Did you know Dicks Sporting Goods lost 250 million by taking guns off the streets?
In February 2018, Dick's Sporting Goods, a major American sporting goods retailer, announced that it would stop selling assault-style weapons and high-capacity magazines. The company also said that it would destroy its current inventory of these products. This decision was made in response to the mass shooting at Marjory Stoneman Douglas High School in Parkland, Florida, which left 17 people dead.
Dick's Sporting Goods' decision was met with mixed reactions. Some people praised the company for taking a stand against gun violence. Others criticized the company for caving to pressure from gun control advocates.
In the months following Dick's Sporting Goods' decision, the company's stock price dropped by 25%. The company also reported a loss of $250 million in sales.
Related Questions:
- Why did Dick's Sporting Goods stop selling assault-style weapons?
- To take a stand against gun violence.
- How much did Dick's Sporting Goods lose in sales after making this decision?
- $250 million.
- What was the public reaction to Dick's Sporting Goods' decision?
- Mixed.
- Is Dick's Sporting Goods still in business?
- Yes.
- What are some of the products that Dick's Sporting Goods sells?
- Athletic shoes, clothing, equipment, and accessories.
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