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Home / Business / Dick & # 39; s Sporting Goods draws weapons and ammunition from 125 stores

Dick & # 39; s Sporting Goods draws weapons and ammunition from 125 stores



The company removed firearms and hunting supplies last fall as a test. The test went well and sales rose in these stores, Dick's said. As a result, the company decided to purchase weapons, ammunition and weapon accessories from another 125 outlets where sales of the goods were below average.

"It's about having productive spaces," said CEO Edward Stack on Tuesday to analysts. Stack said Dicks ( DKS ) will replace its firearms sections in stores with higher-margin sporting goods products that "promote growth".

The company's stock fell sharply this week after recording weak earnings. The shares fell by around 6% this year.

  A terrible school shooting was the last straw for the CEO of Dick's Sporting Goods

This is the retailer's latest move to reduce arms sales, even if total sales are lagging behind. Stack also hinted that Dick & # 39; s could remove more weapons from its stores in the future. The company operates more than 720 Dicks stores across the country.

"We see this as a multiyear initiative," he said. "If things go as expected, we'll likely have a couple of stores next year," Stack said.

Last February, the company said it would stop selling mass-produced weapons after mass shooting in a Parkland, Florida high school shooting. The minimum age for all arms sales has increased to 21, halting the sale of high capacity magazines containing a large number of semi-automatic weapons bullets.
Stack made the decisions when he learned that the teenager who had been assigned the parkland shoot had bought a shotgun from Dick. It did not matter to him that the weapon was not used in the attack.

"They know that everyone is talking about thoughts and prayers that go to them, it's great, it does not matter," he told CNN after the shoot. "We felt we had to take a stand and do that."

"I basically said, 'I do not care what the financial implications are,' he recently recalled to the WSJ CEO Council. [19659012] – Chris Isidore of CNN Business contributed to this report.


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