As you all know quite well, the owner of Dick’s Sporting Goods decided they weren’t going to sell guns to anyone under 21 and would stop selling sporting rifles after the Parkland massacre in February.
Now they are saying those new policies are partly to blame for their declining sales:
Dick’s Sporting Goods Inc. DKS -4.11% said weaker sales of Under Armour Inc. apparel and a decision to pull back from the hunting business dragged on the retailer’s latest quarterly results.
Comparable-store sales fell 4%, Dick’s said. Not adjusting for the 53rd week last year, the company’s same-store sales declined 1.9%.
Also hurting sales was Dick’s decision to tighten its policy on gun sales after 17 people were killed in a February shooting at a Parkland, Fla., high school. The retailer halted sales of any firearms to people under age 21 at all of its 845 Dick’s and Field & Stream stores, and stopped selling assault-style weapons at Field & Stream.
I used to love to go to Field and Stream, which is also owned by Dick’s and is subject to the same stupid gun policies.
But since they’ve changed their policies, I haven’t been and don’t intend to go.
Local stores are far more interesting to me now anyway. But if I have a hankering for a big box store, I can always head over to Academy.