Dick's Sporting Goods to eliminate gun, hunting departments in 440 stores

  • 📰 YahooNews
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 59%

Business Business Headlines News

In its quarterly stock earnings report, Dick's Sporting Goods said it will close hunting and gun departments in 440 stores nationwide.

Dick's Sporting Goods will remove hunting departments from 440 more stores nationwide, continuing a program that began last year when the category was eliminated from 125 stores.

Company Chief Executive Ed Stack has been a staunch advocate of stricter gun control measures since the mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida, which left 17 dead. Immediately after the shooting in February 2018, Stack halted the sale of assault-style rifles at his stores nationwide and raised the minimum age for gun purchases to 21.

Despite the boycott calls, Dick's reported its best quarter in years last November, and said Tuesday that same-store sales, a measure of retailer health, rose a healthy 3.7%. Stack has long said gun and hunting departments are low-margin businesses. In stores where the category was removed, the space was filled with higher-margin apparel departments.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

The hunting department is the only reason I go into Dick's Sporting Goods stores.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 380. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dick's Sporting Goods will stop selling guns at 440 more storesDick's Sporting Goods will stop selling guns at 440 additional stores this year, escalating the company's methodical elimination of firearms from its stores. Thank you Dick Sporting Goods🤗 No Dick’s around here, that’s okay. Several others sell guns👍 Going now out to the shooting ranch for a good old shoot with a good old 'assault rifle' just in honor of DICKs
Source: CNN - 🏆 4. / 95 Read more »

Dick's Sporting Goods is pulling guns from another 440 stores this year, shares jumpDick's Sporting Goods made the announcement as it reported holiday-quarter earnings and sales that surpassed analysts' estimates, as more people flocked to its stores for athletic footwear and apparel. The dynamic in that store has changed so much from day 1. They arent even a go to for most sporting goods anymore. Its a clothing store now. Awesome reason not to shop at Dicks.
Source: CNBC - 🏆 12. / 72 Read more »