Today Is The Worst Day Ever For Dick's And Their CEO Has Blamed It On Shoplifting

Well that's just a disastrous day on the trading floor. Thoughts and prayers to anyone holding DICK right now.

I wonder what could be the issue? What could cause the share price to be at full price at breakfast and be only worth 75% of its value by lunch? According to the CEO of Dicks, it's shoplifting. 

“Organized retail crime and theft in general, is an increasingly serious issue impacting many retailers,” Hobart told analysts on the company’s earnings call.

Organized retail crime was “significantly higher than we anticipated,” said Chief Financial Officer Navdeep Gupta on the call.

I have to tip my cap here to the CEO. She very well may be telling the truth, but I love taking your horrible earnings numbers and blaming it on anyone but yourself. Why is our company bleeding money? It's not the CEO's fault, I'll tell you that! 

But I do see where she's coming from. Not saying it's the reason why they missed their mark, but we've all seen the videos of what she's talking about. Organized shoplifting is a thing and it's fucking gross.

And it's not even a madhouse, people don't even need to wear masks or rush anymore. These two can try on their shoes before they make their selection. Don't want to steal the wrong size!!!

Advertisement

Obviously if something isn't done about it, it's going to ruin the retail industry forever. Like, we have to be nearing going online only, right? Why in the world would you lease a building to allow people to come in and steal your shit? Whatever, that's my rant. Sorry to anyone with Dicks. Enjoy your Ramen tonight.