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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Thu, 12/20/2012 - 09:29 | 3082132 flattrader
flattrader's picture

If the power grid goes down in a Carrington Event which will also fry electronic circuity, we're all dead and the entire continent is contaminated in a matter of days or weeks.  Idiots in Congress have made no provisions to make certain Nuke Power Plants can shut down and cool their reactors and spent fuel pools.  It takes years.

http://truth-out.org/news/item/7301-400-chernobyls-solar-flares-electrom...

Patirot Nurse will be awsomely dead too.

Oh, and we're about due for another Carrington-style Event.

 

Wed, 12/19/2012 - 18:47 | 3080591 kill switch
kill switch's picture

That's been the model in retail for years,,,,High price desire....I'm the first in the city with this expensive #$%^%^*^&@ thing

Wed, 12/19/2012 - 21:42 | 3081184 Sockeye
Sockeye's picture

Hey! Who junked TD?

Wed, 12/19/2012 - 23:29 | 3081479 CoolBeans
CoolBeans's picture

Surely the Zero did it.  Troll.  Suspend his account!

Wed, 12/19/2012 - 17:46 | 3080311 The Shootist
The Shootist's picture

I hope to see that day. Everyone here on ZH has plenty of PM's right? Just checkin'...

Wed, 12/19/2012 - 17:49 | 3080330 fuu
fuu's picture

Nope, but I do have lots of SCUBA gear.

Wed, 12/19/2012 - 17:47 | 3080314 zerotohero
zerotohero's picture

supply and demand - demand and supply

Wed, 12/19/2012 - 18:08 | 3080415 Treeplanter
Treeplanter's picture

My mechanic / gun dealer ordered 150 AR-15s in early '09.  Almost all were paid for before they arrived.  He wanted people to have them because he saw Obama as a clear and present danger...  $900.   In an Army town people know the oath is to the Constitution, not to the dictator in DC.  This is what scares Obama. 

Wed, 12/19/2012 - 22:32 | 3081336 Hacked Economy
Hacked Economy's picture

Oathkeepers.

Not all those in uniform are jackboots.  Some will refuse to turn against us if the SHTF.

Thu, 12/20/2012 - 00:16 | 3081598 jerry_theking_lawler
jerry_theking_lawler's picture

most, especially career officers, already have contingency plans for turning over 'arms' to states in case of an emergency. they know their true duty and this is the reason Amerika is still holding together.

if this sentiment ever changed......dum, dum, dummm.....

Wed, 12/19/2012 - 18:35 | 3080544 Bob
Bob's picture

Tulips were a good example of that once.

Wed, 12/19/2012 - 17:44 | 3080298 q99x2
q99x2's picture

The politicians in DC should go find another country to run into the dirt and get the hell out of the US.

Wed, 12/19/2012 - 17:47 | 3080319 Critical Path
Critical Path's picture

The dirt isn't enough, they're going for the bed rock

Wed, 12/19/2012 - 17:45 | 3080300 The Shootist
The Shootist's picture

http://www.youtube.com/watch?feature=player_embedded&v=-FVQgLkbLjQ

Why Piers Morgan the Limey bastard sucks.

Wed, 12/19/2012 - 18:43 | 3080576 Winston Churchill
Winston Churchill's picture

He was no different in school.

I know,I was there.

Once an arsehole, always one.

Thu, 12/20/2012 - 01:16 | 3081699 bigwavedave
bigwavedave's picture

I doubt that any 'good' that can come of out of such a terrible incident but I am hoping that at least we can have the complete removal of Piers Morgan from our TV screens. 

Wed, 12/19/2012 - 17:45 | 3080303 zerotohero
zerotohero's picture

gun lovers are truly unique - oh and stupid as a sack of nails

Wed, 12/19/2012 - 17:49 | 3080325 dwdollar
dwdollar's picture

If you don't think you have the right to defend yourself why don't you just roll over and die already. It would do us all a favor.

Wed, 12/19/2012 - 17:53 | 3080351 zerotohero
zerotohero's picture

Please do tell us what you are soooo afraid of then - just wondering why all the fear all the time - people are so fucking predictable - continue watching the propoganda on tv and live your life in a constant state of fear my friend cause god knows the boogie man is everywhere - BOO - oops don't shoot your foot.

