Is Dick’s Done With Selling Guns?

By Cam Edwards

AP Photo/Rogelio V. Solis, File

Dick’s Sporting Goods CEO Ed Stack will likely announce the retain chain is exiting the gun sales business completely on Thursday. CNN is reporting that Stack could make the announcement with the release of quarterly earnings reports, while noting the company has been examining the impact of leaving the firearms market for some time.

As a test, Dick’s last fall stopped selling all hunting gear, including guns, in 10 stores. It replaced the guns with other goods, such as apparel of a local sports team and other popular items.

The experiment was a success. “Those stores outperformed the balance of the chain pretty meaningfully,” Stack said.

Earlier this year, the company pulled the hunting business out of another 125 stores, leaving sales in about 600 stores. The company said it would study the impact on overall store sales at those 125 stores and complete its review by August. The company declined to comment on the status of that review ahead of Thursday’s earnings announcement.

I personally don’t know anybody who’s bought a firearm from Dick’s Sporting Goods since their decision in 2018to drop semi-automatic rifles and “large capacity” magazines while raising the age to …Read the Rest

Source:: Bearing Arms