasn’t changed. I also used to have Dick’s on my regular rounds to pick up ammo and whatever sporting goods stuff the kids needed. Probably would spend a couple hundred a year on various things. Now Academy is my go-to.


Sent from my iPhone using Tapatalk
 
Bigdave0924 said:
Soccer/baseball/tennis/golf/football etc parents drop serious coin on their kids sports gear. Sports gear (current year model) has really high margins. I played competitive golf through high school and saw first hand how far some parents are willing to go if they think it gives their kid an advantage.
Click to expand...
Enough to make their stock price triple? It's all chinese made junk. It's all crap. It's not even quality equipment. - And the fitness gear they have? Overpriced tin foil. What has caused a surge in the value of this company on the exchange?
 
Last edited:
Timfoilhat said:
I think the guy running Dick's is just fine with his decision, thinking he's impacted the national discussion surrounding guns and gun rights. It's my sincere hope that his investors and board notice and throw him out over his mismanagement.
Click to expand...

wvsig said:
www.cnbc.com

Dick's Sporting Goods picks President Lauren Hobart as CEO, sees sales surge as consumers buy fitness gear

Dick's Sporting Goods said Lauren Hobart will succeed Ed Stack as chief executive on Feb. 1.
www.cnbc.com www.cnbc.com
Click to expand...
@wvsig beat me to it.

Ed Stack, son of Dick Stack, was de-CEO'd last year.

True, the Co. is still around, and true, their stock price is higher. Further, $250M is likely chump change to these playahs.

But most stocks are higher now than they were in 2018, and as has been pointed out, lots of $timulu$ money was both spent (squandered, in some cases) on trinkets and luxuries by we the serf class; however, a LOT MORE of it got consumed by megacorporate America, which artificially bolstered their bottom lines and inflated their stock "value." I'm no economist, but I'd bet that that 35% increase in supply of US currency that appeared out of thin air in 2020 & 2021 was singularly responsible for the current "strength" of S&P, DJ, and Nasdaq listed companies.

We'll see what the future holds. But
Jerzsubbie said:
“People who are angry have a longer memory, perhaps, than people who are supportive,”
Click to expand...
applies down here at the reality level. If and when some kind of market correction or reckoning comes, and the supply chain problems haven't magically cleared up, and energy prices have ratcheted up the cost of transporting manufactured goods, and 90% of Dick's product line comes from overseas so can't be replaced with local goods... the soccer Mom's will buy from Amazon and Dad already has a home gym. And the rest of us will remember what those Dick's did when they woked up.

As far as "haven't we already talked about this?" goes: considering the amnesiac attention span and memory-hole agenda of our modern information dispersal systems, it's good to keep stories like this alive. We need real-world reminders that actions have consequences. And I no longer shy away from Schadenfreud when the fortunes of arrogant take a tumble.
 
Last edited:
You must log in or register to reply here.
Back
Top Bottom