Suck It, Dick!

Last month, I covered the convergence and sellout of Dick’s Sporting Goods to Social Justice. Pleased I am to report that Dick’s is now Screwed.

https://gunnerq.com/2018/02/28/dicks-sporting-goods-supports-2nd-amendment-by-refusing-to-sell-guns/

Hat tip to Instapundit for getting this train rolling.

http://pjmedia.com/trending/gun-manufacturers-fire-back-at-dicks-sporting-goods-halt-sales/

[Dick’s Sporting Goods] made some news last month when they first pulled from their shelves, and then destroyed, what they characterized as “assault-style” guns in their inventory.

That stunt followed their statement earlier this year at the time that they pulled the guns from the shelves that they were “committed” to several new gun control objectives. …

Now it has come out that the corporation hired D.C. lobbyists to push for stricter gun control legislation. Consequently, and rather reasonably, O.F. Mossberg & Sons Inc., the company that owns Mossberg guns, announced on Wednesday they would no longer be selling their products to the chain.

http://www.mossberg.com/wp-content/uploads/2018/05/Mossberg-Terminates-Relationship-With-Dicks-Sporting-Goods.pdf

Effective immediately, O.F. Mossberg & Sons will not accept any future orders from Dick’s Sporting Goods or Field & Stream, and is in the process of evaluating current contractual agreements.

“It has come to our attention that Dick’s Sporting Goods recently hired lobbyists on Capitol Hill to promote additional gun control.” said Iver Mossberg, Chief Executive Officer of O.F. Mossberg & Sons. “Make no mistake, Mossberg is a staunch supporter of the U.S. Constitution and our Second Amendment rights, and we fully disagree with Dick’s Sporting Goods’ recent anti-Second Amendment actions.”

Consumers are urged to visit one of the thousands of pro-Second Amendment firearm retailers to make their purchases of Mossberg and Maverick® firearms. Firearm retailers can be found through the Mossberg Dealer Locator….

Meanwhile, from http://www.ammoland.com/2018/05/mks-supply-hi-point-firearms-inland-mfg-refuse-dicks-sporting-goods

MKS Supply, LLC, exclusive marketer for American-made Hi-Point Firearms and Inland Manufacturing, values the customers that it proudly serves and the God-given freedoms that they enjoy. Because the right to keep and bear arms was recognized by our founding fathers to be a fundamental right, they ensured its protection under the Second Amendment.

Just as we show our commitment to our customers by standing behind our products, we believe it is equally important to show our commitment to our customers by standing behind their Second Amendment rights.

In recent months, Dick’s Sporting Goods and its subsidiary, Field and Stream retail stores (unrelated to Field & Stream Magazine), have shown themselves, in our opinion, to be no friend of Americans’ Second Amendment. …

Dick’s Sporting Goods and Field and Stream, in purportedly doing all of these things, have demonstrated that they do not share our values.

MKS Supply, Hi-Point Firearms and Inland Manufacturing are standing by the American people by refusing any further sales to Dick’s Sporting Goods & Field and Stream stores.

We are proud of our products, we are proud of our customers, and we are especially proud of the freedoms secured by our great U.S. Constitution. We are committed to all three.

http://www.racked.com/2018/5/10/17339690/dicks-sporting-goods-gun-control-debate

Springfield Armory, another gun manufacturer, also dropped Dick’s last week, writing on its Facebook page that the decision was because the retailer had hired lobbyists but also citing Dick’s decision to destroy the firearms it wasn’t selling and raise its gun-purchasing age.

Oh yes, in case you missed it, Dick’s destroyed its firearm inventory instead of merely returning it. I’m sure the stockholders & investors don’t care that the CEO destroyed good inventory because the alternative was exchanging them for money.

Trade and advocacy groups have already shown where they stand too. The National Rifle Association tweeted that Dick’s was “punishing law-abiding citizens.” …

Last week, the National Shooting Sports Foundation announced it would revoke Dick’s membership. In February, it said it was “disappointed” by Dick’s decision to stop selling assault-style weapons and raising the purchasing age to 21. This time around, it’s distancing itself completely from Dick’s because of “conduct detrimental to the best interests of the Foundation.”

So many more guns to buy! Stack isn’t the salesman Obama was but props for trying. Speaking of the CEO, let’s hear his response.

http://money.cnn.com/2018/03/13/news/companies/dicks-sporting-goods-earnings/index.html

The CEO of Dick’s Sporting Goods said he’s forging ahead with his new gun sales policy, even though he expects to lose customers.

facepalm

“There’s going to be some pushback and we expected that,” said CEO Edward Stack, in an earnings call with Wall Street analysts. “There are going to be the people who don’t shop us anymore for anything.”

Following a mass shooting at a high school in Parkland, Florida, last month, Stack announced that he would stop selling assault-style rifles, high capacity magazines and raise the minimum age to buy any gun from 18 to 21.

He said he made this decision after he learned that alleged shooter, Nikolas Cruz, 19, had bought a shotgun at one of his stores, though he didn’t use it at Parkland.

He won’t sell assault-style rifles because Nick Cruz didn’t buy one?

The company said its decision was met with support from customers, some of whom sent flowers and donuts to store employees.

Pro-tip #1: outdoorsmen don’t do gifts of flowers and donuts, gun-owners or otherwise. We tend to gift meat, if you know what I mean. Those are non-customer SJW activists celebrating your martyrdom for their benefit. Pro-tip #2: Your employees don’t want to be paid in flowers and donuts.

But on Tuesday, Stack said the decision is “not going to be positive from a traffic standpoint and a sales standpoint.”

Ya think? YA THINK? Didja ever think?

While the company said it had a quarterly increase of 7% in sales compared with last year, and a 4% rise in net income, same-store sales have been slumping and are expected to stay that way for another year, according to the company.

Stack said it was too early to measure the impact of the new gun policy on sales, but said it was “baked into” the full year guidance of $2.80 to $3 earnings per share.

The share price for Dick’s (DKS) was down 2% following the call.

My next post on the topic will be CEO Stack’s resignation. “I remain committed to the forcible disarmament of the unequal bourgeois gaijin gentile pigs living in the sticks,” he’ll say. “And thank you, stockholders, for my $50,000,000 severance check.”

 

One thought on “Suck It, Dick!

  1. This is epic layer business buffoonery. Pissing off a big chunk of your customer base and destroying merchandise you purchased for sale…not a good strategy to stay in business.

    Liked by 1 person

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