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Dick's Sporting Goods considered stopping all gun sales in early 2018. A shooting at the high school in Parkland, Florida, had killed 17 people. And the company was shocked into action."We did have a conversation about that," CEO Ed Stack told CNN Business earlier this year. "At the time we felt it was a part of our DNA and we should stay in it. So many people in the country are law-abiding citizens who use firearms to hunt, to use from a recreation standpoint. We didn't think it was right to exit the business completely."That could be changing. Dick's, one of the country's biggest gun retailers, has been quietly testing the water on whether to pull out entirely from what it calls the "hunt" business, including firearms. An announcement with the results of the test is expected Thursday, when it is set to report quarterly results.America is again debating gun control after a recent wave of shootings — including one on August 3 at a Walmart store in El Paso, Texas. The debate has drawn new scrutiny on the legal sale of guns.When Walmart reported earnings on August 15, CEO Doug McMillon said the company supports stronger gun measures, though he stopped short of endorsing a specific plan.But Dick's has been the mainstream retailer to so far make the loudest public statement about firearm sales.Two weeks after the Parkland shooting on February 14, 2018, Dick's decided to drop the sale of assault-style rifles that are frequently used in mass shootings, as well as high-capacity magazines that can allow a person to fire more bullets without taking time to reload. It also raised the age for the sale of any firearm to 21 from 18.Rather than sell off its inventory of assault rifles to another retailer, Dick's had the weapons destroyed. And it hired lobbyists to work on gun safety and gun control issues. The moves won praise from gun control opponents and anger from gun enthusiasts. The backlash has probably hurt the sale of rifles Dick's continued to sell. As a test, Dick's last fall stopped selling all hunting gear, including guns, in 10 stores. It replaced the guns with other goods, such as apparel of a local sports team and other popular items.The experiment was a success. "Those stores outperformed the balance of the chain pretty meaningfully," Stack said.Earlier this year, the company pulled the hunting business out of another 125 stores, leaving sales in about 600 stores. The company said it would study the impact on overall store sales at those 125 stores and complete its review by August. The company declined to comment on the status of that review ahead of Thursday's earnings announcement.Firearm sales have generally been on the decline in recent years.American Outdoor Brands, the largest gun manufacturer and maker of Smith & Wesson, reported that sales fell 33% in the year that ended in April 2018, compared to the previous year, before rising 5% in the most recent year. Sturm Ruger & Co. reported a 21% drop in sales in 2017, and another 5% drop last year. Other smaller gunmakers have also reported declines. Remington filed for bankruptcy in April 2018.During the administration of President Barack Obama, the fear that the government would crack down on gun sales stoked sales. But under President Donald Trump, who was elected with the support of the National Rifle Association, those fears have abated — and along with them gun sales have waned. FBI background checks used for gun purchases, a measure of sales, were down 5% last year compared to 2016, the last year of the Obama administration."It's an OK business," Stack told CNN Business earlier this year. "It's not a great business." 3666
DENVER, Colo. – When it comes to businesses in America, women owned companies make up 40%. Although that number is on the rise, women are facing different challenges in order to achieve success.About 11.6 million businesses are owned by women, but Madhavan Parthasarathy, Director of Entrepreneurship at University of Colorado Denver, says a majority of those businesses are small. Parthasarathy says women aren’t achieving success at the same rate as men because they are outnumbered."The biggest challenge is to be taken serious,” said Parthasarathy. “It's not just a challenge starting a business but getting funding for a business.Besides landing investors, Parthasarathy says it's hard for women to find mentors and connect with a network of other entrepreneurs to help grow their businesses.Sarah Ortega with Sarah O. Jewelry knows a thing or two about the struggles of owning a business. Despite the disadvantages, she says women have an edge that helps them."We are humble people,” said Ortega. “We like to collaborate with other people and we really feel emotion."A downfall – women can be their own worst critics."If you can learn to take that negative self-talk and say ‘not today, not today, I’m not going to listen to you today. I’m going to grow and make something beautiful.’ If you can do that, that’s when things start to change."Male or female, both Ortega and Parthasarathy say mistakes will happen when owning your own business."That's one of the most important things about being an entrepreneur is to not get down and out on your mistakes," said Ortega. “If I make a mistake I go ‘okay cool where do we take that mistake and make it a learning and experience and grow from it.’" One company who's a big advocate of women owned businesses is Secret. Every Wednesday in the month of December, the company is encouraging people to shop at a woman owned business. 1893
Emergency officials took an injured mainland Chinese man away from the Hong Kong Airport on Tuesday after angry protesters who accused him of being a Chinese undercover agent tied up his hands and tried to beat him up.The man was pictured with his hands bound with cable ties, lying in a fetal position on the ground surrounded by a crowd of protesters as demonstrations continued at the airport for a second day and turned tense late Tuesday. Some tried to kick and hit him while others tried to hold the crowd back. Protesters said they detained him because he wore a press vest and claimed to be a reporter, but a mainland Chinese ID card and a T-shirt that read "I love Hong Kong police" was found in his belongings.The chaotic situation eventually ended when protesters allowed ambulance workers to take the man away on a stretcher.Pro-democracy protesters have been sensitive to police infiltration after activists were arrested by officers dressed just like them. Police have acknowledged that they use undercover officers in some operations. 1061
Dancing with the Stars announced the new cast for its upcoming season and while the list was unsurprisingly filled with notable celebrity names, one in particular caught the attention of a lot of viewers.Sean Spicer, the former White House press secretary for President Donald Trump, is slated to be on the show when it premieres on ABC on September 16.The cast was 378
Coming off a day of record-breaking gains, the Dow Jones Industrial Average took a major hit on Tuesday, closing down nearly 800 points amid coronavirus fears. The Dow dropped despite the Federal Reserve announcing that interest rates would drop by .5 percent, a move generally used to help boost the economy in times of economic downturns. While the Dow gained nearly 1,300 points on Monday, a one-day record, the Dow has lost nearly 4,000 points in recent weeks. The market has lost nearly 15% of its total value in that time span. Among the industries to see major losses include travel, pharmaceutical and aviation. Companies such as Boeing, at Walt Disney and Walgreens have seen double-figure losses in their stock value. Oil companies such as Chevron have also seen a large drop in value in recent weeks. 824