Our Terms of Service and Privacy Policy have changed.

By continuing to use this site, you are agreeing to the new Privacy Policy and Terms of Service.

Wal-Mart brings guns back

wal-mart, gunsAfter sharply cutting back on the number of stores that sold guns in 2006, Wal-Mart says they'll be available again in about half its stores. By Parija Kavilanz, senior writer

NEW YORK (CNNMoney) -- Wal-Mart said Thursday that it is bringing guns back to many of its U.S. stores in an effort to lift slumping sales.

In 2006, Wal-Mart (WMT, Fortune 500), the world's largest retailer stopped selling guns in the majority of its stores, blaming slow demand for those types of firearms.

Wal-Mart currently sells rifles, shotguns and ammunition in about 1,300 stores in the United States.

Those firearms will now be available at about half of Wal-Mart's 4,000 stores.

The retailer doesn't sell handguns in any of its stores, other than in Alaska.

After suffering seven straight quarters of falling sales, Wal-Mart says that it is adding more merchandise variety to stores and becoming more aggressive on prices versus its competitors.

Reintroducing guns is part of the retailer's push, Wal-Mart spokesman Lorenzo Lopez said.

Lopez said Wal-Mart is focusing on stores in areas where hunting and fishing are popular activities.

'We realized there is broader appeal for guns in some areas because of sporting needs," said Lopez.

He also said that the majority of the firearms sold at Wal-Mart are made in the United States.

Lopez said consumers will have to complete appropriate forms and background checks before they can buy guns at Wal-Mart. To top of page

Search for Jobs

Index Last Change % Change
Dow 18,223.03 77.32 0.43%
Nasdaq 5,309.83 52.43 1.00%
S&P 500 2,151.33 10.17 0.47%
Treasuries 1.76 0.02 1.32%
Data as of 1:22am ET
Company Price Change % Change
AT&T Inc 36.86 -0.63 -1.68%
Bank of America Corp... 16.77 0.10 0.60%
Chesapeake Energy Co... 6.36 -0.32 -4.79%
Microsoft Corp 61.00 1.34 2.25%
Time Warner Inc 86.74 -2.74 -3.06%
Data as of Oct 24


One of the clear messages from Consumer Reports dependability survey was that cars that have recently been totally redesigned tend be less dependable. More

Stocks are widely expected to drop close to 10% if Trump wins the presidency. But even if Clinton wins, stocks could still sell-off the day after the election. More

Microsoft is raising prices in the U.K. by whopping 22%, in response to the collapsing value of the pound. More

The University of Illinois partnered with Coursera to launch one of the most affordable online MBA programs yet. More