Dick's Destroyed $5 MIL Worth of "Assault Rifles"

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The only thing I bought from Dick's (that I still own) is a 250 round box of .40 ammo Blazer FMJ. There are days I don't even want to fire it based on the company's current actions. As a "sporting goods" company that doesn't touch anything firearms, they won't last long.
 
“A quarter of a billion in losses” and then they destroy 5 million of inventory!?

I believe the part about their losses, but I’m not buying that they destroyed that much in product.
 
Meh, whatever ... I won’t ever shop there again. I quit going there after their decision to pull everything awhile back.

There’s one right up the street to.

I notice that I can’t find a picture of even one destroyed rifle, let alone $5 million worth of them.
 
Oh, I have no doubt they destroyed the guns. They can't sell them to customers anymore by policy and they can't move them back to a distributor without taking a loss... but they can use them as a tax writeoff if they destroy the inventory unsold.
 
I had the unfortunate experience of working for Dick's for about two and half years on and off. You wouldn't believe all of the really stupid stuff they did. I quit but they'd call me back, make all sorts of promises and then the stupidity would start all over again. Was part of at least one employee class action suit, but that turned out to be a gold mine only for the lawyers, the employees got the shaft again as usual. Finally couldn't take it any more when they hired an assistant manager who insisted on "feeling up" all the male employees every day as they left work, insisting it was part of his job to prevent employee theft!
 
Oh, I have no doubt they destroyed the guns. They can't sell them to customers anymore by policy and they can't move them back to a distributor without taking a loss... but they can use them as a tax writeoff if they destroy the inventory unsold.
Can they really? You can destroy property for a tax write off? Interesting. Oh well. Doesn’t matter to me.
 
After there 100% guaranty way to lose money, I will say there a 100% chance they did not touch a gun.
What is a sporting goodsstore without sporting goods, DICKS
 
Anyone questioning the measly $5Mil in inventory destruction as unlikely to have occurred has probably never worked retail, or at least not in the last couple decades. Companies destroy perfectly good inventory all the time. If losing $250Mil, another $5Mil is nothing.

It also mentions accessories as being in that total, and that's probably retail value, not their cost price. Probably $4Mil or less in actual cost, so $3Mil after tax savings from the write-off.
 
Being a practical guy... I order the things I need for my small business wherever I can get them (99% fishing related...) so I'm still ordering from Dick's - and I get the goods I need to my door in bulk at a low price, without sales tax.. Not without hassle since you still have to actually find an employee familiar with their sporting goods department -that also knows how to post an order on line... If I could find this one particular product on line for less - old Dick's would have one less customer...

By the I've always made a practice of checking out every store's firearms related goods (if they have them...) and could never see how Dick's made a penny with such a poor, cheap offering.... Yeah I get that there are political ramifications of their not selling guns and not doing this or not doing that... If it messes with their bottom line the folks running the show will get to develop their careers in another field....


and so it goes.... -Vonnegut
 
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