There is life after Dick’s. At least there is for some former Field & Stream stores. The two in North Carolina that were purchased by Sportsman’s Warehouse have now opened for business.
We are in the Piedmont Triad this weekend visiting the granddaughters and took some time to check out the Greensboro store. It is still laid out – for now – like the old Field & Stream. Moreover, from my conversation with a store employee, much of the staff came over from Field & Stream. That said, they appeared to be happy with the move.
From an email, I understand the Asheville store has opened as well. The grand opening at both stores will be October 25th and 26th. I’m sure there will be some specials but the store staff hasn’t been told what they will be yet.
The other thing I noticed was this sign.
The store was still stocked with a good deal of Field & Stream branded products but as you can see they are clearing it out.
I didn’t take much time to check out prices as this was a run in, run out type of visit. I did notice that the gun racks had some large open spots. There was a sign saying to expect more firearm inventory soon. I’m guessing that will include those evil AR-15s now that Ed Stack is gone.
I am happy with the change and hope Sportsman’s Warehouse does well in North Carolina.
The anti-rights policies of Dick’s Sporting Goods are coming home to roost. Sportsman’s Warehouse announced that they were acquiring eight existing Field & Stream stores from Dicks.
MIDVALE, Utah, Sept. 30, 2019 (GLOBE NEWSWIRE) — Sportsman’s Warehouse Holdings, Inc. (Nasdaq: SPWH) announced today that it has entered into agreements with DICK’S Sporting Goods, Inc. (NYSE: DKS) to acquire 8 Field & Stream locations. The acquired stores will be operated as Sportsman’s Warehouse stores and are located in Pennsylvania (3), New York (2), North Carolina (2) and Michigan (1). The total purchase price of $28 million for inventory and assets will be funded through borrowings under Sportsman’s revolving credit facility. Sportsman’s will sublease the eight locations from DICK’S. The transaction is expected to close on October 11, 2019 subject to customary closing conditions.
This acquisition is consistent with Sportsman’s strategy to return to a more typical store growth pattern, following a period of investment in omni-channel capabilities, technology, and debt reduction over the last two years.
“We are very pleased to announce this opportunistic expansion of our current 95 store base through the acquisition of these 8 Field & Stream locations. Each of these stores operate in strong markets, with well-established customer bases. We look forward to serving these communities with our continued strong commitment to provide outstanding gear and exceptional service to inspire outdoor memories.” said Jon Barker, Chief Executive Officer.
The industry was outraged when Dick’s Sporting Goods (NYSE: DKS) announced it would remove guns from its nationwide chain. Now, it appears the company is quietly abandoning their Field & Stream stores as well.
Yesterday, it was reported that Dick’s was selling eight of its 35 Field & Stream branded stores to Sportsman’s Warehouse. Seems Utah-based Sportsman’s Warehouse feels the locations (Camp Hill and Altoona, PA, Horseheads and Rochester, NY, Greensboro and Asheville, NC and Troy, Michigan) are “opportunistic expansion” openings and worth the reported $28-million purchase price.
In fact, Sportsman’s Warehouse CEO Jon Baker described the eight locations as “strong markets with well-established customer bases.” All good for a company that has solidly identified with hunters and the shooting markets.
Dick’s has yet to clearly state what has become, essentially, a foregone conclusion- they plan to remove hunting gear from all their Dick’s locations (125 more this year) and dispose of the remaining 27 Field & Stream brand stores as quickly as is practicable.
I, for one, am pleased to be getting a Sportsman’s Warehouse in Asheville. The old Field & Stream store is in a good location, has an exterior that screams outdoors, and is next to the Asheville Outlet Mall. This is just the type of outdoors store that we have been waiting for in western North Carolina.
The Greensboro location is also ideal for Sportsman’s Warehouse. While the Piedmont Triad does have a couple of Gander Outdoors stores and an Academy Sports, there is nothing like a Sportman’s Warehouse, Cabela’s, or Bass Pro Shops in the area. The closest would be either the Raleigh area or the Charlotte area.
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I got a press release in my email today from Sig Sauer announcing Jack Barnes as their new VP for Commercial Sales. Normally, I would not be blogging about something like this. However, in the case of Mr. Barnes, his former employer was a company that lived up to its name more than once: Dick’s Sporting Goods.
Here is the relevant paragraph from the press release:
Barnes comes to SIG SAUER with a robust background in retail commercial sales, serving the last nine years at Dick’s Sporting Goods where he was Vice President General Merchandise Manager. While at Dick’s, Barnes focused on the hunting and outdoor categories, and led the development of the Dick’s Sporting Goods, Field & Stream retail stores from concept to grand opening. He further led the continued growth and sustainability for Field & Stream stores through sales, inventory control, and merchandising. Prior to that, Barnes worked for twelve years at Wal-Mart in various management roles. Notably, Barnes gained tremendous firearms experience as a professional competitive shooter, before he began to focus his career in retail sales management.
I don’t know whether Mr. Barnes left Dick’s on his own or was forced out when Dick’s CEO Ed Stack went full gun control after the Parkland mass murders. Regardless, I’m glad to hear he is now with a company that respects the Second Amendment.
By the way, this afternoon I drove right by a Field and Stream store and kept on going. Mr. Barnes did a good job in developing them but I refuse to spend my money with a company that advocates for gun control.
In recent months, Dick’s Sporting Goods and its subsidiary, Field & Stream, have shown themselves, in our opinion, to be no friend of Americans’ Second Amendment. We believe that refusing to sell long guns to adults under age 21, while many young adults in our military are not similarly restricted, is wrong. We believe that villainizing modern sporting rifles in response to pressure from uninformed, anti-gun voices is wrong. We believe that hiring lobbyists to oppose American citizens’ freedoms secured by the Second Amendment is wrong. Dick’s Sporting Goods and Field & Stream, in purportedly doing all of these things, have demonstrated that they do not share our values.
MKS Supply, Hi-Point Firearms and Inland Manufacturing are standing by the American people by refusing any further sales to Dick’s Sporting Goods & Field & Stream. We are proud of our products, we are proud of our customers, and we are especially proud of the freedoms secured by our great U.S. Constitution. We are committed to all three.
O.F. Mossberg & Sons, Inc., a leading American firearms manufacturer, announced today its decision to discontinue selling products to Dick’s Sporting Goods, and its subsidiary, Field & Stream, in response to their hiring of gun control lobbyists in April 2018.
Effective immediately, O.F. Mossberg & Sons will not accept any future orders from Dick’s Sporting Goods or Field & Stream, and is in the process of evaluating current contractual agreements.
“It has come to our attention that Dick’s Sporting Goods recently hired lobbyists on Capitol Hill to promote additional gun control.” said Iver Mossberg, Chief Executive Officer of O.F. Mossberg & Sons. “Make no mistake, Mossberg is a staunch supporter of the U.S. Constitution and our Second Amendment rights, and we fully disagree with Dick’s Sporting Goods’ recent anti-Second Amendment actions.”
Consumers are urged to visit one of the thousands of pro-Second Amendment firearm retailers to make their purchases of Mossberg and Maverick® firearms. Firearm retailers can be found through the Mossberg Dealer Locator by visiting http://www.mossberg.com/dealers/.
Dick’s might not be hurt by this but Field and Stream is going to miss both Springfield and Mossberg. The average Field and Stream store devotes about one-third of its overall space to hunting and shooting. A few more of these announcements and they can kiss the hunting and shooting business goodbye.
Finally, when even a low-end producer like Hi-Point wants nothing to do with you, it says you suck and big time.