Dick’s Sporting Goods CEO Says His Anti-Gun Crusade Has Cost the Company a Quarter Billion Dollars
After the Parkland shooting, Dick’s Sporting Goods CEO Ed Stack made a very big show of being a pro-gun control advocate by announcing that he refused to sell any more AR-15’s from his stores. He even began launching campaigns to promote AR-15 bans.
Sure enough, the move cost him dearly.
While appearing on CBS Sunday Morning, Stack mentioned just how much the company had lost thanks to Stack’s virtue signal.
“About a quarter of a billion,” Stack replied. “Pretty close.”
Stack said that he had anticipated losing that much money, including the $5 million worth of AR-15’s he destroyed within his company’s inventory.
“I said, ‘You know what? If we really think these things should be off the street, we need to destroy them,’” he told CBS about the move.
According to Stephen Gutowski at the Washington Free Beacon, Stack’s expectations that he would lose a lot of money thanks to the company’s stance under his leadership was something he had factored in:
That is consistent with Stack’s previous statements on the losses associated with his decision. In the company’s 2018 annual report, he wrote that gun sales were a “sizeable part” of Dick’s business and that his push for the company to support new gun control laws significantly hurt that business. However, this did not make him reconsider his decision to use company resources to lobby for gun control and to remove certain guns from stores.
“The hunting category is a sizeable part of our business; however, there has been an overall slowdown in sales in this category since the announcement of our new firearms policy,” the annual report read. “Despite this, we continue to believe that implementing this new policy is the right decision for our athletes and our communities. In fact, if we could go back and revisit it, we would still make the same choice today.”
While gun sales have been down overall, they’re recently beginning to shoot back up thanks to Democrats targeting guns, such as Robert “Beto” O’Rourke’s “hell yes we’re going to take your AR-15” comment. This is likely going to cause a bigger dent in the company’s bottom line.
Stack has indicated that he’s thinking about pulling the company away from any gun sales whatsoever. How this will affect the company remains to be seen, but it’s likely that it won’t end well.
The post Dick’s Sporting Goods CEO Says His Anti-Gun Crusade Has Cost the Company a Quarter Billion Dollars appeared first on RedState.
Source: https://www.redstate.com/brandon_morse/2019/10/09/dicks-sporting-goods-ceo-says-anti-gun-crusade-cost-company-quarter-billion-dollars/
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).
Stack is a pie eyed ELITIST traitor that wouldn’t know his head from beto’s bungus. Guess you could say he’s a ‘betophile’. He wants you to beat your sword into plowshares so you can do the plowing and they can keep the shares!
DICKS can keep on ROTTING.
By the time these demented idiots figure out that “THEY” are the bad guys, they’ll have the devil’s own pitchfork up their collective bum.
But then, they’ll probably think it’s heaven.