Edward Stack Is a virtue signaling twat that destroyed shareholder value. They should fire him as CEO.
After finding out that Dick’s had sold the Parkland shooter a shotgun, they destroy their inventory of an altogether different gun.
Industrial Strength Stupidity
Many of us will never buy from them.
Colt stopped manufacturing AR-15’s because there are too much stock. What Dick’s did must be music to Colt’s ears. They might be back in production earlier thanks to this boneheaded move that hurts noone but Dick shareholders.
Edward Stack is lying.
The IRS should rule that any company that deliberately destroys its own merchandise due to other than health reasons should not be able to write off the loss on their taxes.
Okey dokey. If they want to trash millions of their own money and merchandise, let them.
So I hear. About 10x already.
Look, it's their property. They can destroy it if they like. Who else does it really effect besides them? There's a glut right now anyways.
Reminds me of BLM and Aunt Tifa burning down their neighborhoods to "get back" at someone else.
Have at it, morons..
'Cept in this case, it's like Doritos. They'll make more.. d;^)
Avoiding that store after a couple visits was a habit long before they went full left rudder on firearms. Never found anything which wasn’t significantly overpriced, with snotty staff thrown in for good measure. They have therefore not lost my business. They’ve just insured I’ll never reconsider, having made the correct decision years ago.
This simply doesn’t sound right. Who turned these things into scrap metal (what company)? Did that company have an FFL to accept these rifles? I would bet the ATF would like some confirmation on that. Lets say each rifle is 1500 bucks, that comes out 3333 rifles (based on the 5mil quote)supposedly destroyed. Don’t think the ATF would be interested in checking into THAT?
If I were a stockholder I’d be pissed that they wantonly destroyed capital material. But I’m not a stockholder, so by destroying these guns, they are creating a manufacturing need for more guns that can be sold in friendlier outlets.
Thank you, Dicks, for creating a need for more gun manufacturing.
That means the gun manufacturers had to make 5 million more dollars worth of weapons to get back into the market...Everybody wins, except Dicks...
Stack is the son of the founder and probably bulletproof as far as his job is concerned. The answer to him is don’t shop at Dick’s Sporting Goods.