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Dick's Sporting Goods faces tough road ahead after 30% surge this year, JP Morgan saysDick's Sporting Goods' upside from here may be limited as the company faces tougher comparisons and rising inventories, according to J.P. Morgan. Especially in the face of the TrumpSlump They decided to stop supporting their customers. Go figure Retailers and politics do not mix. You can’t win. Always was in that store but not anymore.
Source: CNBC - 🏆 12. / 72 Read more »
How Dick’s Sporting Goods Decided to Change Its Gun PolicyEd Stack says the company board members unanimously agreed on limiting sales of some guns in the aftermath of a school shooting in Florida despite the expected financial fallout for the outdoor retailer. Winner davidhogg111 FYI I can't imagine shareholders are going to be very happy with his statement.
Source: WSJ - 🏆 98. / 63 Read more »
Dick’s fires starter pistol for smart-gun marketThe $3.6 bln U.S. retailer that ditched AR-15s in February would support selling guns that can only be fired by their owner, an idea the industry traditionally hates. The previous stand on safety dented sales but helped profit. If this one takes off it could be good for both.
Source: Breakingviews - 🏆 470. / 51 Read more »