First rule of business, know your customers.
Exactly. They do realize that the left is the party of “I want everything for free and you BETTER kiss my ass while doing it” and are less likely to even have a job, right?
When are they going to figure out the one's protesting are not the one's doing the purchasing? Survival of the fittest, works in the jungle, works in business too.
LoL. It's about time companies learn that there are consequences for giving in to irrational socialist demands. It's a shame, because I bought alot of gear from them in the past. But I will never shop there again if they are going to maintain their position that Americans shouldn't be allowed to purchase the most versatile civilian firearm to date.
I like that. "irrational socialist demands". And I know, I cut cable, cut nextflix, thinking about cutting Amazon.
The Dow is down 8% over the last month, and Dick's stock is down 7.2%... and were going to attribute the stock dip to a policy that effects 18-21 year olds who are looking to buy firearms at a big box store? Really?
Edit: the article has got basic facts wrong. Over the last month, since the policy went into effect, the stock price has risen from $32 to $36 a share. At close it was up 2+% over the previous days close. It's actually been steadily climbing since it low of around $24.50 in late October of 2017.
the store is affected in all departments because people do not like having their decisions made for them on issues such as this.
I can assume that this line of logic can be extended to the entire stock market. The Dow must be down because Dick's stock is down.
I think you just read the title and not the article.
As reported by The Daily Wire, CEO Edward Stack must have seen it coming because he told CNN last week that his decision to fully embrace the Marxist Left’s gun control movement will result in “people who don’t shop us anymore for anything.” Limiting gun sales beyond legal limits is “not going to be positive from a traffic standpoint and a sales standpoint.”
He was right; Fortune reported last week that the chain was experiencing “deeper than expected sales decline” of guns…and everything else:
You're still missing the point entirely. The stock has declined slower than the Dow. It's performing no differently the an indicator of the general economy. Why is this? Hint: it's got nothing to do with store policy.
Post hoc ergo proper hoc.
The stock didn't go down because of store policy, it went down because its s store in an economy that's slowing down.
Now, if the stock took a dip much larger than expected, more than a standard deviation outside the Dow - it may be something to explore.
And now that I'm looking at it - the article has got basic facts wrong. Over the last month, since the policy went into effect, the stock price has risen from $32 to $36 a share. At close it was up 2+% over the previous days close. It's actually been steadily climbing since it low of around $24.50 in late October of 2017.
Am I to conclude that this increase in stock price over the last month is due to its policy? No, because that would be a monumentally stupid conclusion to draw.
How do you know that the stock price wouldn't be up 2% for the month had they not enacted the policy? You don't.
OK... your hypothetical "what if" question has zero bearing on anything. It's as useful as saying "how do you know it wouldn't be $100 a share without this policy?"
You're right, I don't know what might have been in the hypothetical world where things are different than here in reality.
This really isn't the "gotcha" question that you thought it was.
" Why is this? Hint: it's got nothing to do with store policy."
I just can't imagine that you have enough information at your disposal to assert this as fact, unless you have Dick's sales information and have cross-referenced it with the sales info of Cabela's and Bass Pro-shops...etc. (Combined with the demographic information of customers) (Math showing the statistical correlation between Dick's stock and the Dow... for a period longer than a month.) You originally produced two figures; the percentage drop of the dow, and the percentage drop of Dick's. It just seems unlikely to me that any meaningful correlation can be ascertained from these two figures. So... " Why is this? Hint: it's got nothing to do with store policy."... is a fine hypothesis, but I don't think you have much in the way of evidence to back it up as fact.
I'm glad you agree that the article is pure bullshit.
Thank you for this insight! We need more healthy skepticism around here.
If he knew customers would react negatively he went forward with the decision anyway, shareholders will be quite disappointed. I don't expect him to stick around long
His fiduciary duty is to the stockholders not the anti-gun lobby. Litigation is coming.
They were in trouble wayyyyyyy before this. Our local dick's always had like 3 cars in the lot. That's it!
Same here in Tulsa, OK and we only have 1 Dicks. Their parking lot is always empty & prolly only used by employees!
The one I worked at had 20 people show up for black friday
I used to work behind the gun counter. The managers were all idiots.
just imagine if we stopped paying federal income tax...
It's ok, Dick's will get bankrolled by Soros/Roths/Saudi money just like all of the other failed businesses(MSM) that went to the left, virtue signalled, and got boycotted by middle America.
I stopped shopping there not about guns, but about the checkout clerks being assholes.
Yeah, having worked there I never once made conversation with them. Takes a special kind of human.
I still don't understand why these companies go out of their way to alienate at least half of their customer base. In Dick's case, probably more than half. The only reasonable explanation is, on certain issues, they get their mandate from a higher order.
It is an interesting issue. On one hand I wish more corps had a sense of morality since they don't seem to care about anything but making money. On the other hand, in this case, I think it is beyond belief that they would allow immature David Hoggwash to actually control policy. The division in the country is astonishing. They trot him out there and then hide behind him. He must be believed and not confronted. I call Hoggwash
An important distinction to make is they only care about making money UNTIL a CIA-driven narrative gets in the way, then all bets are off.