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 17,098.45 18.88 0.11%
Nasdaq 4,580.27 22.58 0.50%
S&P 500 2,003.37 6.63 0.33%
Treasuries 2.34 0.01 0.39%
Data as of 4:45am ET
Company Price Change % Change
Bank of America Corp... 16.09 0.08 0.50%
Apple Inc 102.50 0.25 0.24%
Intel Corp 34.92 0.27 0.78%
General Electric Co 25.98 -0.03 -0.12%
Microsoft Corp 45.43 0.00 0.00%
Data as of Aug 29

Sections

Union organizers say that fast food workers will strike in more than 150 cities on Thursday. Workers want a $15 minimum wage and protection from retaliation by employers. More

Gas prices are falling to nearly $3 a gallon in some parts of South Carolina, and that will soon be common in much of the country. More

Xiaomi is beating Apple and Samsung in China and 'selling a dream' as it bids for world smartphone domination. More

The Coolest Cooler is the most successful Kickstarter campaign in the site's history, raising $13.3 million from over 62,000 backers. More

Five CNNMoney readers share stories about saving that you can learn from: What they would do differently if they had another chance. More

Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer Morningstar: © 2014 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 © 2014 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. 2014. All rights reserved. Most stock quote data provided by BATS.