Anything sold by chain stores in volume (870's, 60's, 10/22's etc 700 ADL's etc) have terrible margin. We even lost money on them after paying commissions. Same with target shotgun ammo. wwb and similar was a 10-18% margin item. HD loads could be up to 25%.
And It Starts With Academy
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Ouch- at that percentage, it's tough to pay the people working and keep the lights on. At least using the general business model and my very limited knowledge. But I don't run a business, so I'm just speculating.
Well one of two things better be happening (or both). You'd better be buying a lot of used guns(and keeping inventory moving) and making 45-55%+ on them, and you'd better be selling clothing and shooting accessories.
You also have to be smart enough to start sale tagging stuff that's not selling and getting it out of the store rather than having it tie up cash. (that's the hardest thing for small business owners to get through their heads).
Inventory control is key too. No more than a 6-8 week supply of any item.
Makes sense- and considering that most of the chain stores do not take trades or sell used guns (Bass Pro being the only exception I can think of... sort of), the firearms and ammo just seem like a drain on the rest of the store.
Kind of reminds me of the first departments to be cut at K-Mart. There's probably something to be learned there.
And like @Cudruln said, this could be great for small businesses. And I hope the best for them. Although they're still competing with the internet "giants" like DSG, PSA, and Impact Guns, etc.
A lot of small businesses need someone to strategize and develop an inventory plan.
I'm available y'all.
Truly remarkable. The ODT car/truck for sale section is just as amusing.Guns have great margins! Just take a look at what they sell them for on the ODT!
I'll have to wait until I get a reply. I sent it through their corporate inmail system.
http://www.thefirearmblog.com/blog/...rminates-agreement-academy-sports-no-guns-us/
Daniel Defense jumps on board.
Daniel Defense jumps on board.
And DD just earned a new customer. I'll be checking their site for some stuff now.
Well HELL YES! I have never bought DD before, but I will say that they're now my first choice for a high end AR purchase.
I'm going to miss the $25 Federal GM Match HPBT 175gr 308......
Everywhere else & $40.00/box..... Unless I mail order a 500rd case & save a little.
Everywhere else & $40.00/box..... Unless I mail order a 500rd case & save a little.