Cost Of Gun Control: Dick’s Sporting Goods Takes $150 Million Loss
Dick’s Sporting Goods took a hard Communist stance against guns in the wake of the school shooting at Majorie Stoneman Douglas High School in Parkland, Florida. Since then, Dick’s has lost over $150 million, but the CEO is ok with it.
In the midst of the retail apocalypse, Dick’s CEO Ed Stack has decided it isn’t important to make money, it’s only important to be a flamboyant leftist. According to a Bloomberg report, that Dick’s lost about $150 million after the company publically came out for gun control, yet Stack continues to stand his ground. He addressed America’s gun policy, saying, “The system does not work. It’s important that when you know there’s something that’s not working, and it’s to the detriment of the public, you have to stand up.”
But Stack should probably not be too comfortable with a loss of $150 million. The retail apocalypse is upon us, and Dick’s could now be in the crosshairs, and they’ll probably be upset that that terminology was used. On April 17, 2018, Breitbart News reported that Dick’s would not be sending the unsold “assault rifles” and “high capacity” magazines back to manufacturers. Rather, they would destroy them wasting millions of dollars.
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“Thoughts and prayers are not enough,” the company said in a statement. “We support and respect the Second Amendment, and we recognize and appreciate that the vast majority of gun owners in this country are responsible, law-abiding citizens. But we have to help solve the problem that’s in front of us.”
So they intend to destroy guns that good people would never use to harm anyone unless a self-defense situation warranted it. That’s like castrating yourself because your neighbor has too many kids. But no one has ever accused a gun control activist of using logic. –SHTFPlan
The result of the decision to pull the guns from the shelves and destroy them has resulted in a monetary loss that’s massive and noticeable. In the era of the “retail apocalypse,” look for this retailer to be added to the list of those closing stores or liquidating in 2019.
Contributed by Mac Slavo of SHTFplan
