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

Index Last Change % Change
Dow 16,129.57 -245.19 -1.50%
Nasdaq 4,693.05 -40.45 -0.85%
S&P 500 1,925.25 -25.88 -1.33%
Treasuries 2.14 -0.03 -1.43%
Data as of 11:30am ET
Company Price Change % Change
Bank of America Corp... 15.62 -0.32 -2.02%
Apple Inc 109.23 -1.14 -1.03%
Alcoa Inc 9.50 -0.06 -0.68%
Facebook Inc 87.19 -0.96 -1.09%
Netflix Inc 98.60 -2.46 -2.43%
Data as of 11:15am ET
Sponsors

Sections

The Force wasn't the only thing to awaken just after midnight on September 4. Cash registers sprang into life as fans flocked to buy new products tied to the latest Star Wars move. More

U.S. economy added 173,000 jobs in August, which while healthy, may not be enough for a rate hike from the Federal Reserve. More

Google has released Chrome 45, which claims to make your browser faster and give your laptop battery extra life. More

The BauBax travel jacket, with 15 built-in features, needed $20,000 on Kickstarter, but got $9 million. More

Pimco's famous fund once managed by star manager Bill Gross has less than $100 billion in management for the first time since 2007. More