Wal-Mart phasing out availability of firearms from their US Stores

Wal-Mart Stores (NYSE:WMT) has said that they are slowly phasing out sales of firearms in about a quarter of its U.S. stores. The company said that this decision is mainly due to the lowering sales and soft demand for these products.

Wal-Mart said in a statement: “As a retailer, we make business decisions every day on what products to offer our customers, based on customer demand. In order for each of our stores to be a ’store of the community’ and offer merchandise relevant to that specific community … we recently made a business decision to no longer offer firearms in approximately 1,000 of our locations.”

They added that the phasing out process began early this year. However, they have not revealed the stores, which are being targeted in this phase. Wal-Mart said: “In stores where there is sufficient demand, nothing will change. We will continue to evaluate our merchandise selection store by store to make sure we remain relevant to the majority of our customers.”

The company runs around 3,800 stores in the United States and more than 2,600 around the world.

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