Dick’s Disses Gun Owners, Sales and Stock Prices Drop

By Dean Weingarten

Arizona -(Ammoland.com)- Dick’s Sporting Goods took the politically correct route to placate media pushed gun control after the mass murder in Florida. They banned the sale of the popular AR-15 type rifles and said they would refuse to sell rifles to people under 21 years old. Federal law requires that gun dealers not sell rifles and shotguns to people less than 18 years old. It wasn’t the first time the controversial chain had put political correctness ahead of stockholders and customer.

The CEO of Dick’s Sporting Goods said he’s forging ahead with his new gun sales policy, even though he expects to lose customers.

“There’s going to be some pushback and we expected that,” said CEO Edward Stack, in an earnings call with Wall Street analysts. “There are going to be the people who don’t shop us anymore for anything.”

A couple of weeks later, sales have dropped, and so has Dick’s stock price. Fortune magazine says that the drop in stock price should not be assumed to have anything to do with the store’s decision to anger a significant …Read the Rest

Source:: AmmoLand