Dick's Sporting Goods ain't doing so well

georgel said:
Yeti coolers. They're big on Yeti. :D
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There's some guys here who said they'd buy Yeti just to spite the NRA, so they could buy Yeti from Dick's and be like spiting them twice LOL. That'll show 'em (NRA)! o_O
 
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We had a company gathering at a Mudcats game tonight, on the way out they were literally handing out trash.
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I guess this is their survival plan.
 
12151791 said:
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You beat me to it. From the Fox article, "A pawn shop in South Carolina has poked fun at Dickā€™s Sporting Goods with a sign advertising the business sells assault rifles"
C'mon Fox, the sign DOES NOT say they're selling assault rifles. Did Fox confirm they're selling short barreled machine guns?
Or did they jump in CNN's bed?
 
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Stopped in F&S yesterday while killing some time - was the only business open, besides Dollar Tree, within walking distance of where I was.

Meandering through, I got, eventually, back to the gun section.
Heard the guy behind the gun counter talking to a customer about how they used to carry ARs, furniture and accessories for them, but no longer.
How they used to sell about 25-30 guns every day, now they are lucky to get 10.
He said they were a lot slower around there than before, and he knows it's purely based on their own actions.
 
HMP said:
Stopped in F&S yesterday while killing some time - was the only business open, besides Dollar Tree, within walking distance of where I was.

Meandering through, I got, eventually, back to the gun section.
Heard the guy behind the gun counter talking to a customer about how they used to carry ARs, furniture and accessories for them, but no longer.
How they used to sell about 25-30 guns every day, now they are lucky to get 10.
He said they were a lot slower around there than before, and he knows it's purely based on their own actions.
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I don't wish bad things for those employed there but I would love to see them go down in flames (not literally in case someone torches the place) and Dicks too..
 
I've wondered if hiring the lobbyist was the CEOs idea or the boards. If it was the CEO, he should be fired for conflict of interest.
 
HMP said:
Stopped in F&S yesterday while killing some time - was the only business open, besides Dollar Tree, within walking distance of where I was.

Meandering through, I got, eventually, back to the gun section.
Heard the guy behind the gun counter talking to a customer about how they used to carry ARs, furniture and accessories for them, but no longer.
How they used to sell about 25-30 guns every day, now they are lucky to get 10.
He said they were a lot slower around there than before, and he knows it's purely based on their own actions.
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I have a connection with someone in senior management at the Dick's in Fayetteville, NC. They have been losing money since Academy opened, and after this, he's thinking they may not make it through Christmas.
 
MostWanted said:
I have a connection with someone in senior management at the Dick's in Fayetteville, NC. They have been losing money since Academy opened, and after this, he's thinking they may not make it through Christmas.
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If that is true, that they dont make it through the end of the year, I feel for the employees in the stores
 
97EB7480-08E4-4E2A-B3F5-8530674C92FD.png DKS stock is falling
 
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MostWanted said:
I have a connection with someone in senior management at the Dick's in Fayetteville, NC. They have been losing money since Academy opened, and after this, he's thinking they may not make it through Christmas.
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Building the two stores at the new location and closing their old location was a bad decision.
 
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My wife's first job out of college had her working in the "office" part of a Dick's(~2012). She used to say how poorly it was run and always wanted to see them fold for their poor treatment. Needless to say she is ecstatic about seeing their stock price tumble the last couple years.
 
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MostWanted said:
I have a connection with someone in senior management at the Dick's in Fayetteville, NC. They have been losing money since Academy opened, and after this, he's thinking they may not make it through Christmas.
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I haven't darkened the door of Dicks since Academy opened down the road from them. I actually bought a spear from Academy last night, WTF do I need a spear you ask? No idea but it was a good deal.
 
Infamous1 said:
I haven't darkened the door of Dicks since Academy opened down the road from them. I actually bought a spear from Academy last night, WTF do I need a spear you ask? No idea but it was a good deal.
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Ok, got to ask - what's a good deal on a spear?
Never priced them before
 
Infamous1 said:
I haven't darkened the door of Dicks since Academy opened down the road from them. I actually bought a spear from Academy last night, WTF do I need a spear you ask? No idea but it was a good deal.
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I own a machete. Walked in for one thing and walked out with that and a machete. Same reason you bought a spear!

I have to admit that I nearly went in to Dick's in Birkdale a couple weeks ago. I was on my way to the range and realized that I only packed 50 rounds of 9mm. I resisted the temptation and paid the range 5 bucks more than Dick's would have cost.

The only positive about Dick's, at least the one near me, is that it's an awesome place to window shop for MILFs in yoga pants!:)
 
I personally my spend a Dicks was all for baseball and it was not a small amount, in fact about the same as I put into shooting for my oldest son. That said all of the shooting equipment was purchased on line, not from Dicks. Unfortunately for Dicks, while they never had my shooting business, they have lost in excess of a grand a year that I did spend on bats, spikes, batting gloves, sliding pants, grip tape, bat bags, etc, etc, etc.

Academy Sports is now the vendor of choice and I even purchase the odd piece of shooting equipment there now.

I have not idea why any CEO, Investor Relations Consultants, or BOD of a company, especially a public company would decide to publicly support any side of a political regardless of how close the division may or may not be within the public. You are in the business to sell product. Why would you alienate any customers. You simply state that your business is retail, or whatever, not politics and that you do publicly support any political positions. It is fine to silently support who you wish, but companies that pander deserve to fail.
 
