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Dick’s Sporting Goods pulls guns and ammo from 125 stores



The company removed firearms and hunting accessories from 10 stores last fall as a test. The test went well and sales grew in those stores, said Dick. Thus the company decided to extract guns, ammunition and accessories for firearms from another 125 stores where sales of the goods underperformed.

"This is going to have a productive space," chief executive Edward Stack told analysts on Tuesday. Stack Dick's ( DKS ) will replace sections of his firearms in those stores with sporting goods with a higher margin that can "drive growth" .

The company's shares fell sharply this week after returning sluggish gains. Shares fell by about 6% this year

  A horrible school shootout was the last straw for Dick's CEO Sporting Goods

This is the dealer's latest move to downsize his arms sales, even if overall sales have fallen behind. Stack also hinted that Dick could remove guns from other stores in the future. The company operates more than 720 Dick stores across the country.

"We consider this initiative as a multi-year initiative," he said. "If it's going well, we'd probably bring another batch of stores next year," said Stack.

Last February, the company said it would stop selling assault-style weapons after mass shooting in Parkland, Florida, in high school filming. He also raised the minimum age for all arms sales to 21 and stopped selling high-capacity magazines that contain a large number of semi-automatic weapon bullets.
Stack made decisions after learning that the teenager accused of Parkland shooting had bought a rifle in a Dick shop. He didn't care that the gun wasn't used in the attack.

"You know that everyone talks about thoughts and prayers that come to them: it's great, but it really doesn't do anything," he said. CNN after filming. "We felt we had to take a position and do this."

"In practice I said," I don't care what the financial implications are, "he recalled in a recent appearance on the WSJ's Governing Council. [19659012] – CNN Business "Chris Isidore contributed to this report.


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