Wal-Mart Stores Sell Out Of Guns

Tyler Durden's picture

Yesterday, when we described the unprecedented surge in gun sales in the aftermath of the Newtown massacre, we said that "what is most ironic, is that it is precisely the fear of forced, unilateral rejection, by either or all three branches of government, of the original constitution and its various amendments that has Americans scrambling into gun stores. And thus the closed loop nature of the problem: by threatening to take away America's guns, the government is only exacerbating a problem that is steeped in 200+ years of history and is engrained deep in American psychology." It took about 24 hours to demonstrate just how counterproductive government intervention always is: as of this moment, Bloomberg reports, Wal-Mart, the biggest retailer in the US and the world, has stores in at least five states where guns are now completely out of stock.

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.

 

Searches of five kinds of semi-automatic rifles on Wal- Mart’s website showed them to be out of stock at stores in five states, including Pennsylvania, Kansas and Alabama. Wal-Mart doesn’t sell guns online, instead asking customers to input a zip code to see if their local store carries a specific weapon.

 

“We remain dedicated to the safe and responsible sale of firearms in areas of the country where they are sold,” David Tovar, a spokesman for Wal-Mart, said yesterday. He didn’t immediately respond to a request for comment on this story.

 

Wal-Mart has about 10 modern sporting rifles, the gun industry’s term for firearms that look like an M-16 military rifle, listed on its website. The retailer removed a description and picture of the Bushmaster AR-15, which was the model used in Newtown, after the shootings.

Who benefits from the government's pseudo intervention? None other than the uber-wealthy Walton family.

The move may have helped as U.S. Wal-Mart stores posted their first gain in same-store sales in more than two years in October 2011. Wal-Mart doesn’t disclose how many guns it sells, though at an analysts’ meeting in October it said gun revenue gained 76 percent in the first half of this fiscal year. The chain advertised a Sig Sauer M400 as one of its Black Friday doorbusters last month, offering the rifle for $50 off at $867.

It gets worse: now that guns are transforming from a commoditized to a niche, collectible product, whose future is unclear due to what the government may or may not do, the supply, demand dynamics have shifted massively in favor of the side that pushes the equilibrium price higher (just so even central-planning economists understand this).

On EBay Inc.'s auction website, shoppers have recently bid up gun magazines. The current bid for four Glock handgun magazines, ammunition for one of the guns used at Newtown, is $118.37 compared with $45 on the day before the shooting. The bid for seven Glock magazines hit $201 on Dec. 17 from $71.01 before the massacre.

 

Gun buyers have flooded other firearms retailers too. The Hyatt Gun Shop in Charlotte, North Carolina, racked up more than $1 million in sales yesterday for the best single-day performance since the store opened in 1959, according to Justin Anderson, director of online sales. At the top of shoppers’ lists was the Bushmaster AR-15, the model of rifle used at Newtown that sells for as much as $4,000 and had almost sold out, he said.

 

Revenue at one of the largest U.S. gun stores surpassed even the spike just after Obama was elected president in 2008, Anderson said in a telephone interview. Sales weren’t as robust when Obama was re-elected last month because the president hadn’t backed major new gun laws, he said.

While we have no interest in pursuing any of the ethical sides of this argument, we do know that the more the government intervenes, even if it is with the noblest intentions, the greater the adverse and negative fallout will be. And, in typical government fashion, the more it pushes to get its way (or the highway) the greater the tragic consequences result in a country which - by dint of simply what it is - has over 300 million weapons. Good luck and godspeed with any hopes of "controlling" them.

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Robot Traders Mom's picture

As we say in Texas, come and take it!

hedgeless_horseman's picture

 

 

 

Item 2

...Realize that everything is likely to cost more next year, if you can get it, so better to buy it now.... 

 

Item 5

Included on the list is an advanced, easy to use, compact, and highly reliable personal-defense weapon system that is made by FN Herstal, currently the largest arms manufacturer for the U.S. military. The FN FiveseveN pistol (get the model with tritium night sights installed) and PS90 rifle (Tri-Rail model) each fire the same 5.7 x 28 ammunition, which, along with these two weapons, is extremely light to carry. These weapons' standard magazines hold 20 and 50 rounds, respectively.  Unlike many old-school firearms, these are actually fun to learn to operate, because they are so light, yet still have no felt recoil (aka kick). A Zeiss Z-Point optic (rifle sight), Urban ERT sling, TLR-1 weapon light, kydex pistol holster, magazine carriers, and spare magazines are all crucial components that cannot be excluded.

http://www.zerohedge.com/contributed/2012-19-10/fear-we-are-returning-time-history-where-it-common-occurrence-fight-ones-life

Overfed's picture

The FN 5-7 is pretty awesome, but the ammo is way too pricey. 9mm ammo is half the price fo 5.7 on the intermet, but I've picked it up quite recently for well under $10/50.  Then sold it again for fear of confiscation.

