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

Frontline troops push for solar energy
The U.S. Marines are testing renewable energy technologies like solar to reduce costs and casualties associated with fossil fuels. Play
25 Best Places to find rich singles
Looking for Mr. or Ms. Moneybags? Hunt down the perfect mate in these wealthy cities, which are brimming with unattached professionals. More
Fun festivals: Twins to mustard to pirates!
You'll see double in Twinsburg, Ohio, and Ketchup lovers should beware in Middleton, WI. Here's some of the best and strangest town festivals. Play
Index Last Change % Change
Dow 15,294.39 -12.78 -0.08%
Nasdaq 3,456.54 -6.76 -0.20%
S&P 500 1,649.52 -5.83 -0.35%
Treasuries 2.05 0.02 0.99%
Data as of 11:38am ET
Company Price Change % Change
Bank of America Corp... 13.26 -0.05 -0.41%
Hewlett-Packard Co 24.28 3.05 14.39%
Ford Motor Co 14.90 -0.07 -0.50%
Microsoft Corp 34.27 -0.34 -0.97%
Micron Technology In... 11.23 0.31 2.84%
Data as of 11:23am ET
Sponsors

Sections

Chrysler and Tesla spar over who has repaid help the automakers got from the federal government. More

New home sales up 2% in April, as the housing recovery continues to give a lift to the overall economy. More

Fan fiction, in which aficionados of existing books and movies write characters into new storylines, has long been popular fodder on Internet forums -- but stories based on copyrighted works are essentially impossible to sell. Amazon wants to change that with its new "Kindle Worlds" program. More

The Obamacare employer mandate forces businesses with 50-plus workers to provide insurance. But many keep getting that cutoff number wrong, saying it's 51. More

The tornado that struck the Moore, Okla., area Monday afternoon left an almost 2-mile wide path of destruction, flattening homes and businesses and taking at least 24 lives. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2013 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2013 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2013. All rights reserved. Most stock quote data provided by BATS.