Walmart will reportedly no longer sell military-style rifles and other semi-automatic weapons in any of its United States stores.
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“This product, being what it is, obviously gets a lot more attention, but the process Walmart is doing here is exactly the same as it would be if it were something on the grocery aisle”, Lundberg told NBC News.
“This is done exclusively on what customer demand was”, said Lundberg, confirming a report by business news website Quartz. He added that the rifle was sold in just a few of the 4,500 stores. “We have for a long time, and we believe we should continue to”, Walmart CEO Douglas McMillon said earlier this year.
“Our focus in terms of firearms should be hunters and people who shoot sporting clays, and things like that”, he said.
The inventory, which was only being sold at a third of Walmart’s US locations, includes AR-15 rifles which have been used in mass shootings such as the Sandyhook and Aurora massacres.
“It’s about what customers are buying and what they’re not, ” said Walmart spokesman Kory Lundberg on Wednesday, according to the Wall Street Journal”. Intel Corporation (NASDAQ:INTC) monthly performance stands at -4.95% while its year to date performance is -23.05%.
Federal law requires retailers to wait three days for a background check before selling a firearm.
Wal-Mart surprised some critics and supporters this year by taking a public stand in support of gay rights.
Wal-Mart recently came under pressure from New York City’s Trinity Church, an investor that was pushing for tighter oversight of its sale of guns with high-capacity magazines.
Despite initially declining an invitation to Obama’s ongoing talks about guns and gun control, Walmart representatives met with attorney general Eric Holder to discuss gun policy in 2013. Barclays cut their price objective on Wal-Mart Stores from $80.00 to $73.00 and set an equal weight rating for the company in a research report on Wednesday, August 19th. The church has not appealed, but officials said they are not ready to drop the lawsuit either.
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The recent shooting at the Elementary School in Connecticut and also at the movie theatre in Colorado featured the AR-15 in which 26 and 12 persons were killed respectively.
1 Comment on this Post
Jose Jiminez
“Other Products Wal-Mart Should Remove Besides Deadly Assault Rifles”
Try as I might I couldn’t fin where his was elaborated or expanded in the article. Maybe they meant baseball bats, tire chains, knives, etc which are all used to kill many more people annually than the entire subset of rifles (300/yr), of which AR-15s are just a small part