The Shootist's picture

LMAO at how much money the Dicks at Dicks Sptg. Goods are losing for pulling guns.

A Lunatic's picture

I hope everyone remembers this and Dicks (with no balls) goes bankrupt............

Freddie's picture

Don't forget Stupider than Dirt in Fort Worth.

Tijuana Donkey Show's picture

These people are TRUE AMERICANS. They are not selling until everyone else sells out, then they can jack up the prices for even bigger bucks for the guns they still have. Also, my local Dicks was almost cleared out of guns before this happened, so I doubt it will impact them much, unless you were looking for a pink Ruger 10/22.

Short Memories's picture

AAPL should do an iRifle and an iPistol (sorry, I should say an iRifle-Mini)

The Alarmist's picture

Be sure to put it on your credit card so you can get the most bang for your buck when you default.

Pinto Currency's picture

 

 

Buying guns is a waste of money when Barry and Joe are going to protect you by making guns illegal.

Most here did not get the memo.

http://townhall.com/tipsheet/katiepavlich/2012/12/11/gun-crime-soars-in-england-where-guns-are-banned-n1464528

 

<sarc>

 

Antifaschistische's picture

Where's the tears Mr. President!

I'm late to this posting...I don't care.   I'm sick of the nonsense.  The recent shooting are sad.  Very sad.  But sad things happen every day in this country.  Obama got on the podium for one reason.  The cameras were there.

How about traffic fatalities?

http://www.census.gov/compendia/statab/2012/tables/12s1111.pdf

How about the tens of thousand of people who are killed every year as the result of 'under the influence' drivers?

Where are the tears Mr. President?

Many of those people are infants who were still in their car seats

Where are the tears Mr. President?

Many of those children killed had their entire lives in front of them also.

They were fathers, mothers, grandparents, etc.  There are tens of thousands of kids in this country who are without a parent as the result of UI drivers?

Where are the tears Mr. President?

What about suicides and homocides and domestic violence that takes place at the hand or Prescription medicines distributed like candy to kids and adults alike?

Where are the tears Mr. President?

I'm tired of this.  I want a poster hanging on the wall of the white house listing accidental deaths and their associated causes.   If you want to be a hero.  Sort that list and start at the top of it and work your way down.

tsx500's picture

you missed where are the tears for the Americans he let (and maybe even watched LIVE via drone cam ?) die in Benghazi ?!

1100-TACTICAL-12's picture

Dicks & CTD no lomger exist in my realm.. I don't tolerate cowards well. Oh and Fuck off Piers morgan

Squid Vicious's picture

I'm already short DKS, will add more ... way overvalued POS stock anyway, and now this...

Nadaclue's picture

Another to think about boycotting is Luckygunner.com

I ordered 20 Pmags Monday morning @ 0800, they charged my CC but still haven't shipped. They also upped the price $12.50 per mag by Mon night, by which time, they sold out.That was over and above them raising prices since Sun afternoon by $2.50 per mag.

I'll email them tomorrow but I fear the greed of the place has overwhelmed my order.

They don't realize that I visit dozens of gun blogs and forums.

We'll see but I don't hold much hope in ever seeing my mags. I will get my cash back by charge-back but I would prefer the goods. Could be they are overwhelmed but usually ship the same or next day.

 

WhiskeyTangoFoxtrot's picture

LOL. stocks. But I agree - fuck all three.

TruthInSunshine's picture

LauRue Tactical had 30 Round PMAGs for $15, but placed a limit of 5 per customer in order to ensure ebayer scum weren't buying them for resale.

I'm not sure if they're sold out yet or not. Check.

Also, Magpul released a statement on their website essentially pissing all over Cheaper Than Dirt and other retailers who are raising the MSRP of their magazines, saying that they strongly discourage such practices and are re-examining their relationship with retailers who are now doing this. Magpul is a standup company.

Brownell's, Midway USA, LaRue Tactical & Academy all kept their prices in line because they're ethical.

LasVegasDave's picture

theyve seen the light.  just got an email that they've resumed online gun sales.

capitalism is a tough bitch to kill

Freddie's picture

F Em.

Joe Machin or whatever his name is - the Dem WV Senator was pushing for gun control yesterday.   Not a smart move in WV where a felon in jail in TX almost beat the muslim in the WV primary.

The evil moron did a 180 today.  WV people are the last people you want to try to disarm.

DoChenRollingBearing's picture

+ 1  West Virginia was stupid enough to vote for the Democrat, said he was pro-gun, LOL...  Unfortunately, I believe Manchin just got re-elected...

