Business Dick's Sporting Goods destroyed $5 million worth of assault weapons - It's better capitalism guys

YooA

kiwifarms.net


Dick's CEO Ed Stack

Key Points:
  • Dick's banned assault weapons from its signature big box stores in 2012 following the Sandy Hook massacre.
  • Dick's Sporting Goods destroyed $5 million worth of assault weapons in 2018
  • Stack said that if Dick's decided to sell off the remaining guns or send them back to the manufacturers, the result would be the same: the firearms would "end up back out on the street." (...wut?)
  • Business is good
    Article
    Dick's Sporting Goods destroyed $5 million worth of "assault-style rifles," semi-automatic rifles like the AR-15, last year after it stopped selling them at all of its stores.

    "We had a fair amount invested in these guns," Dick's CEO Ed Stack told Business Insider on Tuesday. The company announced last April that it destroyed the guns it no longer sold, but Stack only just now disclosed the value of the destroyed guns in his new book, "It's How We Play the Game."

    In the wake of the 2012 Sandy Hook massacre (which left 26 people, including 20 children, dead), Dick's stopped selling assault weapons at its big box stores across the country. But it continued to sell the AR-15 and similar rifles at its Field & Stream hunting and fishing specialty stores. After the Stoneman Douglas High School shooting in Parkland, Florida, in February 2018 left 17 dead, Stack decided Field & Stream would follow Dick's lead. As the largest sporting-goods retailer in the United States, its commitment was a big deal for the industry.

    Stack told us he had the option to send the weapons his store removed back to the manufacturer for a refund between 80% and 85%. Another possibility would be to quickly liquidate the merchandise through discounts. Neither choice aligned with the company's intentions. "We're in this meeting and I said, 'We can't do that,'" Stack said. "We think these guns should be outlawed. We think that the ban that was in place between 1994 and 2004 should be reinstated."

    Stack said that if Dick's decided to sell off the remaining guns or send them back to the manufacturers, the result would be the same: the firearms would "end up back out on the street." "I said, 'The only thing we can do with them is destroy them,'" Stack said. "So that's what we did. We destroyed them all." Stack is an advocate for reinstating the Federal Assault Weapons Ban, which was in effect from 1994 to 2004. That bill gave legal weight to the term "assault weapon," which included semi-automatic rifles like the AR-15, which is what Stack removed from his stores.

    Adjusting to the blowback

    Stack told us that as key players in the gun industry turned against his company, he had to rethink his business. The stock was largely unaffected by the decision, but he needed to adjust the company's growth plan if a sector of its business would dwindle. "So we said, 'OK, if this is the way it's going to go, how do we re-engineer our business?'" he said.

    To date, Dick's has sold eight of its hunting-oriented Dick's Field and Stream stores off to Sportsman's Warehouse.

    The sporting goods company also put its hunting business under a "strategic review." In the fourth quarter of last year, Dick's removed its hunting inventory in 10 stores, "just to see what would happen." It compensated by upping the volume of market-specific bestsellers, like "outerwear, licensed merchandise, and baseball gear," for the Boston store, as Stack noted in his book.


    The result: "They've significantly outperformed the rest of the company." Hunting has been among the least profitable sectors for Dick's, Stack said, and the customized approach to different markets was a success. Dick's followed suit with 125 more stores this past spring.

    "We actually think this is going to be a bit of a blessing in disguise," Stack said.

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    End of Article
    This is not a new story, Dick's banned assault style guns in 2012, and destroyed them last year. However, just recently it was revealed the value of the inventory destroyed, which is why its back in the news. It's technically old news but I saw no threads discussing Dick's banning and destruction of firearms.
 

Justtocheck

kiwifarms.net
At last, some good news I don't ironically make fun at. Americans are so obtuse when it comes to gun control. All I hear from the gun crowd is "Duhhr... It's not the tool. You can kill someone with a hammer or a baseball bat, and they are legal. The AR is no different."

My goodness, an AR is a tool that can kill 40 people in less than 2 minutes (christchurch) and is easily hideable. You basically chose to endager the population so big gun corporations can make a killing. Not only in guns but all it's accesories Burgers love. Especially if they all come in XXXL.

At this point, Burger's are so idiotic when it comes to gun logic that I hope the wall gets done soon. It will protect all of Central and South America from you gun tooting exceptional individuals.

Oh, by the way, have fun watching your back in the movies every time an edgy, dystopic flick comes out. Get the latest chest plates. Support your local bussiness.
 

