DICK’S SPORTING GOODS LOST MILLIONS OVER ANTI-GUN POLICIES
Dick’s Sporting Goods took a loss of an estimated $150 million in sales last year after the company heavily restricted firearm purchases and began advocating for gun control.
The company made various policy changes after a school shooting in Parkland, Florida, left 17 dead. It announced it would no longer sell modern sporting rifles or high-capacity magazines and increased the purchase age for all firearms to 21.
Dick’s also hired anti-gun lobbyists to promote gun restriction legislation, despite saying it still supports the Second Amendment.
“The system does not work,” said Edward Stack, Dick’s CEO. “It’s important that when you know there’s something that’s not working, and it’s to the detriment of the public, you have to stand up.” (RELATED: Conservative Shareholder Grills CEO Of Dick’s Sporting Goods For Pushing Anti-Gun Propaganda)
The anti-gun shift made massive waves when it was first announced in February 2018 and Stack was accused of violating fiduciary duties by knowingly and purposely giving up money. Some gun manufacturers cut ties with Dick’s and the National Shooting Sports Foundation (NSSF) expelled the company from its membership. The loss of customers was also almost immediately felt.
https://dailycaller.com/2019/03/29/dicks-150-million-gun-sales/