Wal-Mart to Stop Selling Semiautomatic Rifles, Citing Declining Demand -- Update
August 26 2015 - 4:20PM
Dow Jones News
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--a
category that includes firearms based on the AR-15 platform,
according to the National Shooting Sports Foundation-- 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.
The retailer has long held that it will carry products,
including firearms, to serve hunters and sportsmen, but it doesn't
sell items such as adult films, or music with explicit-lyric
warning labels or, outside of Alaska, handguns. Earlier this year,
it vowed to remove merchandise from its stores that depicted the
Confederate battle flag.
Wal-Mart has also faced pressure from shareholders to stop
selling these items. New York's Trinity Wall Street Church tried to
get the retailer to have shareholders vote on a resolution that
would have required Wal-Mart's board to review management decisions
to sell such weapons, as well as any other products that could harm
the company's reputation. Wal-Mart objected to the resolution,
saying the matter involved everyday business decisions.
The disagreement went to court and Wal-Mart prevailed in June
when a federal appeals court said the shareholder resolution didn't
have to be put to a vote.
Write to Paul Ziobro at Paul.Ziobro@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
(END) Dow Jones Newswires
August 26, 2015 16:05 ET (20:05 GMT)
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