Dick’s CEO Says Anti-Gun Policy Created ‘Quarter-Billion Dollar’ Loss
Dick’s CEO Says Anti-Gun Policy Created ‘Quarter-Billion Dollar’ Loss
One of those brands was Dick's Sporting Goods, a national retailer with a substantial presence in the both the hunting and shooting markets, which has now lost about $250 million after taking a stance less than two years ago.
CEO Ed Stack decided not only to stop selling certain guns and to hire lobbyists to push for stricter gun-control policies, but he also chose to stop selling firearms to customers under the age of 21 and had the company destroy $5 million of rifle inventory.
