Wasn't the gun industry in particular I was referring to as driving the downturn in the sporting goods industry. Now, this is from my own observations in the area (Austin, TX) that I've live in for the past 20 years. This area was passed over by the real estate downturn and job losses that overtook much of the US, and has been in the top 10 growth areas for at least 10 years. Yet Gander Mountain, Sportsman's Warehouse, and Cheaper Than Dirt all came and went in two years or less. Academy Sports, who also sells guns and ammo, has been doing just fine since 1999. Bass Pro opened nearby, and a Dicks' with Field and Stream also opened in the last year. But every time I go in those stores its empty of customers. I have no idea what kind of sales revenue they generate every day but I can tell you the nations biggest home improvement store chain often sees individual store sales totals of a million dollars a WEEK, and this past Black Friday did a third million in ONE DAY, yet bass pro and Cabelas both have more square feet, and more dollars tied up in merchandise.
My point is that the consolidation in the sporting goods industry is the result of a generation of kids that aren't required to take Phys. Ed in school and aren't into sports in general. This same generation is so hooked on social media that some 65% of them responded in a recent survey said that they'd quit a job that didn't allow them to access social media anytime they wanted. We older folks remember having to ask permission to use the office phone to make or take an emergency phone call
Of course, if the Republicans would just start screaming "gun control!" all of this would just reverse itself. Or wait 2 years and the market will get hot again when Dems take the W.H. and congress
Come'on FOX! We need fake news now more than ever!