Walmart CEO calls for discussion of renewed ban on assault-style weapons
Walmart Inc. Chief Executive Doug McMillon said Thursday there should be a discussion about banning assault weapons in the U.S.
Walmart stopped selling military-style rifles including AR-15s in 2015, and ceased selling handguns in every state but Alaska in the mid-1990s. “We do not sell military-style rifles, and we believe the reauthorization of the assault weapons ban should be debated to determine its effectiveness in keeping weapons made for war out of the hands of mass murderers,” McMillon said.Walmart accounts for about 2% of the firearms market today, the company estimates, “which we believe places us outside at least the top three sellers in the industry.” And the retailer says it has about a 20% share of ammunition.
Walmart has come under increasing pressure to stop selling guns and was threatened with a boycott after it removed videogame signs displays for films and hunting videos that reference gun violence, but kept guns for sale. “We like Walmart given the stock’s defensive qualities as we believe the retailer can perform well in both a cautious and optimistic consumer and retail environment,” Cowen analysts wrote in a note. “We have high conviction that combining physical stores with digital options is the future of retail and Walmart shines here.
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