Dick’s Sporting Goods will remove guns from 125 stores amid slumping sales

Mae Love
March 13, 2019

Dick's Sporting Goods will stop selling firearms at some of its stores in another move to tighten its policies surrounding firearms sales.

The retailer will drop hunting gear starting around August from about 125 stores where it is underperforming, Dick's Chief Executive Officer Ed Stack announced Tuesday.

Dick's previous year announced it would ban sales of assault-style weapons after the Parkland, Florida, school shooting and revelations that its shooter, Nikolas Cruz, had purchased a gun from a Dick's store. Dick's shares fell as much as 11 percent, the most since August 2017, to $34.45 in NY trading.

Dick's operates 729 stores in 47 states. The company's stock was down about 10 percent on Tuesday morning. The move follows the company's ban on assault-style weapons past year in the wake of the Parkland shooting.

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It was not immediately clear which stores would be affected, but Stack said firearms will be removed "in markets where the hunting category underperforms", according to The Wall Street Journal. It put restrictions on ammunition sales and discontinued the sale of military-style semi-automatic rifles and high-capacity magazines.

The company said it will also stop selling some of its hunting gear.

The company's 2018 revenue was down nearly 2 percent to $8.4 billion, a dip that Stack has attributed to slower firearm sales, a change in Under Armour's distribution strategy and a weak performance in electronics sales.

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