Retailers start to pull some rifles from shelves
Dick's Sporting Goods and Wal-Mart suspend some gun sales after last week's shooting in Connecticut.
While politicians go back and forth about the future of gun control, some retailers are already making a statement and pulling assault weapons from their stores.Dick's Sporting Goods (DKS) has suspended sales of its modern rifles nationwide. It's also taken all of the guns off the shelves at its store near Newtown, Conn., where a 20-year-old gunman opened fire at an elementary school last week, killing 20 children and six educators.
The company said it took those actions out of respect for the victims and their families in this time of national mourning.
The gunman, Adam Lanza, used one of the Bushmaster AR-15 guns in his deadly rampage. A semi-automatic version of the weapon is popular for civilian sporting use, The Dallas Morning News reports. The large retailers selling assault weapons include Dick's, Cabela's (CAB) and Wal-Mart (WMT).
Wal-Mart has stopped showing the Bushmaster Patrolman's Carbine M4A3 rifle on its website as well, according to The Nation. There is no word whether Wal-Mart will stop selling the weapon at its stores, however. But Wal-Mart's site still shows that it's selling other guns at its stores, including the Sig Sauer M400.
Cabela's meanwhile, has stocked up on guns and ammunition heading into the fourth quarter -- largely a bet on surging gun sales after the presidential election. Here's what CEO Thomas Millner said in October, according to the Atlanta Business Chronicle:
"At least coming in to the fourth quarter, we’ve taken a pretty aggressive position in inventory commitment to both guns and ammunition. So that’s a starting point. Clearly, if the president’s re-elected, I would expect some surge beyond the current levels, which are really good. And if Gov. Romney is elected ... I still think we’re gonna see gun growth next year. It probably won’t be at the same pace. ... So it’s probably a difference of degrees as we sit here today, but we’re doing a lot of stuff in our stores to make sure we are the easiest, fastest place to shop for your firearms purchases."
More from Money Now
| Tags: | Guns |
it not the guns killing people its nut jobs who choose to use the guns..if you take away the guns they will just use other weapons like home made bombs..or swords....parents need to understand if thier child is disturbed get them help..dont say hes my son he would never kill any one..thats bullcrap..
Get all the +10 round clips off the shelves, and start racially profiling white guys!
Make sure every gun-owner pays for their own mandatory psyche exam every two years!
Tell the gun-goobers they can't beat the local police force, let alone the US gov't-- in a firefight!
Have the Federal, State, & local gov'ts raise the taxes on each bullet till they cost $75.00 each!
Make it mandatory for gun-owners to become expert marksmen, at their own expense. If they need more than a 10 round clip to bring down a couple of bad guys simply means the gun-nuts are lousy shooters to begin with!
And lastly, let the gun-goobers whine their butts off!!
germany under Hitler 13 million murdered
Russia under Stalin 25 million murdered
Cambodia under Pol Pot 2 million murdered 25% of the population
the kurds, the armenians and all the other dictators around the world
thats why the United States does not have a king and will never have a dictator
remember why Japan did not invade the US as Adm. Yamato said their is a gun behind every door. today in Switzerland almost every home has automatic weapons and the Israelis are armed to the teeth at home.
Read your history. Sadly massive savagery has been going on long before the advent of assault rifles (Genghis Kahn is notorious example).
A couple things to consider:
1) You'll never be able to round-up all the guns that gun control advocates dislike (If we can't find 12 million illegal immigrants, how do we expect to find the estimated 300 million guns in America - many locked away in homes and gun safes)?
2) Even if you could snap your fingers and magically eliminate all guns, would you really want that? Guns are used for good and evil. It was the advent of guns - a great equalizing force - that led to the end of serfdom and despotic rule by warlords. Once the general population had the ability to stop the brutes/savages from pillaging, robbing, raping and killing at will - the life of the average person improved greatly. They experienced hope and freedom.
3) Gun laws deprive law-abiding citizens of guns - but criminals ignore them. Take a look at Chicago and Washington DC - both of which have the biggest gun crime problem in the country - but banned handguns for decades. Gun crime grew under the gun bans because criminals ignored the bans and knew they were very unlikely to meet armed resistance from law-abiding victims. Concealed carry with proper training/licensing has actually reduced gun violence where it is allowed and even conveys benefits to those who don't carry - because the bad guys never know if their victim will be armed.
4) The Founding Fathers clearly believed armed citizens were vital to protecting against aggressors "both domestic and foreign". It's pretty clear one of their biggest fears - having experienced it in England - was government overreach. During WWII Japan considered an invasion of the U.S. but decided against it when their Admiral Yamamoto - who had spent time in the U.S. - warned that they would face "... a gun behind every blade of grass".
Bottom line, any additional gun control legislation must be carefully considered and not an (understandable) "knee-jerk" reaction to the terrible and unfathomable tragedy in Connecticut. For each proposed law we must ask "Would it have stopped the tragedy?" and "Does the proposed restriction demonstrably degrade the protections given to us by the Founding Fathers via the Constitution and Bill Of Rights?"
