And the customers have gone elsewhere.
Via Free Beacon:
Dick’s Sporting Goods announced on Wednesday that their recent endorsement of gun control policies and hiring of gun control lobbyists has hurt their sales of firearms and hunting accessories.
The company did not reveal specifics about how much their firearms business had fallen during their first quarter earnings call but said it was directly connected to their decision to embrace certain gun control policies. “As expected, our firearms policy changes impacted our hunt business which saw an accelerated decline in an already challenged category,” Dick’s CFO Lee Belitsky told analysts. “We expect these businesses to remain under significant pressure throughout the remainder of the year.”
The store announced in February it would be reinstituting a ban on sales of AR-15s and similar rifles as well as certain firearms magazines after abandoning a nearly identical policy it announced in 2012. The company then embraced gun control, banning the sale of firearms to adults under 21 years of age and hiring lobbyists to advocate for stricter gun laws.
When asked by an analyst whether he believed Dick’s firearms business could rebound later in the year, CEO Edward Stack said the company does not see that segment of the business improving any time soon.
via Weasel Zippers
Enjoy this article? Read the full version at the authors website: https://www.weaselzippers.us