Dick's CEO says company destroyed $5M worth of assault rifles

Dick's Sporting Goods CEO brags about turning $5 million worth of rifles into scrap metal

Dick's Sporting Goods CEO brags about turning $5 million worth of rifles into scrap metal

The CEO of Dick's Sporting Goods, one of the largest firearms retailers in the United States, says the company destroyed a massive trove of assault-style rifles to keep them out of private hands in 2012.

"I said, 'You know what?"

"If we really think these things should be off the street, then we need to destroy them", Stack said in the interview.

America's close ties with the right to bear arms has proven a hot topic for citizens and corporate entities alike.

"About a quarter of a billion", Mr. Stack said when asked how much the company lost during a CBS interview aired Sunday.

Since the massacre in Parkland, corporations have responded to the public's growing demand for gun control measures. A number of merchants set more rigorous rules on firearm sales, and others pulled away from deals with the National Rifle Association, which argued that restricting gun purchases wouldn't make Americans safer.

Stack details his thought process behind his stand on guns in a book coming out Tuesday, "It's How We Play The Game: Build a Business". "It's just, it's ridiculous".

"So many people say to me, you know, 'If we do what you want to do, it's not going to stop these mass shootings, '" said Stack. Stack said the retailer is considering extending pulling guns from all stores.

"We didn't expect to get what we got", Stack said. The company, which his father started as a fish-and-tackle shop in 1948, has sold guns since long before Stack started working there in 1977.

The 2018 mass shooting at Marjory Stoneman Douglas high school in Parkland, Fla., led to Stack making even stricter changes to the gun selling policy.

Just a day before that shooting, a gunman opened fire at a Walmart in El Paso, Texas, killing 22 people and injuring 24 others.

Last month, Walmart announced that it will stop selling ammunition for assault rifles and handguns and will ban customers from openly carrying firearms inside across its 4,177 stores.

In March, the company ended sale of all guns and ammo at 125 of its stores.