Consumer confidence is reaching new heights and the economy is clicking along but not at Dick’s sporting goods.
In the Wall Street Journal report, Dick’s said that comparable store sales from the previous year had fallen 4 percent, and the company’s same-store sales from the previous year were down 1.9 percent.
The results, according to the report, were clearly weaker than expected — especially considering that consumer confidence for the month of August was the highest that it’s been in nearly two decades.
After the Parkland School incident back in February Dick’s decided to ban sales of firearms to anyone under 21-years of age. It also stopped selling “assault style” weapons altogether.
Assault is a verb, not a noun. It is an action. Guns are incapable of doing anything on their own but Dick’s decided to be well, you know what I mean, and embrace the Left’s narrative, and it cost them.
They seem willing to accept the loss and while I’m no fan of cowards caving to the Left’s pressure politics the shareholders are the ones ultimately paying the price and if they are willing to pay it then as you were.
If not, you know what to do. Elect new members to your board.