Log In

Your email is not your username

Register

If you were a member of the old Bodybuilding.com forums and would like to reuse your previous username, you can request it below. We use your email only for registration and do not store it. For more information, please see our Privacy Policy.

Confirm your email

A registration code was sent to your email. Enter it here.

Welcome

You have successfully setup your account.

Sign in

Quick Navigation Bottom Misc
Forum » Dick’s Sporting Goods blames ‘increasingly serious’ theft problem for profit plunge
  1. Results 1 to 30 of 37
  2. Page 1 of 2
  3. 1
  4. 2
  6. Last

Thread: Dick’s Sporting Goods blames ‘increasingly serious’ theft problem for profit plunge

post 1688785223 08-22-2023, 04:55 PM
-
#1
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838

Dick’s Sporting Goods blames ‘increasingly serious’ theft problem for profit plunge

Sorry, DICK.... I guess by not selling firearms to virtue signal for retarded leftist ideals you DOUBLE cucked yourself.

LMAO
New York
CNN
—
Dick’s Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits.

The sporting goods and athletic clothing seller reported second-quarter results Tuesday morning that included a 23% drop in profit, despite sales that rose 3.6% in the period. Shares of Dick’s (DKS) plunged nearly 24% Tuesday.

The company blamed shrink, the industry term for theft and damaged inventory, for its surprisingly poor earnings. Although other national retailers have also warned investors about growing theft, Dick’s is among the first to blame its lackluster quarterly financial report primarily on theft.

“Our [second-quarter] profitability was short of our expectations due in large part to the impact of elevated inventory shrink, an increasingly serious issue impacting many retailers,” CEO Lauren Hobart said in a statement. Retail “shrink” is a term that refers to merchandise that goes missing due to theft, fraud, damage, accounting errors or other reasons.
post 1688785643 08-22-2023, 05:03 PM
-
#2
  1. BalognaNbeans
  2. Registered User
  1. BalognaNbeans
  2. Registered User
  3. Join Date: Mar 2018
  4. Age: 56
  5. Posts: 35,319
  6. Rep Power: 312457
Good phuck Dick's they asked for it srs
post 1688785733 08-22-2023, 05:04 PM
-
#3
  1. 129iq
  2. Registered User
  1. 129iq
  2. Registered User
  3. Join Date: Jan 2023
  4. Age: 56
  5. Posts: 12,061
  6. Rep Power: 11617
What about the other hundreds of corporations that went woke and are doing well
post 1688785833 08-22-2023, 05:07 PM
-
#4
  1. ErnieMccracken
  1. ErnieMccracken
  3. Join Date: Nov 2013
  4. Posts: 100,061
  5. Rep Power: 330290
Everyone should know the rule by now. Go woke, go broke.
post 1688785963 08-22-2023, 05:10 PM
-
#5
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  1. FAPhaggot
  2. Hawaiian shirt hoarder
  3. Join Date: Nov 2015
  4. Posts: 24,226
  5. Rep Power: 185354
They're frauding.

Discretionary spending on sporting goods is in the toilet because of rampant inflation and negative real wage growth. But they can't say "revenue is collapsing" without their stock price getting repped. So an unquantified amount of shrinkage becomes the scapegoat.
FA Crew
Always Pick 1 Crew

"Experience is something you get right after you need it."
post 1688786183 08-22-2023, 05:14 PM
-
#6
  1. ErnieMccracken
  1. ErnieMccracken
  3. Join Date: Nov 2013
  4. Posts: 100,061
  5. Rep Power: 330290
Originally Posted By FA*******⏩
They're frauding.