Vecr

"nanoposts with 90° spatial rotational symmetries"
kiwifarms.net
At last, some good news I don't ironically make fun at. Americans are so obtuse when it comes to gun control. All I hear from the gun crowd is "Duhhr... It's not the tool. You can kill someone with a hammer or a baseball bat, and they are legal. The AR is no different."

My goodness, an AR is a tool that can kill 40 people in less than 2 minutes (christchurch) and is easily hideable. You basically chose to endager the population so big gun corporations can make a killing. Not only in guns but all it's accesories Burgers love. Especially if they all come in XXXL.

At this point, Burger's are so idiotic when it comes to gun logic that I hope the wall gets done soon. It will protect all of Central and South America from you gun tooting exceptional individuals.

Oh, by the way, have fun watching your back in the movies every time an edgy, dystopic flick comes out. Get the latest chest plates. Support your local bussiness.
Okay, that's not the point though.


A Mini-14 is no less effective then a AR-15 compatible rifle.
 

inexplicable ethos

kiwifarms.net
Even before this whole thing where they decided to stop selling """"assault rifles"""", I didn't know anyone who actually shopped at Dick's. Everyone goes to Cabela's or maybe Scheels, or just a local gun store. They probably just weren't selling through inventory because they were trying to sell PSA rifles at Colt prices, and figured they may as well try to get some woke points since they weren't making money on AR sales anyway.

Destroying guns is gay as shit though. They don't even turn them into anything useful, just scrap aluminum and steel and any wood probably gets pulped for HDF. What a waste.
 

YooA

kiwifarms.net
All I hear from the gun crowd is "Duhhr... It's not the tool. You can kill someone with a hammer or a baseball bat, and they are legal. The AR is no different."

My goodness, an AR is a tool that can kill 40 people in less than 2 minutes (christchurch) and is easily hideable.
I think you may be missing the main thrust of the gun advocates arguments. The point being very few people are killed by these specific weapons in relation to the total population and the total number of murders. If the general level of violence in your community is very high, banning the "tool" doesn't solve the underling problem of where the violence is coming from. The problem with the gun control crowd is they never seem to talk about causes of violence.
 

the autist of dojima

6 words, enought to derail anything you post
kiwifarms.net
At last, some good news I don't ironically make fun at. Americans are so obtuse when it comes to gun control. All I hear from the gun crowd is "Duhhr... It's not the tool. You can kill someone with a hammer or a baseball bat, and they are legal. The AR is no different."

My goodness, an AR is a tool that can kill 40 people in less than 2 minutes (christchurch) and is easily hideable. You basically chose to endager the population so big gun corporations can make a killing. Not only in guns but all it's accesories Burgers love. Especially if they all come in XXXL.

At this point, Burger's are so idiotic when it comes to gun logic that I hope the wall gets done soon. It will protect all of Central and South America from you gun tooting exceptional individuals.

Oh, by the way, have fun watching your back in the movies every time an edgy, dystopic flick comes out. Get the latest chest plates. Support your local bussiness.
Dont you have some cuckhold porn starring your daughter, mohammed and your wife to watch bong?
 

Human Flesh

Actually an android wearing imitation human skin
kiwifarms.net
Ed Stack is worth what, a round billion now? Down from 1.2B so he can afford to cover his losses. Still hugely stupid, but nothing new for New Yorkers.
Yes he can afford some loss and no on the NY bit. I mean how many Jew Yorkers actively go with the unpopular opinion (I'm assuming people there are more gun than anti gun ppl) and lose money purposely?
 

Justtocheck

kiwifarms.net
The problem with the gun control crowd is they never seem to talk about causes of violence.
Fair enough.

Sooo... because of a group of lefties that don't like to talk about how niggers and drug addicts commit crime the goverment should allow the sale of extremely dangerous weaponry to every micropenised incel with a boner for Columbine?

See... that's a bit of a Burger logic in my eyes. Eyes that are still in my head because a a 5.56 didn't go through them while I was in College.
 

YooA

kiwifarms.net
Fair enough.

Sooo... because of a group of lefties that don't like to talk about how niggers and drug addicts commit crime the goverment should allow the sale of extremely dangerous weaponry to every micropenised incel with a boner for Columbine?

See... that's a bit of a Burger logic in my eyes. Eyes that are still in my head because a a 5.56 didn't go through them while I was in College.
Your use of strawman arguments and colorful language suggest you lack confidence in your position. There are many causes of violence in our society. I'm concerned about all of them.
 
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