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.
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
- $85 for a 6-pack? Beer fans shell out for rare brew
Way back in the Great Depression we had a very thoughtful and clever American Icon. Will Rogers. he has been quoted and is still quoted, " Just be thankful we do not get all of the government we pay for" and that was back a few generations ago.
Gun control is not the problem, you can't fire a gun with out bullets. quit making bullets, gun powder, brass. After all it is not the gun that does the damage it is the bullet.
"BillyJack55" I don't thinks it would solve the problem to euthanize the mentally ill but I bet sterilizing those unfit to reproduce might just do the trick.
Do any of you folks remember what brought this conversation to the forefront???????
Does any one remember how many people died at that school last week? How many were children? Do you remember? Can U provide one good argument that will make the parents feel better about assult rifles.
U don't hunt with assault rifles; U can defend yer house without multi round clips (get a baseball bat); U wouldn't take a gun to work would u?
There are places in America where guns do not belong and there are people who should not have access to them. That is what the conversation is supposed to be about. No one wants to take you single action, good hunting rifle away. We just want the AR-15's and other automatic weapons and multi round clips to be off the market at Dick's and Cabelas and Walmart.
Numerous Australians have warned us in America that
the UN pushed to confiscate all guns in Australia as they
have in other countries.
They warn us not to allow this to happen in the U.S.
as they are all in great danger...not enough police and
criminals are running rampant killing and breaking into homes!!!
Hillary Clinton walked a UN Weapons ban treaty into Congress
for ratification this summer and it was voted down.
She went back to the UN and they created a new UN Weapons Ban Treaty
that Hillary clearly stated she was taking directly to Obama and avoiding
Congress!! She has undeniably committed an act of TREASON by walking
in such a document which clearly violates the Constitution.
The horrible murders of those innocent children was to get attn at Christmas
which would make great impact...in order to confiscate guns in America...
Mr. Lanza had NOTHING to do with those murders it was much higher up...
He was not capable to do all those murders
He is introverted and shy!!!
BUT CIA frequently do it without any conscience
as they are high paid assassins that the American taxpayer pays for and
that is the truth!!!!!!!!!!!!
If we want to institute some national standards for gun regulation, I can jump onboard for that.
But this gun ban proposed by Senator Feinstein, currently being called an "assault weapons ban" is a deal breaker.
For one, NOT ONE SINGLE DEMOCRAT was out there on the stump campaigning on a gun ban platform. Now, 5 weeks later that's exactly what has been put on the legislative agenda.
Had the Democrats run on the platform of banning guns, I would not have voted for them. So if the Democratic party wants to continue down this path of banning guns...I'm out. I know I'm not the only one too.
This gun ban is going to tear the Democratic Party apart and is going to hand every election to the Republican Party until such time as the gun-banning constituency which resides within the Democratic Party learns their lesson...which they obviously haven't. But they will, the only question is how much political damage they're willing incur before they learn...because Democrats like me will not vote Democratic so long as the Party believes that it's the gun-banners who are the ones who get them elected.
Society needs to wake up and realize that a gun is just a gun. Just like a car is a car, just have differnt makes and models.
Copyright © 2014 Microsoft. All rights reserved.
Fundamental company data and historical chart data provided by Morningstar Inc. Real-time index quotes and delayed quotes supplied by Morningstar Inc. Quotes delayed by up to 15 minutes, except where indicated otherwise. 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 Morningstar Inc.
[BRIEFING.COM] Recent action saw the S&P 500 (+0.2%) climb to a new session high. The move also helped the Nasdaq (+0.2%) return into the green, but some portions of the tech-heavy index continue showing relative weakness.
The high-beta biotech group lags with the iShares Nasdaq Biotechnology ETF (IBB 256.65, -2.69) trading lower by 1.0% after spiking 2.2% yesterday. Similarly, chipmakers are also on the defensive with the PHLX Semiconductor Index lower by 0.6%. Qualcomm ... More
More Market News
4 analysts downgrade the stock the day after a disappointing quarterly report.
MUST-SEE ON MSN
- Video: Easy DIY smoked meats at home
A charcuterie master shares his process for cold-smoking meat at home.
- Jetpacks about to go mainstream
- Weird things covered by home insurance
- Bing: 70 percent of adults report 'digital eye strain'