Dick’s Sporting Goods to ban sales of assault rifles, guns to anyone younger than 21
Dick’s Sporting Goods Inc. will no longer sell assault-style rifles, and it will bar sales of any firearm to anyone under 21 years of age, the sporting goods retailer’s chief executive, Edward Stack, said early Wednesday in an interview on ABC’s “Good Morning America.” Additionally, the company will no longer sell high-capacity magazines, Stack said in the interview. The move comes in the wake of the tragedy at a high school in Parkland, Fla., on Feb. 14, in which 17 people were killed. Dick’s, which had 719 stores across the U.S. at the end of its third quarter, has become the first major retailer to announce a plan to curtail firearm sales, although many major companies have cut promotional ties with the National Rifle Association. Dick’s Sporting Goods stock, and the shares of gun makers Vista Outdoor Inc. , Sturm Ruger & Co. and Smith & Wesson parent American Outdoor Brands Corp. , were all still inactive in premarket tradng. Dick’s stock has rallied 13.5% over the past three months, while the SPDR S&P Retail ETF has gained 5.4% and the S&P 500 has advanced 4.5%.
Source : MTV
