After “a lot of thought,” Walmart CEO Doug McMillon announced the retailer will stop selling handgun and short-barrel rifle ammunition, as well as end the sale of handguns in Alaska, the only state where they were available, after its current inventory commitments.
As a result, McMillon said Walmart’s market share in ammunition will decline from 20% to between 6% and 9%. The news comes about a month after two shootings at Walmart stores in Mississippi and El Paso, Texas, as well as a mass shooting in Ohio and just days after another mass shooting in Odessa, Texas.
The
WORK SMARTER - LEARN, GROW AND BE INSPIRED.
Subscribe today!
To Read the Full Story Become an Adweek+ Subscriber
Already a member? Sign in