Nov 29, 2018

Dick's Sporting Goods sees sales fall after tougher gun policies

Haley Britzky

Photo: Robyn Beck/AFP/Getty Images

Dick's Sporting Goods saw its in-store and online sales fall 3.9% in the quarter ending Nov. 3, driven by losses in its hunting and electronics departments, per the Wall Street Journal.

Why it matters: The chain announced a change in its firearm sales policies earlier this year after the Parkland shooting that included ending the sale of high-capacity magazine sales and assault-style rifle sales as well as a ban on firearms sales to people under 21 years old. Dick's executives attributed the decline to both the new policy and the fact that a general slowdown in gun sales tends to occur under Republican presidents.

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