Discretionary spending on sporting goods is in the toilet because of rampant inflation and negative real wage growth. But they can't say "revenue is collapsing" without their stock price getting repped. So an unquantified amount of shrinkage becomes the scapegoat.
Agree there is truth to this. They have an OLD business model that is fading fast. I'm a sports guy and I never go to full retail sporting goods stores with a limited selection to pay FULL MSRP pound me in the ass prices. I don't know how they even cover their lease overhead in high COL cities.
post 1688786193 08-22-2023, 05:15 PM
-
#7
  1. OptimusTrajan
  1. OptimusTrajan
  3. Join Date: Oct 2013
  4. Posts: 14,059
  5. Subscribers: 2
  6. Rep Power: 123510
Originally Posted By ErnieMccracken⏩
Everyone should know the rule by now. Go woke, go broke.
When did they go woke?

I remember them being pha ggots about firearms. Did they do more?
post 1688786883 08-22-2023, 05:29 PM
-
#8
  1. DirtyD79
  2. Registered User
  1. DirtyD79
  2. Registered User
  3. Join Date: Jun 2014
  4. Location: United States
  5. Posts: 1,104
  6. Rep Power: 9730
Originally Posted By ErnieMccracken⏩
Everyone should know the rule by now. Go woke, go broke.
Yep, never mix politics with business. You alienate half your potential customers and nobody wants to preached at by a brand.
I'm stronger when I'm drunk!
post 1688787103 08-22-2023, 05:33 PM
-
#9
  1. ThaNextLevel
  2. Banned
  1. ThaNextLevel
  2. Banned
  3. Join Date: Aug 2023
  4. Age: 56
  5. Posts: 1,082
  6. Rep Power: 0
oh no im so sad this company is losing profits when they sell 5$ sweatshirts for 100$
post 1688787143 08-22-2023, 05:34 PM
-
#10
  1. Archangel_Lost
  2. Attention K-Mart shoppers
  1. Archangel_Lost
  2. Attention K-Mart shoppers
  3. Join Date: Aug 2003
  4. Location: United States
  5. Posts: 58,036
  6. Rep Power: 148333
Originally Posted By FA*******⏩
They're frauding.

Discretionary spending on sporting goods is in the toilet because of rampant inflation and negative real wage growth. But they can't say "revenue is collapsing" without their stock price getting repped. So an unquantified amount of shrinkage becomes the scapegoat.
I thought people were still spending despite inflation and that’s why all the rate hikes and anti-inflation measures have done **** all?
Lifts:
Squat: 460x1
Bench: 400x1
Deadlift: 575x1
OHP: 250x2
Weight: 180 lbs.

Don't have heroes; look up to no one. Because as long as someone's leading the way, the best you'll ever be is second.
post 1688787203 08-22-2023, 05:35 PM
-
#11
  1. chrsschb
  2. Techno Brah
  1. chrsschb
  2. Techno Brah
  3. Join Date: Dec 2010
  4. Location: Georgia, United States
  5. Age: 41
  6. Posts: 12,342
  7. Rep Power: 83349
Dicks: No more guns, we're doing our part!
Dicks: *profits plummet*
Also Dicks:

|| MFC || C7 Crew || Trance & Techno Crew ||
post 1688787233 08-22-2023, 05:35 PM
-
#12
  1. Antoine99
  2. Registered User
  1. Antoine99
  2. Registered User
  3. Join Date: Mar 2013
  4. Age: 35
  5. Posts: 14,302
  6. Rep Power: 82218
Dink's
Would kick em in the nuts
post 1688787423 08-22-2023, 05:37 PM
-
#13
  1. Jessejame5
  2. Registered User
  1. Jessejame5
  2. Registered User
  3. Join Date: Apr 2013
  4. Location: Australia
  5. Posts: 7,711
  6. Rep Power: 55018
Originally Posted By 129iq⏩
What about the other hundreds of corporations that went woke and are doing well
are they doing well though

