The decision to side with the far left on gun control is costing Dick’s Sporting Goods more money than they planned. Apparently, insulting the majority of your clientele is bad for business. Who could have guessed?
The Wall Street Journal reports:
Dick’s Says Under Armour, New Gun-Sales Policy Dragged on Results
Dick’s Sporting Goods Inc. DKS -3.52% 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%.
The weaker-than-expected results bucked a trend in the retail sector, which largely has benefited from a surge in consumer spending fueled by a booming economy.
Read the full story from American Lookout
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