Firearms sales are slowing tremendously from the days of panic buying due to Sandy Hook and the ensuing gun bans and registration schemes enacted in several states, and most gun store shelves are now filled back to capacity.
Check it out:
It was bound to happen sooner or later:
Americans, apparently, may finally have enough guns and ammunition.
Cabela’s (CAB), a chain of outdoor stores that specialize in hunting and fishing equipment, said this morning the firearms market is cooling drastically.
Sales at Cabela’s stores open more than one year plummeted 10.1 percent in the recent quarter, primarily because of sluggish firearms sales and a “much sharper than expected” decline in ammunition buying, says Chief Executive Tommy Millner. Excluding guns and ammo, same-store sales were down only 3.5 percent for the retailer, which is based in Sidney, Neb.