Dick's Sporting Goods

11 Stories

Retailers: Theft Is Killing Our Bottom Lines

Target expects to lose up to $1B this year due to 'shrink,' also taking a toll on Dollar Tree, Kohl's

(Newser) - Dollar Tree is the latest company to partly blame theft for plunging profits. The company's gross profit margin fell to 29.8% last quarter from 32.7% a year earlier, CEO Richard Dreiling and CFO Jeffrey Davis told Wall Street analysts on Thursday, per CNN . They attributed much of...

Dick's Sporting Goods: Shoplifters Are Killing Us

Retailer posts lousy earnings reports, blames rising theft as a big reason

(Newser) - Dick's Sporting Goods posted weak second-quarter numbers on Tuesday—and it placed a large share of the blame on shoplifters. The retailer missed Wall Street forecasts as it reported a 23% plunge in profits for the quarter, reports CNBC , and shares in the company were down nearly 25% at...

Dick's Sporting Goods Reports Strong Sales, Surges 16.7%

Return of team sports gives retailer a boost

(Newser) - US stocks closed higher Wednesday as investors continued to monitor the economic recovery and rising inflation. A variety of companies that rely on consumer spending made solid gains. Dick’s Sporting Goods jumped 16.7% after reporting a surge in first-quarter sales and solid earnings as team sports returned. Urban...

Dick's Sporting Goods Makes Its Next Gun Move

Will stop selling them at 440 additional stores

(Newser) - Dick's Sporting Goods is carrying out what CNN calls a "methodical elimination of firearms from its stores," and in its latest move, it will stop selling guns at 440 additional stores, the company announced in an earnings call Tuesday. Dick's stopped selling assault-style weapons in 2018...

Dick's Sporting Goods Turned Assault Rifles Into Scrap Metal

Chain halted sales after Florida school shooting

(Newser) - Dick's Sporting Goods stopped selling assault-style rifles after the school shooting in Parkland, Fla.—and the chain didn't try to offload its unsold inventory to other retailers. CEO Ed Stack revealed in a CBS interview Sunday that the chain turned the $5 million worth of assault rifles...

Dick's Took a Stand on Guns. It Cost $150M

A year after moving to ban assault rifles and high-capacity magazines, CEO takes stock of the cost

(Newser) - After the school shooting in Parkland, Fla., a year ago, it emerged that the alleged shooter had legally purchased a gun from Dick's Sporting Goods; a day after his arrest, a Vermont teen was arrested over alleged plans for a shooting spree at his school. He, too, had legally...

A Dick's Nix: No More Hunting Rifles, Ammo at 125 Stores

Retailer says the hunting gear hasn't been selling well at those locations

(Newser) - Dick's Sporting Goods Inc. said on Tuesday it will stop selling hunting rifles and ammunition at more than 100 of its stores, replacing the gear with merchandise it believes will sell better at those locations, per the AP . CEO Edward Stack said the move comes after the sporting goods...

Dick's and Walmart Wouldn't Sell Him a Gun. Now He's Suing

20-year-old man says chains are discriminating against potential gun buyers under 21

(Newser) - A 20-year-old Oregon man filed suit Monday claiming Dick's Sporting Goods and Walmart discriminated against him when they refused to sell him a rifle. The move comes after Dick's and Walmart restricted gun sales to adults 21 and older in the wake of the Parkland, Fla., high school...

With a Major Gun Move, Dick's 'Steers Into the Storm'

Company will no longer sell assault-style rifles in wake of the Florida school shooting

(Newser) - Dick's Sporting Goods' CEO "is deliberately steering his company directly into the storm," is how the New York Times characterizes the company's Wednesday morning announcement: The sports retailer says it will no longer sell assault-style rifles and high-capacity magazines in its stores or online, and will...

Dick's Sporting Goods Halts Sales of Some Rifles

As private equity company tries to offload company that makes Bushmaster

(Newser) - Dick's Sporting Goods has pulled all of its guns from its location closest to Newtown, Connecticut, and has pulled some models of semi-automatic rifles from all its stores, the company announced today. On the company's website today, the page for "modern sporting rifles" is blank, CNN reports....

'Christmas' Saviors: We're Winning the War

This year, Dick's Sporting Goods is target of boycott

(Newser) - Dick's Sporting Goods gets the unlucky honor of being this year's villain in the “War on Christmas” campaign. The American Family Association has singled it out for a boycott this holiday season because the chain is “against” the holiday, reports Advertising Age . One of its offenses is having...

11 Stories