Wed, 12/19/2012 - 17:59 | 3080378 dwdollar
dwdollar's picture

Well I did experience an attempted break in today. But as much as that got my adrenaline pumping, I'm most afraid of nut-jobs like you. That is, people who try to deny our ability to defend ourselves. Why do I need an "assault" rifle? To defend against lunatics like you trying to take my handgun with your government thugs.

Wed, 12/19/2012 - 19:05 | 3080653 object_orient
object_orient's picture

The reason you have guns, is to protect yourself from people taking your guns? Are you dizzy from running in circles?

Wed, 12/19/2012 - 20:30 | 3080942 Hacked Economy
Hacked Economy's picture

The Founding Fathers (and others) spoke very clearly about what they intended:

   "No free man shall ever be debarred the use of arms. The strongest reason for the people to retain the right to keep and bear arms is, as a last resort, to protect themselves against tyranny in government"
       -- Thomas Jefferson

   "They that can give up essential liberty to obtain a little temporary safety deserve neither liberty nor safety."
       -- Benjamin Franklin

   "As to the species of exercise, I advise the gun. While this gives moderate exercise to the body, it gives boldness, enterprise, and independence to the mind. Games played with the ball and others of that nature, are too violent for the body and stamp no character on the mind. Let your gun, therefore, be the constant companion to your walks."
       -- Thomas Jefferson

   "Taking my gun away because I might shoot someone is like cutting my tongue out because I might yell `Fire!' in a crowded theater."
       -- Peter Venetoklis

   "Today, we need a nation of Minutemen, citizens who are not only prepared to take arms, but citizens who regard the preservation of freedom as the basic purpose of their daily life and who are willing to consciously work and sacrifice for that freedom."
       -- John F. Kennedy

   “What country can preserve its liberties, if its rulers are not warned from time to time that his people preserve the spirit of resistance? Let them take arms.”
       -- Thomas Jefferson

   "To disarm the people...was the best and most effectual way to enslave them."
       -- George Mason

   ”Let us hope our weapons are never needed -- but do not forget what the common people knew when they demanded the Bill of Rights: An armed citizenry is the first defense, the best defense, and the final defense against tyranny. If guns are outlawed, only the government will have guns. Only the police, the secret police, the military, the hired servants of our rulers. Only the government -- and a few outlaws. I intend to be among the outlaws."
       -- Edward Abbey

   "The very atmosphere of firearms anywhere and everywhere restrains evil interference - they deserve a place of honor with all that is good."
       -- George Washington

    "Laws that forbid the carrying of arms, disarm only those who are neither inclined, nor determined to commit crimes. Such laws make things worse for the assaulted and better for the assailants. They serve rather to encourage than to prevent homicides, for an unarmed man may be attacked with greater confidence than an armed man."
       -- Thomas Jefferson, 1764

    
    "What country can preserve its liberties if their rulers are not warned from time to time that their people preserve the spirit of resistance. Let them take arms."
       -- Thomas Jefferson

    
    "Those who beat their swords into plowshares usually end up plowing for those who didn’t."
       -- Ben Franklin

    "Arms discourage and keep the invader and plunderer in awe, and preserve order in the world as well as property… Horrid mischief would ensue were the law-abiding deprived of the use of them."
       -–Thomas Paine

    
    "A free people ought not only to be armed and disciplined, but they should have sufficient arms and ammunition to maintain a status of independence from any who might attempt to abuse them, which would include their own government."
       -– George Washington

    
    "Guard with jealous attention the public liberty. Suspect everyone who approaches that jewel. Unfortunately, nothing will preserve it but downright force. Whenever you give up that force, you are ruined…The great object is that every man be armed. Everyone who is able might have a gun."
       -- Patrick Henry

    
    "Are we at last brought to such an humiliating and debasing degradation that we cannot be trusted with arms for our own defense? Where is the difference between having our arms under our own possession and under our own direction, and having them under the management of Congress? If our defense be the real object of having those arms, in whose hands can they be trusted with more propriety, or equal safety to us, as in our own hands?"
       -- Patrick Henry, 3 Elliot, Debates at 386.

