Dick’s Sporting Goods to Stop Selling Guns at 125 Stores
Dick’s Sporting Goods announced it would no longer sell firearms and certain hunting gear at 125 of its more than 720 namesake stores after testing the concept in 10 locations last year. The company announced a year ago it would stop selling assault-style rifles at its Field & Stream stores. Annual same-store sales fell 3.1 percent, which CEO Edward Stack said wasn’t totally unexpected.
But Stack noted in the Q4 earnings call that comparable sales, margins and foot traffic rose in the 10 gun-free test stores, convincing the company to remove firearms in markets where the hunting category is already underperforming.
Read more at Retail TouchPoints.