While we're at it we should also ask ourselves if it's really wise to expose our kids to all the numbing violence found in many video games, TV shows and movies. Unfortunately, I'm betting many of those wishing to restrict gun rights would be appalled at the idea of government infringing on their entertainment choices.
To penalize the law abiding citizens for the act of one nut is ridiculus. The knee jerk reaction by the elected officials is scary. They have, by their threats to restrict guns and ammo, has convinced me, along with thousands of others who never even thought of buying a gun, to go out and get one now. How about limiting the size of the magazines, lengthen the waiting period so that a real back round check can be done. Hold to hose who cannot secure their guns properly accountable......
Government reaction scares the hell out of me. As tragic as this incident is, we still forget that those nut jobbers always seem to get the weapon they need one way or another. NO EASY ANSWER.
@Dfpotec: of course you wont eliminate mass murder, that's not the point. Its big companies, doing their small part to try and do SOME good, however small it may be.... Its a gesture, a statement, and a step in the right direction. They aren't trying to eliminate it completely with this decision, you're missing the point.
When I first read this I didn't understand the logic, but i had someone explain a theory... if these stores stop selling automatic weapons, and only sell single ammo, etc, then that's less people who MAY get their hands on that sort of weapon to do large amounts of damage. And of course they can go elsewhere to get it, but maybe the decision to stop selling such weapons to the public will catch on... who knows.
And yes, they can find other ways to do mass destruction, but the point is to make it HARDER, not EASIER for them to do so. Stop being negative and embrace the POSITIVE gestures that are coming from this awful situation....
We can't just take away the toys of millions of self-centered, selfish, "I got mine" American patriots!!! Heck those people earned the right to bear arms, any kind of arms, the day they were born a read-blooded American, natural hero. How unjust! How unfair! It's their right and one that they earned through hard work and faithful dues paying to the NRA.
Ain't life a bear!!! Guess they can ignore the pictures of those innocent kids and their teachers?
I wish these gun activists would get together at a national rallye or meet and have a championship where they get a chance to use their guns in some sort of combat game. Of course we could let them use their 30 round clips and live ammo to play! They are a bunch of selfish idiots in my book!!
There are so many hateful, mean, rude people in our world, I cant help but wonder Why go after the young children who are so innocent, sweet forgiving, loving. They have not hurt anyone.
Gosh if you are made at the world go after the bad, the mean. not the harmless little sunshine of the world.
DATA PROVIDERS
Copyright © 2013 Microsoft. All rights reserved.
Quotes are real-time for NASDAQ, NYSE and AMEX. See delay times for other exchanges.
Fundamental company data and historical chart data provided by Thomson Reuters (click for restrictions). Real-time quotes provided by BATS Exchange. Real-time index quotes and delayed quotes supplied by Interactive Data Real-Time Services. Fund summary, fund performance and dividend data provided by Morningstar Inc. Analyst recommendations provided by Zacks Investment Research. StockScouter data provided by Verus Analytics. IPO data provided by Hoover's Inc. Index membership data provided by SIX Financial Information.
Japanese stock price data provided by Nomura Research Institute Ltd.; quotes delayed 20 minutes. Canadian fund data provided by CANNEX Financial Exchanges Ltd.
Trending NOW
- 1.tgt
- 2.commodity markets
- 3.low
- 4.bnp paribas
- 5.spls
- 6.pfe
- 7.emini day trading
- 8.aeo
- 9.ntap
- 10.holistic financial planning
About moneyNOW
moneyNOW brings users smart, original and entertaining takes on the latest business and investing topics that are buzzing on the web.
RECENT POSTS
A report finds local governments are lacking when it comes to ensuring folks can secure a living wage and necessary benefits.
- Oklahoma tornado losses in hundreds of millions
- Chick-fil-A thrown back into gay marriage debate
- Some of France's richest taxed more than 100%
- Farmers cultivate drones as new high-tech tool
- Apple's overseas hoard unfair to taxpayers
- Why hugely profitable ESPN is laying off workers
- Tornado shelters become a vital business
- Victoria's Secret won't sell cancer 'survivor' bras
- DC is doing nothing to fix the economy
MARKET UPDATE
[BRIEFING.COM] The major averages trade with slim gains after today's session began on a positive note. The S&P 500 is higher by 0.2% as seven of ten sectors trade in the black. The health care space is the early leader while the energy sector trails behind the broader market.
At 10:00 ET, investors will receive news regarding April existing home sales while Chairman Ben Bernanke will begin his testimony before the Joint Economic Committee. Nasdaq +2.62 at 3504.74... NYSE ... More
More Market News
TOP STOCKS
The home improvement retailer's latest report contains all the metrics that explain why it's crushing its rival.
MSN MONEY'S
- Shared
- Commented
- Viewed



