Dicks sports articles test whether the weapon sales should be discontinued
"We had a conversation about it," said CEO Ed Stack to CNN Business earlier this year. "At the time, we felt that this was part of our DNA, and we should stick to it." "So many people in the country are law-abiding citizens who use firearms to hunt to use from a recreational standpoint it did not think so. " It was right to leave the business completely.
That may change, Dick & # 39; s, one of the country's largest arms dealers, silently tested whether to avoid the "hunting business," including firearms, and announces the results of the test on Thursday, when quarterly results are released.
After a wave of shootings ̵
1; including one on Aug. 3 in a Walmart store in El Paso – America is once again debating weapons control. "Texas The debate has a new one Audit of Legal Arms Sale Triggered  Walmart  ( WMT
) Announced Profits on Aug. 15, CEO Doug McMillon said the company supports stronger arms measures, though he did ceased to endorse a specific plan.
But Dick's was the mainstream retailer to date, the loudest public statement on arms sales a
Two weeks after the February 14, 2018, Parkland shots, Dick & # 39; s decided to stop selling assault rifles. It is often used for mass shootings and in high-capacity magazines that allow one person to fire more bullets without having to reload time. The age for the sale of firearms has been raised from 18 to 21 years.
Instead of selling his stock of assault rifles to another retailer, Dick's had the weapons destroyed. And it hired lobbyists to work on weapons security and control issues. The moves were praised by the opponents of gun control and angered by the gun fans. The game was likely to affect the sale of rifles, which Dick continued to sell. As a test, Dick sold no hunting equipment in 10 shops last fall, including weapons. It replaced the rifles with other goods, such as clothing of a local sports team and other popular items.
The experiment was a success. "These stores pretty much outperformed the chain's balance," Stack said.
Earlier this year, the company pulled out the hunting business from another 125 stores and sold in about 600 stores . The company announced that it would investigate the impact on total store sales at these 125 stores and complete the review by August. The company declined to comment on the status of this review before Thursday's earnings announcement.
The sale of firearms has generally been declining in recent years.
American Outdoor Brands ( AOBC ) Smith & Wesson's largest weapons manufacturer and manufacturer, reported that sales in the year ended April 2018 , down 33% year-on-year from a 5% increase last year. Storm Ruger & Co. ( RGR ) posted a 21% drop in sales in 2017 and another 5% decline last year. Other smaller arms manufacturers have also reported declines. Remington filed for bankruptcy in April 2018.
During President Barack Obama's term of office, fears that the government would cut arms sales boosted sales. But under President Donald Trump, who was elected with the support of the National Rifle Association, these fears have diminished – and with them, arms sales. The FBI's background checks on arms purchases, a measure of sales, fell 5% last year compared to 2016, the last year of the Obama administration.
"It's an OK business," Stack told CNN Business earlier this year. "It's not a good deal."