Dick’s Sporting Goods Executive Finally Admits That AR-15 Ban Was Bad for Business

Dick’s Sporting Goods Executive Finally Admits That AR-15 Ban Was Bad for Business…

Dick’s Sporting Goods stock has been dropping since their decision to stop selling “assault style” rifles. Their stock fell more than 4.5 percent Thursday after J.P. Morgan said the retailer’s future gains may be limited.

Although the company had performed better-than-expected in their third quarter, top executives are admitting that their growth was impacted by the decision to ban the AR-15 from their stores.

“In addition to the strategic decisions we made regarding firearms earlier this year, the broader industry has decelerated and remains weak as evidenced by most recent national background check data,” Lee Bolitsky, Dick’s chief financial officer said. “We believe this also contributed to the decline.”

Dick’s Sporting Goods is now considering getting rid of their hunting gear to help growth because it reportedly under performs “significantly.”

“We are looking at a number of stores where the hunt business significantly under performs, and we will assess whether we want to take it out and replace it with these other categories if that ends up  to be a smart thing to do from a business standpoint,’’ says CEO Ed Stack. 

The company is firm on their decision to stop the sale of the AR-15 and will not reconsider, though they aren’t sure if getting rid of hunting gear will help their floundering stock.

15 Comments on Dick’s Sporting Goods Executive Finally Admits That AR-15 Ban Was Bad for Business

  1. DUH????
    Conservative? Christian? Hunter? Target shooter? Doesn’t matter which one is checked I’m sure we have more disposable income for our hobbies that the snowflake millennials you were kissing up to!

  2. Your stock is down and you turned political, and to the Left !also the gun thing was an incredibly stupid thing ! And they are not called ASSAULT RIFLES ! not one manufacturer makes a gun called that! Its either an M4 or a AR15 ! And conservatives have money you dumb asses !!

  3. Disks should rename their company “DICKS SPORTSWEAR” Well over 50% of the public is tuned into some form of outdoor activity like fishing, camping, skiing, hunting archery, survival prepping and some form of target shooting and self defense.
    When Dicks banned rifles and in some stores handguns they attacked the total genre of people engaged in the above activities. If they are not personally target shooting or engaged in self defense they all have “personal” friends that are involved. For most is the same as “Attack my friend you attack me also.”
    Disks has essentially said your all squishy Turds. We don’t like you. The stuff we still sell we have to, to get your business.

  4. Haven’t shopped at Dicks or Field & Stream since they took a stand against our Second Amendment!
    They now admit that this was a financial mistake but still continue to give the finger to their customers and share holders!
    The company is firm on their decision to stop the sale of the AR-15 and will not reconsider, though they aren’t sure if getting rid of hunting gear will help their floundering stock.
    It’s obvious that they don’t give a rats ass about you, me or our constitution so I don’t give a rats ass about what they do next!

  5. Not stocking ARs, is irritating. A stupid decision, easily repaired once the hubbub dies down.
    But Dicks went further, and began giving money to the anti-2nd Amendment organizations and lobbyists. They began ACTIVELY working to take away the rights of the American People.
    So no. Dicks will never receive another dime from me, or my friends, or my relatives.

  6. Ya gotta know who your customers are, and apparently Dicks didn’t. Their wussy board of directors decided it was more important to play the politically correct route and their customers didn’t appreciate it. So now, you consider getting out of the hunting sales? Ya might run off the fishermen then, and where do your sales come from then? Lock the doors and blame it all on Trump.

  7. This company (dick’s) did not cater to their base but unwisely chose to try and be politically correct. Shame on them. There is no such item as an “Assault Rifle” so much for their knowledge of what they were trying to ban. Hunters also fish and do other recreational sports. Such is the case for dick’s sports. I boycott them and urge my friends to do the same.

  8. this is only the beginning of their downturn. Boycotts take time to mature and have an actual effect but once it gains traction it cannot be stopped. lol dicks

  9. Here’s my bidness plan for a start-up sporting goods store. No football gear; too violent, no females. No hoops or volleyball gear; not enough Asians, Latinos, and dwarfs/midgets. No baseball gear; not enough Afros. No golf gear; nearly all crackers. No hunting gear; could be used to kill chirrun. No fishing gear; kills fellow creatures. Heavily market badminton, figure skating, shuffleboard, and table tennis. Who wants in on the ground floor of our IPO???

  10. They might as well sell off there hunting stuff. Because I have not bought any thing for hunting from them since they banned the AR15 and will not ! The same goes for Walmart !

  11. AR stands for Armilite Rifle NOT Assault rifle. Although I would never have bought a firearm from them anyway. I buy only from regular gun dealers. I went in to a Dicks store once and asked about bowling equipment and they didn’t even carry anything related to the sport that was the first and last time I ever went in one of their stores.

  12. The AR15 is a semi automatic rifle like any other, except it looks military. It may be best to redesign to stop the left using it to forward their 2nd. amendment agenda.

  13. Ohhhhhhh…Dick’s, Dick’s Dick’s…..LOL…Now you think it was a mistake?? You really are amusing but typical of those biz owners who the left manages to psych out and bluff to make you frightened and unsure…..So now to the left you are a weenie they can count on and the left knows your jelly spine is good for extortion bucks..You can count of being “sucked dry”……

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