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Share Name | Share Symbol | Market | Type |
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Walmart Inc | NYSE:WMT | NYSE | Common Stock |
Price Change | % Change | Share Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
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0.00 | 0.00% | 58.85 | 0 | 01:00:00 |
By Paul Ziobro
Wal-Mart Stores Inc. will soon stop selling semiautomatic rifles, removing what have become politicized items from shelves for reasons the retailer says are purely business.
Wal-Mart, the nation's biggest seller of guns and ammunition, will eliminate AR-15s and other modern sporting rifles, spokesman Kory Lundberg said Wednesday. Instead, the retailer will carry more shotguns and other hunting weapons. Mr. Lundberg said the decision was based on shifting demand from shoppers. "It's about what customers are buying and what they're not," he said.
The change, reported earlier Wednesday by Quartz, comes as such semiautomatic arms, described by opponents as assault weapons, remain a flash point in the national gun debate that is faced with yet another high-profile shooting. On Wednesday morning, two television reporters were killed while conducting an interview in Moneta, Va.
Wal-Mart's decision to phase out modern sporting rifles was months in the making, Mr. Lundberg said. The changes are being rolled out to stores this week as Wal-Mart updates its sporting goods sections for the fall season. The guns Wal-Mart are removing are sold in less than a third of its 4,500 U.S. stores.
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(END) Dow Jones Newswires
August 26, 2015 15:34 ET (19:34 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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