Four (or more) long yearz, bitchez!

Oh, and "git while the gittin's good."

H E D G E H O G's picture

WV WENT ROMNEY, GET YOUR FUCKING FACTS STRAIGHT BEFORE YOU SPEAK. MANCHIN FILLED THE SEAT FOR ROBERT BYRD AFTER HIS PASSING. IN WEST "BY GOD" VIRGINIA, ONCE YOU'RE IN A SENATE OR HOUSE SEAT, YOU'RE IN FOR LIFE. ASK ROCKEFELLER ABOUT THAT.

WhiskeyTangoFoxtrot's picture

CTD sold us out. If they were actally overwhelmed, they should have said so. Instead, the said, "CTD no longer sells guns." Fuck those pussies.

DoChenRollingBearing's picture

@ LasVegasDave  + 1

Capitalism may be a tough bitch to kill, but they're working on it...

1100-TACTICAL-12's picture

just got it myself.. REPLY fuck off..

BlackChicken's picture

If only I could give you another up arrow...

You should hear the talk here in Alaska.

klockwerks's picture

Man I think they really "shot" themselves in the foot. Never will buy anything else at either place. Really liked CTD, to bad

ATM's picture

I will never shop at a Dick's again.

I happend to stop at a Gander Mountain store yesterday to pick up a couple of things and I walked back into the gun area. New store that had probably 8 little desks set up in that part of the store I am presuming for filling out all the paperwork, etc for a gun sale.

Each of those desks was filled with a person and several others were waiting holding some paperwork.

This was 4pm on a Tues. Ithought about buying somehting but I don't wait in lines.

Oquities's picture

Gun Bubble, Bitchez!

krispkritter's picture

Not in Camden:

http://www.nj.com/camden/index.ssf/2012/12/camden_cash-for-guns_program....

One of the highest murder rates in the country and people are turning in guns.  How many were criminals? How many people who turned them in find themselves regretting that decision? We'll never know...

Michaelwiseguy's picture

The Purpose of the 2nd Amendment and gun manufacturing in the USA is meant to kill treasonous traitorous politicians and bureaucrats in the Federal Government.

I say we have a "Million Man Gun March" on Washington DC and clean out the riff raft occupying our federal government.

Everyone can pick their side, those bureaucrat employees of the government and their private lackeys, against our patriotic forces that want to restore the Republic. Lets get it on and get the job done.

We are not going to have a Civil War, brother against brother, or a second American Revolution. What we are going to have is an Insurrection, an act or instance of revolting against civil authority or an established government.

dugorama's picture

"A well regulated Militia, being necessary to the security of a free State, the right of the people to keep and bear Arms, shall not be infringed."

which well regulated Militia do you belong to?

Michaelwiseguy's picture

I belong to this part; the right of the people to keep and bear Arms, that shall not be infringed. Although I am thinking about joining a local Militia.

jwoop66's picture

Well said.  I also took an oath a few years ago to support and defend the constitution of the united states.  The oath had no expiration date.

Michaelwiseguy's picture

I just joined Gun Owners of America ($20.00) while watching the Red Coat treasonous traitor enemy of the USA Piers Morgan. Throwing up watching him, but he is on a gun grabbing rampage and I need to see what the enemy is up to. He's a piece of shit commie collectivist progresser.

http://gunowners.org/

kralizec's picture

GOA is the only reliable pro-2nd Amendment organization of any value out there, apart from We the Militia.

Ident 7777 economy's picture

Which part? How should it be read?

nmewn's picture

"which well regulated Militia do you belong to?"

The "being necessary to the security of a free State" part.

DoChenRollingBearing's picture

+ 1

That would be each of us.

nmewn's picture

Yes.

The right of THE PEOPLE, who are the militia...meaning all. Not just cops, DHS, FBI, CIA, Army, Navy, Air Force, Marines.

And it doesn't say a fucking thing about hunters and sportsmen in there either, for the low information, leftwing, addlebrained retards...lol.

Jam Akin's picture

One downvote for both of us.  It appears that we have a revisionist in the woodpile.

nmewn's picture

Personally, I like it when I can live rent free in someone elses head...for a change ;-)

Jam Akin's picture

Those accomodations are rather sparse...you're really slumming it tonight!

kito's picture

Nmewn...lay off the subaru insults.....I travel to Vermont often...they all drive subarus and Vermont has the most liberty minded gun laws in the country.....dont even need a ccw permit there.....

nmewn's picture

If Vermont is anything like Fla...its being steadily infested by loud mouthed New Yawkah's & their Volvo's ;-)

http://www.youtube.com/watch?v=eScDfYzMEEw

Jam Akin's picture

I am part of the militia that is comprised of individual free citizens of the US.