    
    "The Constitution shall never be construed to authorize Congress to prevent the people of the United States, who are peaceable citizens, from keeping their own arms."
       -– Samuel Adams, debates & Proceedings in the Convention of the Commonwealth of Massachusetts, 86-87.

    
    "The right of the people to keep and bear…arms shall not be infringed. A well regulated militia, composed of the people, trained to arms, is the best and most natural defense of a free country…"
       -– James Madison, I Annals of Congress 434 (June 8, 1789).

    
    "(The Constitution preserves) the advantage of being armed which Americans possess over the people of almost every other nation…(where) the governments are afraid to trust the people with arms."
       -- James Madison

    
    "If the representatives of the people betray their constituents, there is then no recourse left but in the exertion of that original right of self defense which is paramount to all positive forms of government…"
       -- Alexander Hamilton, The Federalist (#28) .

    
    "The best we can hope for concerning the people at large is that they be properly armed."
       -- Alexander Hamilton, The Federalist Papers at 184-B.

    
    "To disarm the people is the best and most effective way to enslave them."
       -- George Mason

    
    "The supreme power in America cannot enforce unjust laws by the sword; because the whole body of the people are armed, and constitute a force superior to any bands of regular troops that can be, on any pretense, raised in the United States."
       -- Noah Webster, “An Examination into the Leading Principles of the Federal Constitution (1787) in Pamplets on the Constitution of the United States (P.Ford, 1888)

    
    "[T]he unlimited power of the sword is not in the hands of either the federal or the state governments, but where I trust in God it will ever remain, in the hands of the People."
       -- Tench Coxe, Pennsylvania Gazette, Feb. 20, 1788.

Wed, 12/19/2012 - 20:38 | 3080967 zerotohero
zerotohero's picture

for fuck sake the founding fathers have been dead for over 200 years and frankly they were a little out of their league

Wed, 12/19/2012 - 21:25 | 3081139 GCT
GCT's picture

Dam Zero I was thinking the same thing about you!

Wed, 12/19/2012 - 22:29 | 3081327 Hacked Economy
Hacked Economy's picture

Define "league", troll, and then we can start debating.

By the way, if you're going to look for attention the easy way by pretending to be a troll, understand that there's an art to it.  MDB and RobotTrader are good examples of commenters who go against the grain of most of the ZH'ers here, but do so in a tete-a-tete fashion.  A conversational dance, if you will, with their conservative opponents.  They've somewhat become accepted into the club - trolls as they are - but for their entertainment value.

You?  You're trying to hard to poke people in the eye.  It'll work in the short term, but eventually people will tire of it and simply pass over your future comments.

Thu, 12/20/2012 - 00:08 | 3081581 zerotohero
zerotohero's picture

poke - you keep coming back

Thu, 12/20/2012 - 00:10 | 3081588 zerotohero
zerotohero's picture

poke

Wed, 12/19/2012 - 22:54 | 3081388 dwdollar
dwdollar's picture

You have the general idea.

And you have muscles to keep animals and/or other people from taking your muscles [eating you].

Anymore questions great philosopher?

Wed, 12/19/2012 - 18:02 | 3080390 Overfed
Overfed's picture

During the 20th century, more people died at the hands of their governments than in all of the wars of history combined.

 

Wed, 12/19/2012 - 18:30 | 3080520 ATM
ATM's picture

And that is the answer. We arm ourselves because we wish to be free from tyranny and have the ability to make it so.

Wed, 12/19/2012 - 18:10 | 3080414 whotookmyalias
whotookmyalias's picture

You sound like the kind of person I'd love to run into if and when the SHTF.

 

If you aren't American, then shut up and go pay your taxes and live off your government. 

 

If you are American, then please forfeit your 1st amendment right before you go telling people to forfeit their 2nd amendment rights.

Wed, 12/19/2012 - 18:22 | 3080484 lakecity55
lakecity55's picture

Is that you, Piers?

Go suck one.

