Dick’s Sporting Goods Sales Hit by Tougher Stance on Guns
Company changed policy in February after shooting at Florida high school
By Sarah Nassauer and Micah Maidenberg
Nov. 28, 2018 1:39 p.m. ET
Dick’s Sporting Goods Inc. is paying a price for its decision earlier this year to stop selling guns to people under 21 as sales continued to sag in its latest quarter.
Sales at existing stores and websites fell 3.9% for the three-month period ended Nov. 3., driven down by weakness in the company’s hunting and electronics departments, executives said on a conference call with analysts on Wednesday. Those categories accounted for over half of the decline. Weak gun sales also hit other areas like outdoor equipment because fewer…
https://www.wsj.com/articles/dicks-sporting-goods-sales-hit-by-tougher-stance-on-guns-1543430357