Dick's Sporting Goods skirts Newtown gun promise
The chain vowed to stop selling rifles like the AR-15 after the killings. That apparently doesn't apply to its new chain.
The retailer is opening a new subsidiary chain of stores, Field & Stream, to challenge big outdoor retailers such as Bass Pro Shops and Cabela's. To celebrate, Dick's sidestepped the vow it made to stop selling "modern sporting rifles" -- the industry term for military-style semiautomatic arms like the AR-15 that Newtown killer Adam Lanza used. Instead, it's stocking its new shops with a bevy of AR-15s and other similar weapons, according to The Firearm Blog.
The Huffington Post confirmed that AR-15s and modular rifles are available for purchase at the new Field & Stream store in Cranberry Township, Pa., though Dick's spokespeople say the company is still halting sales of those weapons at its 511 Dick's-branded stores nationwide.
In other words, Dick's is technically holding to the promise it made in the statement it released after the Newtown shootings:
"Out of respect for the victims and their families, during this time of national mourning we have removed all guns from sale and from display in our store nearest to Newtown and suspended the sale of modern sporting rifles in all of our stores chainwide."
In defense of Dick's, a publicly traded business is still a business, after all, and the firearms business is booming. Though current gun owners still make up the vast majority of sales, the demographic makeup of multiple-gun owners has expanded since the Newtown massacre and the deadly shootings at a movie theater in Aurora, Colo., last summer.
Yet recent revelations by rival Cabela's suggest that while gun sales are still healthy, the boom is just about over. Background checks are still near record levels, but they're steadily decreasing after a federal gun bill died in the Senate and the nation's memory of recent shootings faded.
Admittedly, it's tough to open an outdoor sporting goods chain and not carry one of your biggest competitors' most popular items. With that in mind, even as Newtown's own citizens have mixed reactions to the killings in their town, finding loopholes around a promise to customers isn't exactly a strong business plan. If a company wants to sell AR-15 rifles, it should just say so.
I only shop at sporting goods stores that support the second amendment and offer firearms, reloading equipment, and other gun related equipment.
they said they would "suspend" sales, they never said it was to be permanent.
I thought Lanza did not use the AR-15, or am I wrong ?
I saw the grand opening........traffic backed up for miles here..........
Madmen should not dictate politics or affect what businesses sell.
Even Wall Mart now has AR 15's so Dicks had to follow suit
down here in Okeechobee FL
Copyright © 2013 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by Morningstar Inc.
A basic income policy can actually ensure a decent standard of living for everyone.
- People left $500,000 in coins at airports last year
- How your driving can affect your credit
- Obamacare projected to cost hundreds of billions less
- November jobs report: Winners and losers
- Student loan debt climbs for 5th year in a row
- Wall Street finally notices Bitcoin
- Part-time workers hurt by on-call system
- 5 myths about late payments and your FICO scores
- Auto loan interest rates hit record low
[BRIEFING.COM] Not a great deal of change since the last update. The market has been in a slow fade for the last hour or so after running into technical resistance just above the 1811 mark.
In the next few hours, participants will be contending with Fedspeak.
Richmond Fed President Lacker (not an FOMC voter in 2013 or 2014) gets things started at at 12:50 p.m. ET with a speech that will contain his economic outlook. St. Louis Fed President Bullard (an FOMC voter ... More
More Market News
Shares of Twitter surged 73 percent jumping from an IPO price of $26. In the month since the stock price has gained five cents.