The decision to stop selling so-called ‘assault’ weapons has taken its toll on Dick’s Sporting goods.
We reported in December that their CEO has admitted that his liberal gun control policies have hurt the business and they may have to close some stores down.
Well now they are looking to try something new: getting out of the gun business altogether:
CBS NEWS – Dick’s Sporting Goods said Tuesday it’s removing guns from 125 of its stores, further cutting back from the category following the Parkland, Florida, school shooting just over one year ago.
The company stopped selling guns in 10 stores last year to test how they perform and has now decided to remove firearms from 125 additional stores after seeing positive sales. Dick’s has over 700 stores in the U.S.
Dick’s CEO Ed Stack said the changes will be completed late this year, and the company will consider removing firearms in coming years depending on how these 125 stores perform.
Shares in the sporting goods store fell 11.2 percent, or $4.35, in Tuesday trading to close at $34.61.
So they are starting with 125 stores and if it works out, they’ll purge guns from the rest of their stores. That’s the way I read it.
Honestly, I don’t care all that much anymore. I’m never buying another gun from Dick’s or Field and Stream anyway. So if they get out of the gun business, that’s fine with me. I’d rather shop at local gun stores anyway.
Question: How long do you think it’ll be until we see Stack running for president on the Democratic ticket?