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Wal-Mart Brings Back Gun Sales
The move is just the latest sign that executives are returning to the company's roots after recent failed efforts to appear more upscale.
By InvestorPlace on Fri, Apr 29, 2011 8:19 AM
Wal-Mart (WMT) may be the world's biggest retailer, but that doesn't mean it has given up on growing. From planned grocery deliveries to inner-city residents to its recent purchase of a social-media company, there always seems to be something new in store.
The latest news, according to The Wall Street Journal, is that Wal-Mart will reload gun sales by cutting back on electronics floor space to make room for rifles, shotguns and ammunition at hundreds of U.S. stores.
But unlike previous failed efforts and some recent quirky initiatives, the return of guns and ammo is a return to Wal-Mart's roots -- something the company may sorely need.
Originally posted by Skewed
I wonder if they will sell American made guns like Colt, Remington, Smith & Wesson, or will they be selling cheap ass knock offs made in China.
Originally posted by Skewed
If I were an American gun manufacturer, heck, if I made any product and labeled it as Made in America I would not even consider supplying to walmart. I just could not stoop to that level.
Dear Sir, Something frightening occurred this Christmas past: I realized that everything under the tree---almost everything in my house, for that matter---was made in China! This is scary! There was one exception: a Henry rifle that Santa brought me. What outstanding quality! Thanks for "keeping it in the USA," and for making a product that I can pass along to future generations---long after that Chinese crap is in the landfill. You folks rock!"
Jim Quinlan
Originally posted by Skewed
If I were an American gun manufacturer, heck, if I made any product and labeled it as Made in America I would not even consider supplying to walmart. I just could not stoop to that level.
Stringer, De Blasio, Anti-Gun Advocates Call on Bloomberg to Reject Walmart
By David Freedlander April 28, 2011 | 2:29 p.m
A coalition of anti-gun advocates are calling on Mayor Bloomberg this morning to join them in rejecting Walmart's plans to expand to New York City in light of a report that the big box retailer is trying to increase its sales of guns and ammunition as a way to boost its bottom line.
As the largest seller of firearms and ammunition in America, Wal-Mart does not belong in New York City," said Public Advocate Bill de Blasio. "I urge Mayor Bloomberg to continue his leadership on gun control by joining the fight against Wal-Mart coming to our City." The advocates note that Walmart decision to expand its gun sales and expand into New York City come as the retailer has faced 7 consecutive quarters of same store sales decline. Five years ago, the store agreed to stop selling hunting rifles and bullets at all but a third of its stores.
UPDATE:
The Bloomberg administration passes along a statement pointing out that Walmart is actually a responsible gun seller since they go beyond the federal guidelines in order to insure that guns stay out of the hands of criminals and the mentally ill.
"With Congress and the Administration unable to put in place common-sense rules to keep guns out of the hands of criminals, drug addicts and the mentally ill, our coalition of Mayors Against Illegal Guns reached out to Wal-Mart, and the company voluntarily agreed to go above and beyond what federal law requires to prevent guns from falling into the wrong hands," said John Feinblatt, Bloomberg's chief policy advisor. "If every gun dealer in the country adopted Wal-Mart's approach, or if Congress required it, thousands of lives would be saved every year."
Originally posted by manta78
UPDATE:
The Bloomberg administration passes along a statement pointing out that Walmart is actually a responsible gun seller since they go beyond the federal guidelines in order to insure that guns stay out of the hands of criminals and the mentally ill.
"With Congress and the Administration unable to put in place common-sense rules to keep guns out of the hands of criminals, drug addicts and the mentally ill, our coalition of Mayors Against Illegal Guns reached out to Wal-Mart, and the company voluntarily agreed to go above and beyond what federal law requires to prevent guns from falling into the wrong hands," said John Feinblatt, Bloomberg's chief policy advisor. "If every gun dealer in the country adopted Wal-Mart's approach, or if Congress required it, thousands of lives would be saved every year."
Originally posted by Skewed
Now I am curious, just how does walmart alone accomplish this. What do they do differently?
April 29, 2011 Vol. 11, No. 118
By Eric Lichtblau - Los Angeles Times
WASHINGTON - Wal-Mart, the nation's biggest seller of guns, has quietly ordered its stores to adopt a tougher policy on gun sales that goes beyond the requirements of the federal government and is sure to provoke opposition from gun owners.
Wal-Mart executives, in an internal memorandum obtained by The Times, told store managers five weeks ago to stop selling firearms in cases where authorities were not able to determine whether the would-be buyers should be banned from owning a weapon.
Under federal law, if authorities cannot complete a criminal background check on a gun buyer within three business days, retailers are allowed to hand over the weapon even though the buyer's status is unclear. Nine states have more stringent standards, including California, where gun sellers must wait 10 days before completing a transaction. The company "decided to take the extra step toward keeping guns out of the hands of individuals who possibly ought not to have them," according to the memo.