(Reuters Breakingviews) - Responsibility for reining in America’s epidemic of gu...
The logo of Down Jones Industrial Average stock market index listed company Walmart is shown on one of its stores in Encinitas, California April 13, 2016. REUTERS/Mike Blake
Walmart has already done much to restrict its peddling of lethal weapons. The company raised the minimum age for purchases to 21 from 18 last year, and no longer stocks assault-style weapons or high-capacity magazines. It shows no signs of moving to an outright ban, which would be bold for the world’s largest retailer by sales. Nonetheless, there are three things it could do that need not be at odds with its imperative to remain profitable.
Second, Walmart could announce a strategic review into the financial impact of selling firearms. Dick’s Sporting Goods, which pulled assault-style weapons from its shelves in 2018, is doing just that, and has already said that guns and ammo carry lower margins than other kinds of sporting products. Besides, the case for stocking firearms is weakening. Sturm, Ruger last week said its three-month sales had dropped by one-quarter from a year earlier, tanking its shares by 19%.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Three ways Walmart could help on U.S. gun violenceThe giant U.S. retailer had already tightened its rules on gun sales before a mass shooting in one of its stores. Ditching all firearms may be too bold a step, but there are other steps it could take, from banning open carry to pledging to stock safer, tech-enabled alternatives.
Read more »
Three Ways To Fight The Stigma Of Mental IllnessFrom the mildest and most routine to the most intractable and devastating, people struggling with mental illness are also burdened by others' stereotypes and prejudices.
Read more »
Surfs up as Peru claim three Pan Am goldsPeru rode a wave of support from a raucous home crowd to win three Pan Am Games ...
Read more »
Three Mexicans dead in Texas shooting just north of borderThree Mexicans were among the 20 people who died in a shooting in El Paso, Texas...
Read more »
Three Mexicans dead in Texas shooting just north of borderThree Mexicans were among the 20 people who died in a shooting in El Paso, Texas...
Read more »
Charley Webb shares peek inside family kitchen as she settles into life as mum-of-threeEmmerdale actress Charley Webb has shared a photo from her kitchen as she opened up about her new baby with Matthew Wolfenden
Read more »