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Dick's 2Q profit falls, and the retailer lowers its full-year outlook on worries about theft
Read full article: Dick's 2Q profit falls, and the retailer lowers its full-year outlook on worries about theftDickโs Sporting Goods profit slipped in its second quarter and missed Wall Streetโs expectations as the retailer cut its full-year profit outlook, citing worries over theft at its stores.
No sweat: Dick's crushes 2Q as consumers focus on fitness
Read full article: No sweat: Dick's crushes 2Q as consumers focus on fitnessAt home workouts and outdoor athletic activities are shaping up to be good business for Dick's Sporting Goods. The retailer's second-quarter results easily beat Wall Street's expectations as consumers continue to focus on health and wellness while stuck at home amid the coronavirus pandemic. During this pandemic, the importance of health and fitness has accelerated and participation in socially distant, outdoor activities has increased. Sales at stores open at least a year, a key gauge of a retailer's health, increased 20.7%. Families are now expanding beyond workouts to socially distant activities that everyone can enjoy, like hikes, backyard camp outs and fishing.
2 men steal shopping cart of Nike basketball shoes from Dickโs store in Bloomfield Township, police say
Read full article: 2 men steal shopping cart of Nike basketball shoes from Dickโs store in Bloomfield Township, police sayBLOOMFIELD TOWNSHIP, Mich. โ Two men stole a shopping cart full of Nike basketball shoes from a Dickโs Sporting Goods store in Bloomfield Township, police said. Officials learned from the store manager that two men loaded a shopping cart full of Nike basketball shoes and fled out the emergency exit in the back of the store. The other has a facial tattoo, stands about 6 feet tall and weighs 240 pounds, according to authorities. Officials estimate the men stole more than $800 worth of gym shoes. Anyone who recognizes the men is asked to call Bloomfield Township police at 248-433-7755.
Dick's has destroyed $5 million worth of weapons, CEO says
Read full article: Dick's has destroyed $5 million worth of weapons, CEO saysScott Olson/Getty Images(CNN) - Dick's Sporting Goods has destroyed $5 million of the chain's gun inventory, its CEO said. After finding out that Dick's had sold the Parkland shooter a shotgun, CEO Edward Stack decided last year the company would no longer sell firearm to anyone under 21. Dick's announced it would destroy its inventory of weapons, rather than allow them to be sold by another retailer. Since then, about $5 million of the chain's gun inventory has been turned into scrap metal, Stack said in an interview with CBS. Though the gun sold to the shooter was not the AR-15-style rifle used in the shooting, Stack said he couldn't stand being part of the narrative of mass shootings.
Dick's Sporting Goods seeking seasonal employees in Michigan
Read full article: Dick's Sporting Goods seeking seasonal employees in MichiganDick's Sporting Goods is looking to hire 130 seasonal employees across its 12 Michigan locations on Oct. 16 as part of its "National Signing Day." The company is seeking applicants who are "passionate about sports to draw on their personal experiences and in-depth knowledge to guide, inform, equip and inspire customers this holiday season," according to a media release. Those interested are encouraged to apply online then visit their nearest Dick's on Oct. 16 to be interviewed. Michigan store locations:Rochester HillsNorthvilleChesterfieldNovi (Fountain Walk)BloomfieldSterling HeightsLivoniaCantonRosevilleTroyTaylorBrightonCopyright 2019 by WDIV ClickOnDetroit - All rights reserved.
Dick's Sporting Goods seeking seasonal employees in Michigan
Read full article: Dick's Sporting Goods seeking seasonal employees in MichiganDick's Sporting Goods is looking to hire 130 seasonal employees across its 12 Michigan locations on Oct. 16 as part of its "National Signing Day." The company is seeking applicants who are "passionate about sports to draw on their personal experiences and in-depth knowledge to guide, inform, equip and inspire customers this holiday season," according to a media release. Those interested are encouraged to apply online then visit their nearest Dick's on Oct. 16 to be interviewed. Michigan store locations:
Multiple baseball mitts stolen from Dick's Sporting Goods store in Livonia, police say
Read full article: Multiple baseball mitts stolen from Dick's Sporting Goods store in Livonia, police sayA person of interest in the theft of multiple baseball mitts from Dick's Sporting Goods in Livonia. (WDIV)LIVONIA, Mich. - Livonia police are searching for a person of interest in connection with the theft of baseball mitts from a Dick's Sporting Goods store. The theft happened at the Dick's Sporting Goods at 13501 Middlebelt Road, according to authorities. Officials said multiple baseball mitts were stolen. The man in the photos above is considered a person of interest in the case, police said.
Dick's is still figuring out what to do with its gun business
Read full article: Dick's is still figuring out what to do with its gun businessIts sales were not significantly hit in stores where it replaced its "hunt" business with other items. Dick's pulled hunting products, including firearms, out of 10 stores last fall as an initial test. Stack said the hunting business hasn't been a particularly good one for either Dick's or the industry as a whole recently. And the margins in the firearm business is lower than the margins for other products that Dick's sells. But Stack said the company isn't ready to make a decision about whether to drop the hunt business altogether.
Walmart pressured to stop selling guns after latest shootings
Read full article: Walmart pressured to stop selling guns after latest shootingsWalmart, despite a history as a seller of hunting weapons that goes back to its origins, has also shifted its gun sales policies in response to high profile shootings. Social media users call for Walmart to end sale of firearmsThe company faced hundreds of calls on social media to stop selling guns altogether. Walmart could also play a role in educating its customers on gun safety, said Texas Gun Sense President Ed Scruggs. Dick's has pulled gun sales entirely from more than 100 of its stores, and suggested that trend may continue. Public statements like these do make a difference, said Shannon Watts, founder of gun safety advocacy group Moms Demand Action.
Retailers among 2019's worst stocks
Read full article: Retailers among 2019's worst stocksSpencer Platt/Getty Images(CNN) - Looking for more proof of just how hard it is for traditional retailers to compete in a world that's increasingly dominated by Amazon? Nordstrom and Gap are the worst-performing stocks in the S&P 500 so far this year. Several other big brick-and-mortar retailers are among the market's biggest losers of the first half of 2019. All of those companies have recorded sluggish sales and profits as consumers increasingly shop online. And Home Depot, which faces less competition from Amazon and online shopping in general, is up more than 20%.