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Grand Imperial Poobah
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https://www.breitbart.com/politics/2019/10/06/dicks-destroyed-5-mil-worth-assault-rifles-keep-them-off-street/

Dick’s Sporting Goods CEO Ed Stack told CBS News that his company destroyed $5 million worth of “assault-style rifles” to keep them out of private hands.

Dick’s announced a halt to “assault-style rifles” two weeks after the February 14, 2018, Parkland high school shooting.

On April 17, 2018, Breitbart News reported that Dick’s was destroying its “assault-style rifle” inventory, rather than returning the firearms to their manufacturers. Fox News quoted a spokesperson from Dick’s saying, “We are in the process of destroying all firearms and accessories that are no longer for sale as a result of our February 28th policy change. We are destroying the firearms in accordance with federal guidelines and regulations.”

During his October 6, CBS News appearance, CEO Ed Stack said the company ended up destroying $5 million worth of “assault-style rifles.”
Stack also admitted the Dick’s gun control stance has resulted in “a quarter of a billion [dollars]” in loses. But Stack does not regret the gun control stance. Rather, he is considering taking the company even further down the gun control path.

As of right now, 100 Dick’s stores no longer sell guns of any kind. Stack is thinking about expanding that policy so that no Dick’s store sells a gun.
They are living up to their name.
 
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Oh well, 5+ millon of how much they paid for them and then lost for revwnue for not selling.....fk them. Their decission has been showing in their profit margin and its detrimental. D!cks is a sinking ship and their "I feel good", " look at me ma, I got a sticker star on my refrigerator" move or in reality anti Constitutional agenda is showing this in their sales.

F d!cks, I nor my family will ever shop there due to their "feel good" / "heart warming" / anti Constitutional stance they took.
 

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Live Free
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Drove by the Dick’s store in Sioux Falls the other day...pretty much an empty parking lot. They are going to “feel good” right out of business from the looks of it. Half mile away, Scheels is bustling with business.
 

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Who needs them.
As far as I'm concerned they can trash 10 mil in guns.
They already paid the gun makers for them, they will just make more.
Just love the PC business model.
 

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I worked in publicly held companies for over 40 years mostly in senior executive positions.
Anybody that tossed out $5 million of stock, when you could have returned it to the manufacturer, would be instantly fired.

How does this guy have a job?

AFS
 

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Someone in Dick's upper mgmt must have something to gain from a decline in their business.

Alan
 

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Jesus Saves
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I do not go to Dicks....for years. I do have a hard time believing they have destroyed 5 mil in product. I would belief they salvaged the guns but to totally destroy and loose allot of revenue? No way!
 

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Any one taking wages on how long more will Dick's will be in business?

There is one about 5 miles from home, it is located in a major very busy shopping center, parking is quite difficult, the advantage of having this Dick's in the shopping center is that you always can find a parking space in from of the store. I wonder why.
 

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I worked in publicly held companies for over 40 years mostly in senior executive positions.
Anybody that tossed out $5 million of stock, when you could have returned it to the manufacturer, would be instantly fired.

How does this guy have a job?

AFS
At least they could have donated them to law enforcement - but then, neither the military or law enforcement actually want them because they 're NOT military weapons as the left would have us all believe.
 

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It's good publicity to say they destroyed them. At least they think so.
I'd be willing to bet. In reality. They sold them in South America or the Mexican Drug Cartels.
They ain't stupid.
 

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Can I PLEASE, OH PLEASE, attend one of their stockholder's meetings? HOW do you spin destroying 5 MIL of new,
high value, salable stock to your investors?
 
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