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
Cabelas is sold out of all their Ar-15 (at least in KS) this panic has depleted all stock levels and spiked sales and prices. Either way there are for sure much more guns on the street today because of this, panic. And i also agree that in these types of senseless feats that who ever does so does so with no mention of their name...
I have never owned a gun but because of the fear bred by the media I now am one of those seeking to have at least some type of defense. Had there been one of our honorable veterans at the school with a weapon, this may not have ever happened. So give our unemployed trained Vets jobs, Have armed patrols in the streets. I myself would feel much safer.
In Mexico they have armed guards walking around the mall, K-9 units..etc....this is southern Mexico and not border town..I can personally tell you, seeing that firepower will make you think twice about where you are at, and keep you in line.
There are so many things besides the guns that were issues here. There are many ways to prevent something like this happening again...but take away the guns and those that are mentally sick, like this idiot..will still find a way to carry out their twisted thoughts.
All guns are not recorded. How would they find those. And not all ammo is either. But, you antigun people can do without. I'll keep mine. And you can bet they will be safe, if I have a nut case in my family they will be moved to a different location. Get a grip, and is abortion worse than abuse of an unwanted child? Being in foster care I've seen things you could not believe. All the signs were there, why was something not done before the fact!
Make major changes in the Schools and The System: YES!!!!
There is something really wrong with the system. We need to fix that!!!!
Not use it for an excuse to take away every ones Constitutional Rights.
this is why i live in the middle of the united states because the drama and trama are usually on the east or west coast .....oh perhaps the middle of the country was mostly red on the electorial map....hmmm
These inanae decades old exucuses used by the gun nuts....they are tired, worn out, and they werent valid 15 years ago, and they are not valid today.
What has changed tho is the mood of this country.
NO MORE will your tired paranoid, slippery slope, nothing will help excuses will work. This country is going to finally start taking some steps in the right direction.
Why guns in America, we have very sound proof police and other agencies. I think this is the time when we need to eliminate guns from our life and go toward an alternatives kinda soft self-defense weapon. I think several soft weapons are in market but we can invent gun alternative.
"When the government fears the people there is freedom. When the people fear the government there is Tyranny." - Thomas Jefferson.
I am truly heart broken about the shooting, I don't think this falls on gun control, I think this falls back on today's society where we don't pay attention to what our children are doing. We let video games become baby sitters where kids get lost in an imaginary world.
I agree that if guns are taken away from the american people then the only ones that will affect are the honest not the criminals.
Should have conceal carry EVERYWHERE.
If everyone carries a concealed firearm there will be protection against individuals with mental illness.
If I want to kill and I don't have a gun... Then BOOM goes the bomb built off instructions found on the internet.
We need to fix PEOPLE.
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] The stock market began the last week of July on a quiet note with the S&P 500 ending less than a point above its flat line. Like the benchmark index, the Dow Jones Industrial Average (+0.1%) also posted a slim gain, while the Russell 2000 (-0.5%) and Nasdaq Composite (-0.1%) lagged throughout the session.
The major averages were awakened from their weekend slumber with an opening retreat that pressured the S&P 500 below its 20-day moving average (1975). Even though ... More
More Market News
'We're not exactly in a uniformly strong market,' says the notably pessimistic newsletter publisher.
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'