Wal-Mart Runs Out of Guns While Ammo Prices SurgeSubmitted by emalvini on Wed, 12/19/2012 - 23:42
Wal-Mart Runs Out of Guns While Ammo Prices Surge
By Matt Townsend on December 19, 2012
With President Barack Obama endorsing sweeping gun restrictions in the wake of the school shootings in Newtown, Connecticut, prices for handgun magazines are surging on EBay (EBAY) and semi-automatic rifles are sold out at many Wal-Mart Stores Inc. (WMT) locations.
Wal-Mart, the world’s largest retailer, said yesterday that it would continue to sell guns, including rifles like the one used at Newtown, where 26 people, most of them children, were killed on Dec. 14. By contrast, Dick’s Sporting Goods Inc. (DKS) suspended sales of similar guns at its more than 500 stores.