Gun stores across America have long lines of customers waiting to get inside. Dick’s Sporting Goods does not.
A while back, CEO Ed Stack made the strategic move of removing America’s favorite rifle and other hot-selling modern sporting rifles from Dick’s shelves. More recently, he ordered an end to all firearm sales at many of his stores.
And on top of all that, Mr. Stack hired a lobbyist to press Congress to pass more gun control laws.
So now, while every other gun store across America has more business than they can shake a stick at…
Ed Stack’s stores look like ghost towns.
For about 40,000 of the chain’s employees, their boss’ poor decision-making has left them without paychecks. Just in time for Easter. I think I’d like to see what Mr. Stack gets from his employees for National Boss’s Day.
CNN Business shared the news with the world.
Dick’s Sporting Goods is finding it difficult to operate without any sports, gyms or basically any other physical activity.
If Dick’s Sporting Goods still sold popular self-defense guns, magazines and ammunition, they would have plenty of revenue to keep their doors open and their employees on the payroll. Instead, Ed Stack’s poor business strategy of putting wokeness over business considerations is having bitter consequences for his employees.
The sporting goods retailer that (SIC) it’s furloughing a “significant number” of its roughly 40,000 employees beginning Sunday. Affected employees will still continue to receive their benefits.
Try to buy groceries with your health insurance card.
Dick’s (DKS) said in a regulatory filing that because of the coronavirus, it’s “increasingly evident” that its more than 800 stores aren’t going to reopen anytime soon. It will keep on a small number of employees to fulfill online orders and curbside pickups.
If only they carried items that Americans really want to buy during a national emergency.
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