Walmart is one of the largest sellers of guns and ammunition in the world. In the wake of Saturday's horrific mass shooting at one of its stores in El Paso, Texas, gun control advocates are renewing calls for the retailer to stop selling weapons.
Beyond the politics of gun control and gun violence, ending the sale of guns could be a smart business decision for Walmart."It's not a high-margin business," said Burt Flickinger III, managing director of retail consultant Strategic Resources Group."The number of people hunting and fishing has been declining significantly."Flickinger said Walmart is under pressure to find more room in its stores for toy sales in the wake of the Toys"R" Us closure last year.
Sales have taken a hit over the last year and a half because of weakness in hunting products.In response, Dick's pulled all guns and other hunting products out of a number of its stores: 10 stores late last year, and another 125 stores earlier this year. In the initial test of 10 stores without guns, it found overall sales improved from allocating the floor space to other products. Depending on the results from the other 125 stores, it may pull the hunting business from the chain altogether.
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