Wed, 12/19/2012 - 18:22 | 3080488 Aloha
Aloha's picture

Bull crap. Notice who's pushing the fear-porn "propaganda on tv". Who couldn't wait 10 F'in minutes to start the lefty 'take the guns away from American's because they're all going to shoot little children' mantra?  ABC, NBC, CBS and all the cable ho's jumped on it before the little ones were even cold. The only discussion of gun confiscation is coming from the lefty's, fearing they might miss to seize the moment and once again add more restrictions to American's lives. It's like clockwork, happens evertime some nut goes on a rampage. If it was done out of compassion it might be different but we all damn well know better. You're the chicken shits.

Wed, 12/19/2012 - 18:26 | 3080504 zerotohero
zerotohero's picture

your chewin' tawbacky is drippin

Wed, 12/19/2012 - 18:35 | 3080540 Aloha
Aloha's picture

And your manhood is non-existant.

Wed, 12/19/2012 - 18:35 | 3080533 dwdollar
dwdollar's picture

Yeah really. Before they got all the bodies counted the gun control loons in the legacy media were out pushing their agenda. At least Obama had the courtesy to shed fake tears. Most of those morons didn't bother.

Wed, 12/19/2012 - 18:53 | 3080607 NotApplicable
NotApplicable's picture

And to claim the children as his own, like any good sociopath would do.

Wed, 12/19/2012 - 18:53 | 3080604 NotApplicable
NotApplicable's picture

This is true of ALL political special interest groups, regardless of side.

Never let a crisis go to waste. (I learned this lesson back in the day, when the gays suddenly considered orange juice to be an abomination.)

Wed, 12/19/2012 - 19:36 | 3080770 Abiotic Oil
Abiotic Oil's picture

Maybe I'm fearful of some maniac kid with mental disabilities on psychotropic drugs killing my kids with stolen firearms.... Naw, you're right, that would never happen.

You sir, are full of epic douchery.

Thu, 12/20/2012 - 00:40 | 3081628 Cloud9.5
Cloud9.5's picture

Your kids have a much better chance of being killed driving to school.  Your phobia clouds your reasoning.

Wed, 12/19/2012 - 20:43 | 3080990 ultimate warrior
ultimate warrior's picture

You are right. People have nothing to fear. The government is an all loving and all knowing entity that the people should unquestionably trust. Citizens of NAZI Germany gave up their rights and their guns in the 1930's and everything was great, The wonderful leader Adolf Hitler graciously took away guns so the people could depend on him for safety. This was a wonderful time for the people of Germany. 

Joseph Stalin once said "We don't let them have ideas. Why would we let them have guns." Government is our savior, our protector, our friend. 

/obvious sarc/

Wed, 12/19/2012 - 23:26 | 3081470 lasvegaspersona
lasvegaspersona's picture

Most anti-gun people picture gun people practicing attack formations. In over 50 years of shooting I have only heard guys discuss defence...how to protect the family, home and land.

The Feds will likely 'settle ' for a cosmetic 'fix' but in my book an inch as good as a mile. 

I called Harry reid to ask if we could count on the Second Amendment support he promised when he was sucking up to us in 2010. His staff in DC first put me on eternal hold, then took my message...but not my name...Harry will fold like the wet cardboard box he is. 

Wed, 12/19/2012 - 17:50 | 3080332 TideFighter
TideFighter's picture

Shoot at targets or become one. The stupid ones will be looking into the wrong end of a scope.

Wed, 12/19/2012 - 17:55 | 3080358 zerotohero
zerotohero's picture

We've got a code blue in isle 4 - redneck alert

Wed, 12/19/2012 - 18:00 | 3080384 TideFighter
TideFighter's picture

You really are shit-for-brains.

"Squeeze 'em if ya' got them"

Wrong story, damn, I thought this was about breasts. 

Honest mistake when talking to a pussy.

Wed, 12/19/2012 - 18:05 | 3080401 Sophist Economicus
Sophist Economicus's picture

Got a code pink in aisle 6 - fag alert

Wed, 12/19/2012 - 19:00 | 3080633 BlackMagician
BlackMagician's picture

I guess that makes me a blackneck?

Wed, 12/19/2012 - 17:57 | 3080368 Bansters-in-my-...
Bansters-in-my- feces's picture

Hey buddy....

You spelled your name bacwards...kinda.

I mean ya gotta switch up te hero, and the Zero.

 

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