Posted December 7, 2018 1:00 pm by Comments

By Tom Knighton

I’ve written more about Dick’s Sporting Goods in 2018 than I ever thought I would. When the year started, we thought the company would have gotten the message that taking anti-gun stances wasn’t conducive to profits, but it didn’t.

So Dick’s doubled down after Parkland and purged the rest of the AR-15s from its stores and then instituted a discriminatory policy against legal adults.

And it’s biting it right in the kiester, too.

In remarks made to the Goldman Sachs Retailing Conference and first reported by the Washington Free Beacon, CEO Edward Stack explained that the 3.9 percent decline in the company’s sales during the third quarter could be partially attributed to its ban on the sale of assault-style rifles and on the sale of all firearms to customers under 21 years old — both of which were implemented in the wake of the Parkland shooting in February.

“Well I think it’s definitely a factor, and it’s nothing that we didn’t anticipate,” Stack said of the sales downturn during the call. “As we put out kind of our guidance for the year and our earnings guidance for the year, we knew this would happen when — we’ve made some decisions on …Read the Rest

Source:: Bearing Arms

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