Dick's Sporting Goods Destroys $5 Million Worth Of Weapons

Dick's Sporting Goods Destroys $5 Million Worth Of Weapons

CEO Ed Stack said that, after deciding not to sell assault rifles, his company has destroyed about $5 million worth of the firearms from their inventory instead of choosing to return them to manufacturers.

The National Rifle Association tweeted an article written by right-wing publication Breitbart and wrote: "Dick's Sporting Goods CEO Ed Stack told CBS News that his company destroyed $5 million worth of "assault-style rifles" to keep them out of private hands".

When asked how much he estimated he'd lose following the decision to stop selling to people under 21, Stack said "a quarter billion dollars", or $250 million.

"We found out we sold this kid a shotgun and I said, 'We're done, '" Stack said on CBS of the then-19-year-old alleged shooter.

Despite the blow to business, Mr. Stack said he is weighing pulling all firearms from store shelves. Dick's Sporting Goods Chief Executive Edward Stack discussed the move during a CBS News appearance to promote his new book, "It's How We Play the Game". "But if we do these things and it saves one life, don't you think it's worth it?'" Walmart announced four years ago that their stores would no longer sell those type of weapons and after a mass shooting in one of its stores in El Paso in August, would no longer sell the ammunition for it as well.

Stack said he became even more concerned after he heard the Parkland shooter had purchased a shotgun at Dick's.

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"We thought we'd get a little bit of a backlash, but we didn't expect to get what we got".

Dick's Sporting Goods isn't the only store no longer selling assault-style rifles. "That's when I said, 'We're done'".

"My response is: 'You're probably right, it won't, '" Stack told CBS.

'As a company, we experienced two horrific events in one week, and we will never be the same, ' he said, referring to the El Paso and OH shootings.

Other companies have jumped on board.

Walmart said at the time that the company will also stop selling handguns in Alaska, the only state where it sells them.

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