Will Loss of NRA’s 5 Million Members Hurt Companies Severing Relationships?

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
Will Loss of NRA’s 5 Million Members Hurt Companies Severing Relationships?

© Thinkstock

Some large corporations have ended their relationships with the National Rifle Association in the wake of its reaction to the shooting at the Marjory Stoneman Douglas High School in Parkland, Florida, which left 17 people dead. The NRA has about 5 million members, according to its own estimates, so the effects on the companies that were former partners likely will be small.

The 5 million members figure was posted in a letter from the NRA on July 17, 2017. The comments were in reaction to a Pew Research survey about gun ownership levels, and NRA membership levels in particular. The 14 million Pew figure was too high, according to the NRA.

Among the companies that have ended relationships with the NRA are Delta Air Lines, United Continental, Hertz, MetLife and Chubb.

The NRA offers discounts for products and services provided by its corporate partners. At any one time, it is not likely many of the 5 million members are taking advantage of most of the offers. The products and services do have price tags, despite the discounts. Members can get the same products and services directly from the companies. NRA members who fly Delta probably will not stop flying Delta because of the loss of a discount. The same holds true of the NRA customers of most of the other former corporate partners.

[nativounit]

It is also possible some people will begin to use the products and services of these companies to support the decision to end their relationship with the NRA.

What could the former NRA partners lose in terms of customer count as they severe relationships with the NRA? Hundreds of thousands of customers? That means a huge number of NRA members use the discounts these companies offered. And it means they will end their relationship with the companies, as per the Delta example. Tens of thousands of lost customers? Even this number seems high.

The end of NRA sponsorship relationships could cost former partners thousands of customers. However, those companies have millions of customers who have no relationship to the NRA.

Quitting the NRA is absolutely necessary for companies that do not believe they can ethically support the organization. However, the cost is very small.

[wallst_email_signup]

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618