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One Year After Its Gun Ban, Here’s What Dick’s Sporting Goods Is Focused On

It’s been a little more than a year since Dick’s Sporting Goods Inc. announced changes to its firearm sales policies in the wake of the tragic shooting at Marjorie Stoneman Douglas High School in Parkland, Fla. — and the retailer is still navigating the impact of its decisions.
For its fiscal fourth quarter ended Feb. 2, the Coraopolis, Pa.-based company reported that revenues fell 6.5 percent to $2.49 billion during the period, and same-store sales also dipped 2.2 percent. On a call today with analysts, executives noted that those declines are primarily related to sluggish sales in the hunt and electronics categories and tough comparisons for sporting goods.
In regard to the hunt category, in particular, chairman and CEO Edward Stack has been taking action. He told analysts that in late Q3 2018, Dick’s removed hunting products from 10 stores where the category was underperforming and replaced them with other merchandise, resulting in positive comp sales and strong margins in those locations. As a result, the firm is moving head with a plan to remove hunting gear from 125 more stores in 2019. “It will be replaced with merchandise categories that can drive growth, each based on the needs of that particular

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Via:: https://footwearnews.com/2019/business/retail/dicks-sporting-goods-q4-gun-ban-analysis-1202759824/