Dick's Sporting Goods has destroyed $5 million of the chain's gun inventory, CEO Edward Stack says
After finding out that Dick's had sold the Parkland shooter a shotgun, CEO Edward Stack decided last year the company would no longer sell firearm to anyone under 21. Dick's announced it would destroy its inventory of weapons, rather than allow them to be sold by another retailer. Since then, about $5 million of the chain's gun inventory has been turned into scrap metal, Stack said in an interview with CBS.
The decisionStack told CBS the controversial decision cost his company about a quarter of a billion dollars in revenue.Dick's is not the only national chain to be grappling with gun sales. Walmart announced in September that it would reduce its gun and ammunition sales significantly, also requesting that customers no longer open carry guns into their stores, even in states that allow open carry. CNN's Chris Isidore contributed to this report.
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