- The CEO of the largest U.S. sporting goods retailer says he doesn’t see any sign of consumers slowing their spending ahead of the holiday season.
- CEO Ed Stack’s new book details his decision to take a stance against guns.
The CEO of the largest U.S. sporting goods retailer says he doesn’t see any sign of consumers slowing their spending ahead of the holiday season.
The American consumer is in “pretty good shape,” Dick’s Sporting Goods CEO Ed Stack said during an interview Tuesday on CNBC’s “Squawk Box.” “Our business is really good. … What we see, we’re pretty excited about it.”
He added that the trade war between the U.S. and China hasn’t had any “meaningful” impact to the business. Dick’s Sporting Goods recently raised its annual outlook after reporting better-than-expected same-store sales growth of 3.2%, last quarter, including any expected impact from additional tariffs.
Dick’s Sporting Goods shares have rallied more than 21% this year, bringing the company’s market cap to about $3.4 billion.
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Stack’s new book hits shelves on Tuesday. In “It’s How We Play The Game: Build a Business. Take a Stand. Make a Difference,” he describes — among other things — why he decided to pull high-capacity gun magazines from stores and halted the sale of firearms to anyone under age 21 following the Feb. 14, 2018, massacre at Marjory Stoneman Douglas High School in Parkland, Florida.
“I think if you see something you think is a problem … and you have expertise in it … you should stand up and say [something],” Stack said Tuesday morning, when asked about how other CEOs should be taking a stance in support of gun control.
Date: October 09, 2019