This was in the Walmart earnings release yesterday. Comments directly from Doug McMillon: President & CEO, Walmart Inc.
Full script can be found here: https://corporate.walmart.com/media-...f-f37efbfa0000
I've pulled out the interesting section on gun sales and when he decides to go into gun control and assault weapons ban. Considering how bad this site slayed D ick's Sporting Goods, suprised Walmart hasn't been on the discussion card.
Full script can be found here: https://corporate.walmart.com/media-...f-f37efbfa0000
I've pulled out the interesting section on gun sales and when he decides to go into gun control and assault weapons ban. Considering how bad this site slayed D ick's Sporting Goods, suprised Walmart hasn't been on the discussion card.
As we’ve shared previously, we will strive to use these experiences to
identify additional actions we can take to strengthen our processes,
improve our technology and create an even safer environment in our
stores. We’re also thinking through the broader issues related to gun
violence and things we should do to help create safer communities. We
would like for everyone to be reminded of the steps we’ve already taken:
customers and create a safer environment. We estimate that we represent
about 2 percent of the market for firearms today, which we believe places
us outside at least the top three sellers in the industry. We estimate we
have about a 20 percent share of ammunition.
In the national conversation around gun safety, we’re encouraged
that broad support is emerging to strengthen background checks and to
remove weapons from those who have been determined to pose an
imminent danger. 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. We must also do more to understand the root
causes that lead to this type of violent behavior.
identify additional actions we can take to strengthen our processes,
improve our technology and create an even safer environment in our
stores. We’re also thinking through the broader issues related to gun
violence and things we should do to help create safer communities. We
would like for everyone to be reminded of the steps we’ve already taken:
• We stopped selling handguns in every state but Alaska in the mid90s.
• We stopped selling military-style rifles such as the AR-15 in 2015.
• We raised the age limit to purchase a firearm or ammunition to 21 in
2018.
• Walmart only sells a firearm after receiving a “green light” on a
background check, while federal law only requires the absence of a
“red light” after three business days. We don’t sell a firearm until we
receive a “green light” regardless of the time period.
• We videotape the point of sale for firearms, only allow certain
associates to sell firearms, and secure firearms in a locking case with
individual locks, among other measures.
We’ve attempted to take common sense steps that allow us to serve• We stopped selling military-style rifles such as the AR-15 in 2015.
• We raised the age limit to purchase a firearm or ammunition to 21 in
2018.
• Walmart only sells a firearm after receiving a “green light” on a
background check, while federal law only requires the absence of a
“red light” after three business days. We don’t sell a firearm until we
receive a “green light” regardless of the time period.
• We videotape the point of sale for firearms, only allow certain
associates to sell firearms, and secure firearms in a locking case with
individual locks, among other measures.
customers and create a safer environment. We estimate that we represent
about 2 percent of the market for firearms today, which we believe places
us outside at least the top three sellers in the industry. We estimate we
have about a 20 percent share of ammunition.
In the national conversation around gun safety, we’re encouraged
that broad support is emerging to strengthen background checks and to
remove weapons from those who have been determined to pose an
imminent danger. 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. We must also do more to understand the root
causes that lead to this type of violent behavior.
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