post 1688787473 08-22-2023, 05:38 PM
-
#14
  1. joeysmokes
  2. smooth like butta
  1. joeysmokes
  2. smooth like butta
  3. Join Date: Jul 2015
  4. Age: 32
  5. Posts: 2,555
  6. Rep Power: 30600
I thought they build that into the prices?
post 1688788323 08-22-2023, 05:56 PM
-
#15
  1. SaviorSelfJT
  2. clownslayer
  1. SaviorSelfJT
  2. clownslayer
  3. Join Date: Aug 2010
  4. Posts: 12,855
  5. Rep Power: 166618
BRB going to dicks to buy a sleeve of golf balls for 40$ that you could buy online for 10
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1688789363 08-22-2023, 06:16 PM
-
#16
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Originally Posted By SaviorSelfJT⏩
BRB going to dicks to buy a sleeve of golf balls for 40$ that you could buy online for 10
Or you can just steal the ones at DICKS.
post 1688790743 08-22-2023, 06:43 PM
-
#17
  1. guest89
  2. Forever aBOARD
  1. guest89
  2. Forever aBOARD
  3. Join Date: Sep 2003
  4. Location: United States
  5. Posts: 41,691
  6. Rep Power: 169649
Originally Posted By OptimusTrajan⏩
When did they go woke?

I remember them being pha ggots about firearms. Did they do more?
The owners/CEO are super woke leftists. They got rid of pistols/assault weapons first. Then eventually all firearms. Now all hunting supplies. They essentially neutered their 'Field and Stream' section by about 75%.


I'd be curious as to how Academy Sports in faring as they are a direct competitor but not as woke.
post 1688791133 08-22-2023, 06:49 PM
-
#18
  1. ltsOgre
  2. I hate capitalism srs
  1. ltsOgre
  2. I hate capitalism srs
  3. Join Date: Feb 2020
  4. Posts: 5,313
  5. Rep Power: 0
All of those rounding errors really starting to add up huh?
I hate capitalism srs
post 1688791173 08-22-2023, 06:50 PM
-
#19
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Originally Posted By guest89⏩
The owners/CEO are super woke leftists. They got rid of pistols/assault weapons first. Then eventually all firearms. Now all hunting supplies. They essentially neutered their 'Field and Stream' section by about 75%.


I'd be curious as to how Academy Sports in faring as they are a direct competitor but not as woke.
They got their PROGRESSIVE utopia now that shoplifting is decriminalized.... "b b b b but not THAT liberal policy"
post 1688791213 08-22-2023, 06:50 PM
-
#20
  1. nickh04
  2. Registered User
  1. nickh04
  2. Registered User
  3. Join Date: Jun 2011
  4. Location: Sacramento, California, United States
  5. Posts: 25,770
  6. Rep Power: 211884
imagine naming your store dicks LMAO
-MS Paint/Chop crew
-GIF crew
-Tradie crew
-No mask/vaccine crew


Neg on site for reddit and tiktok threads dedsrs
post 1688791443 08-22-2023, 06:55 PM
-
#21
  1. SaviorSelfJT
  2. clownslayer
  1. SaviorSelfJT
  2. clownslayer
  3. Join Date: Aug 2010
  4. Posts: 12,855
  5. Rep Power: 166618
Originally Posted By HMFIC_BROWSIN⏩
Or you can just steal the ones at DICKS.
I seriously wonder what’s stopping people from just buying a plane ticket to San Francisco to do their Christmas shopping for their kids SRS

Would save so much money and have some fun doing it too
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1688791873 08-22-2023, 07:03 PM
-
#22
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Originally Posted By SaviorSelfJT⏩
I seriously wonder what’s stopping people from just buying a plane ticket to San Francisco to do their Christmas shopping for their kids SRS

Would save so much money and have some fun doing it too
Maybe CALI can drum up some tourism with a $0 shopping spree promotion.
post 1688792253 08-22-2023, 07:09 PM
-
#23
  1. SaviorSelfJT
  2. clownslayer
  1. SaviorSelfJT
  2. clownslayer
  3. Join Date: Aug 2010
  4. Posts: 12,855
  5. Rep Power: 166618
Originally Posted By HMFIC_BROWSIN⏩
Maybe CALI can drum up some tourism with a $0 shopping spree promotion.
Seems like a business opportunity