Dick's (well named) is not really a sporting goods store anymore. It's simply a clothing and footwear store with a few extras. Resembles to a large extent L. L. Bean. Thank God old Mister Bean is not around to see what that place has become.
 
When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise system," I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enč² erprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends; that business has a "social conscience" and takes seriously its responsibilities for providing emč؈loyment, eliminating discrimination, avoidč™¹ng pollution and whatever else may be the catchwords of the contemporary crop of reč‹Æormers. In fact they areā€“or would be if they or anyone else took them seriouslyā€“preachč™¹ng pure and unadulterated socialism. Busi要essmen who talk this way are unwitting pupč؈ets of the intellectual forces that have been undermining the basis of a free society these past decades.

https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
 
Regardless of the increase in the shares they are not in good shape. Cost cutting has improved the company some. I spoke to a senior management guy a month ago who said this Christmas shopping season could be a breaking point for the company and they may have to shut some stores down. Brick and mortar retail as a whole is taking a beating.
 
Diablos said:
When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise system," I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enč² erprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends; that business has a "social conscience" and takes seriously its responsibilities for providing emč؈loyment, eliminating discrimination, avoidč™¹ng pollution and whatever else may be the catchwords of the contemporary crop of reč‹Æormers. In fact they areā€“or would be if they or anyone else took them seriouslyā€“preachč™¹ng pure and unadulterated socialism. Busi要essmen who talk this way are unwitting pupč؈ets of the intellectual forces that have been undermining the basis of a free society these past decades.

https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
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Whenever I hear people braying about the "social responsibilities" of business organizations and other institutions, I'm reminded of institutions like Carnegie Institution, Rockefeller Foundation, JH.H. Kellogg, and Harriman, to name a few. People like Alexander Graham Bell, David Starr Jordan, Luther Burbank, and Margaret Sanger.

Yeppers...all these businesses, corporations, and people supported our very own eugenics programs in this country...and if they weren't directly supporting and funding Nazi eugenics programs (like the Rockefeller Foundation did), the Nazi eugenics programs were very much founded and organized along the lines of our own eugenics programs.

Google it.

Businesses, like governments, are about BUSINESS and POWER in their own way. They exist to make profits, through the marketing of products or services. That's their bottom line. How they go about that may or may not be "ethical" or "moral", but that's what they do.

And businesses, of course, get involved in politics because that's also part and parcel of what they must do to survive and be profitable.

Beyond a certain point, businesses are very much like governments...invested with a lot of power and potentially very dangerous. ESPECIALLY when they collude with the government.

Which means businesses periodically need a smackdown by the people, just as government does.

BUT...other than that, businesses ought NOT to be mixing it up with politics beyond the scope of their specific business realm. STAY. OUT. OF. CITIZEN'S. RIGHTS.
 
Ikarus1 said:
pump and dump
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I dumped what I had in DKS back in 2013 :)

I am not an expert by any stretch but something is funky with Dick's reporting. CFO's always have tricks up their sleeves for one quarter reporting or two but that is not sustainable on a full year.
Same-store sales fell 2.5% on a 13-week comparable basis. The FactSet consensus was for a 1.5% decline.
 
Diablos said:
When I hear businessmen speak eloquently about the "social responsibilities of business in a free-enterprise system," I am reminded of the wonderful line about the Frenchman who discovered at the age of 70 that he had been speaking prose all his life. The businessmen believe that they are defending free enč² erprise when they declaim that business is not concerned "merely" with profit but also with promoting desirable "social" ends; that business has a "social conscience" and takes seriously its responsibilities for providing emč؈loyment, eliminating discrimination, avoidč™¹ng pollution and whatever else may be the catchwords of the contemporary crop of reč‹Æormers. In fact they areā€“or would be if they or anyone else took them seriouslyā€“preachč™¹ng pure and unadulterated socialism. Busi要essmen who talk this way are unwitting pupč؈ets of the intellectual forces that have been undermining the basis of a free society these past decades.

https://www.colorado.edu/studentgroups/libertarians/issues/friedman-soc-resp-business.html
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Are you like a spy or something?
 
12151791 said:
I dumped what I had in DKS back in 2013 :)

I am not an expert by any stretch but something is funky with Dick's reporting. CFO's always have tricks up their sleeves for one quarter reporting or two but that is not sustainable on a full year.
Same-store sales fell 2.5% on a 13-week comparable basis. The FactSet consensus was for a 1.5% decline.
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Top line/bottom line. Sales (top line) were down, but they cut expenses more (layoffs, or not remodeling older stores), so profits (bottom line) were up. Company beat estimates, so stock jumps up at the headlines, but that night, while on the can, the analyst reads the details, and realizes it's not sustainable, and tomorrow he cashes out.
 
In my opinion, the explanation for today's gap up is that the results were awful but not quite as awful as The Street was expecting. An awful quarter was "baked" into the previous price. People may be shocked at the gain up to around $38 until they remember that shares were $61 18 months ago.

In other words, if somebody bought the other day and sold today, he/she made a bundle (thanks to the shorts). On the other hand, if they bought it 18 months ago, thanks to toady's gain, they're only down 45%. ;)
 
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