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Guns Out of Stock at Wal-Mart as Magazine Prices Surge on

Posted By admin On December 20, 2012 @ 6:53 am In Money Watch | Comments Disabled

Matt Townsend
Bloomberg News [1]
Dec 20, 2012

With President Barack Obama endorsing sweeping gun restrictions in the wake of the school shootings in Newtown, Connecticut, prices for handgun magazines are surging on EBay (EBAY) and semi-automatic rifles are sold out at many Wal-Mart Stores Inc. (WMT) locations.

Wal-Mart, the world’s largest retailer, said yesterday that it would continue to sell guns, including rifles like the one used at Newtown, where 26 people, most of them children, were killed on Dec. 14. By contrast, Dick’s Sporting Goods Inc. (DKS)suspended sales of similar guns at its more than 500 stores.

Searches of five kinds of semi-automatic rifles on Wal- Mart’s website showed them to be out of stock at stores in five states, including Pennsylvania, Kansas and Alabama. Wal-Mart doesn’t sell guns online, instead asking customers to input a zip code to see if their local store carries a specific weapon.

“We remain dedicated to the safe and responsible sale of firearms in areas of the country where they are sold,” David Tovar, a spokesman for Wal-Mart, said yesterday. He didn’t immediately respond to a request for comment on this story.

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URLs in this post:

[1] Bloomberg News: http://www.bloomberg.com/news/2012-12-19/guns-out-of-stock-at-wal-mart-as-magazine-prices-surge-on.html

[2] Food Inflation Coming To A Household Near You, As Wal-Mart Hikes Prices At Fastest Pace Since Early January: http://www.prisonplanet.com/food-inflation-coming-to-a-household-near-you-as-wal-mart-hikes-prices-at-fastest-pace-since-early-january.html

[3] Sporting goods chain suspends sale of certain semi-automatic after shooting: http://www.prisonplanet.com/sporting-goods-chain-suspends-sale-of-certain-semi-automatic-after-shooting.html

[4] Is Wal-Mart Destroying America? 20 Facts About Wal-Mart That Will Absolutely Shock You: http://www.prisonplanet.com/is-wal-mart-destroying-america-20-facts-about-wal-mart-that-will-absolutely-shock-you.html

[5] Wal-Mart workers plan Black Friday walkout: http://www.prisonplanet.com/wal-mart-workers-plan-black-friday-walkout.html

[6] A Crack in the Great Wall-mart: Watch Out for Rising Prices from China: http://www.prisonplanet.com/a-crack-in-the-great-wall-mart-watch-out-for-rising-prices-from-china.html

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