Million Assault Rifles Destroyed by Dick's Sporting Goods, CEO Says

Customers enter a Dick's Sporting Goods retail location on Nov. 16 2013

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.

Dick's lost $250 million in sales by halting sales of assault rifles in its more than 700 locations after the school shooting in Parkland, Fla.

Stack said the decision to stop selling guns has cost the company almost $250 million.

Even though it wasn't the weapon used in the shooting, that largely impacted the company's actions.

"It's my honor to present Ed Stack with this award, and to celebrate the integrity and courage he has shown in taking on what we in Pittsburgh know to be one of the most important fights of our time - protecting our neighborhoods, schools, places of worship and all public places from the gun violence epidemic", said Peduto said in a June press release.

Other stores are also grappling with gun sales following mass shootings across the country.

Since making that decision, Stack has continually advocated for some gun control measures, although he is a gun owner and Second Amendment supporter, he said.

In his new book and in an interview with "CBS News Sunday", Stack shared how the company turned the guns into scrap metal. "If we really think these things should be off the street, we need to destroy them, '" he added. "We just didn't want to sell the assault-style weapons that could inflict that kind of damage".

'All we were going to do was just take it off the shelf and not say anything, ' Stack said.

"We've got the whole category under strategic review", Stack said in the CBS interview. "And my response is, 'You're probably right, it won't".

'As a company, we experienced two horrific events in one week, and we will never be the same, ' he said, referring to the El Paso and OH shootings.

In March, the company ended sale of all guns and ammo at 125 of its stores. Walmart stopped selling AR-15s in 2015 and in August they made a decision to stop selling some types of ammunition.

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