Like a shoplifting tour guide? Client pays us, with that money we buy plane tickets and a one night hotel room. We drive the client to the good stores and chaperone them home with their stuff. We'll UPS all the stuff back home so they won't have to take it through the airport

We'll operate on a cost (plane ticket + hotel room + UPS shipping) plus 20% model
Best lifts:
Bench press: 315x5
Squat: 465x1
Strict press: 205x5
Deadlift: 405x13 (conv tap'n'go with straps)
post 1688793573 08-22-2023, 07:36 PM
-
#24
  1. 401Delta
  2. ☠ ☠ ☠ ☠ ☠
  1. 401Delta
  2. ☠ ☠ ☠ ☠ ☠
  3. Join Date: May 2017
  4. Posts: 25,167
  5. Rep Power: 417920
I can't remember the last time I came home with a bag of Dicks.
post 1688795663 08-22-2023, 08:20 PM
-
#25
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Originally Posted By SaviorSelfJT⏩
Seems like a business opportunity

Like a shoplifting tour guide? Client pays us, with that money we buy plane tickets and a one night hotel room. We drive the client to the good stores and chaperone them home with their stuff. We'll UPS all the stuff back home so they won't have to take it through the airport

We'll operate on a cost (plane ticket + hotel room + UPS shipping) plus 20% model
where else on earth can you offer THAT experience without consequences?
post 1688796173 08-22-2023, 08:32 PM
-
#26
  1. Lefticle
  2. Registered User
  1. Lefticle
  2. Registered User
  3. Join Date: Jan 2011
  4. Height: 6'1"
  5. Weight: 225 lbs
  6. Posts: 29,429
  7. Subscribers: 1
  8. Rep Power: 571788
LOL @ dicks

What a chithole.
Always Neg Back Crew.
post 1688796593 08-22-2023, 08:40 PM
-
#27
  1. akferd
  2. Registered User
  1. akferd
  2. Registered User
  3. Join Date: May 2021
  4. Age: 56
  5. Posts: 7,723
  6. Rep Power: 49056
Have they tried selling transgender swimwear yet? That always seems to work.

Or maybe change their name to Vagina's and sell women's products, since they're so anti- masculine.

Or better yet, just go bankrupt because no one gives a fuk about that chithole.
post 1688797033 08-22-2023, 08:50 PM
-
#28
  1. x-trainer ben
  2. Registered User
  1. x-trainer ben
  2. Registered User
  3. Join Date: Oct 2005
  4. Location: United States
  5. Posts: 62,386
  6. Rep Power: 451180
their product quality is in the toilet right now, so my visits have been purchase free this year.
how many running shoes, black shorts and moisture wicking tops does 1 guy need?
There is an unspoken thing, we are iron brothers and sisters, we are to support each other and...It is our duty to support our brothers and sisters in the iron game!
post 1688797733 08-22-2023, 09:08 PM
-
#29
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  1. HMFIC_BROWSIN
  2. Buy high, sell higher.
  3. Join Date: Feb 2009
  4. Location: Arizona, United States
  5. Posts: 73,524
  6. Rep Power: 348838
Originally Posted By x-trainer
my visits have been purchase free this year.
Because you stole the stuff?
post 1688798073 08-22-2023, 09:19 PM
-
#30
  1. proudmanlet
  2. Registered Weapon
  1. proudmanlet
  2. Registered Weapon
  3. Join Date: Oct 2011
  4. Height: 5'5"
  5. Posts: 65,136
  6. Subscribers: 4
  7. Rep Power: 1172577
Originally Posted By FA*******⏩
So an unquantified amount of shrinkage becomes the scapegoat.
they should’ve just said they were in the pool
  1. Page 1 of 2
  2. 1
  3. 2
  5. Last
Quick Navigation Top Misc
Bookmarks
Digg.com
Digg
del.icio.us
del.icio.us
Stumbleupon.com
StumbleUpon
Google.com
Google
Facebook.com
Facebook
Posting Permissions
  1. You may not post new threads
  2. You may not post replies
  3. You may not post attachments
  4. You may not edit your posts