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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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Wed, 12/19/2012 - 19:54 | 3080827 object_orient
object_orient's picture

In this fantasy of yours, are all these rifle-wielding hunters marching in formation against liberal Hollywood gun-grabbers? Are FBI, ATF, etc, staffed full of liberals? Did the millions of gun-owning Americans prevent Ruby Ridge or Waco from happening? By all means, buy all the guns you want. But all the bravado in this thread is ridiculous.

Wed, 12/19/2012 - 20:13 | 3080886 Freddie
Freddie's picture

F Hollywood and F TV.   If LA has riots - this time. Good luck.  All the libs were climbing over each other to try to get a gun during Rodney King.   The cops were no where to be found. 

Wed, 12/19/2012 - 23:07 | 3081429 CoolBeans
CoolBeans's picture

Do NOT come crying to any of us when you're running scared.  You deserve what you get in the end.  That was not intended to make an assumption about your sexuality - you obviously are sensitive about that so I wouldn't do that.  

Wed, 12/19/2012 - 18:41 | 3080565 Overfed
Overfed's picture

5 million? The number is probably more like 60 million.

It's only $20/year to join GOA. Imagine if GOA had as many members as NRA.

Wed, 12/19/2012 - 17:47 | 3080316 dirtyfiles
dirtyfiles's picture

Igun new Imania

Wed, 12/19/2012 - 17:50 | 3080318 Overfed
Overfed's picture

The most surefire way to make Americans want something more than ever is to make it illegal. Gawd, O'bomb-a and his minions are fuckin' tools.

Wed, 12/19/2012 - 18:10 | 3080424 busted by the b...
busted by the bailout's picture

Kneejerk gun and ammo sales increase 4thQ GDP by +0.3798. 

Corporations win again, invest profits in Communist China.

Wed, 12/19/2012 - 17:50 | 3080339 DutchR
DutchR's picture

So now do you feel safe already?

 

World wants to know, mrekans being wound up thiter than a whatchamakalid on dyslexia.

 

Please buy all you need to feel safe....

 

 

AND LEAVE THE REST OF THE WORLD ALONE

 

thank you

Wed, 12/19/2012 - 18:14 | 3080438 TSA gropee
TSA gropee's picture

Yeah, that policy worked well for you when Germany overran your borders at the onset of WWII.

.  

Wed, 12/19/2012 - 18:15 | 3080445 CrockettAlmanac.com
CrockettAlmanac.com's picture

The fellow who wants to take Americans' guns for our own good is the same guy who bombs foreign folks for their own good.

Wed, 12/19/2012 - 18:21 | 3080480 SilverDOG
SilverDOG's picture

+1 x QEinfinity lol

Wed, 12/19/2012 - 22:07 | 3081262 Tourist2008
Tourist2008's picture

Well, I have read through this thread and cannot stop but shake my head in disbelief. That Walmart should be selling guns says to me that you guys are so far out there that there is probably no way back .... best of luck as you "self-defend" each other .....

Wed, 12/19/2012 - 17:51 | 3080340 Bansters-in-my-...
Bansters-in-my- feces's picture

Off topic kinda.

Silver is going to be sold out soon too with the sale that is about to come our way.....

So the relation to story is sold out.

Kitcos silver page shows NEGATIVE -5.80% FOR ONE YEAR LEASE RATE.

Every time this happens the fuckers load up and drive the price down .

Check it out on kitcos silver lease rate page and watch for the big sale comming up.

Cheers..!

Ps...fuck you Jon.

Wed, 12/19/2012 - 18:00 | 3080381 zerotohero
zerotohero's picture

Yes silver is going to sell out but it's because the NRA now believes in Vampires and god knows their members are gonna need all the silver bullets they can get....at Walmart??

Wed, 12/19/2012 - 18:12 | 3080427 Aurora Ex Machina
Aurora Ex Machina's picture

Silver bullets are for lycanthropes or witches, not vampires.

 

 

If you're going to be snarky, get your mythology straight.

Wed, 12/19/2012 - 18:15 | 3080440 johnQpublic
johnQpublic's picture

didnt he say earlier in the thread that he was stupid as a bag of nails?

Wed, 12/19/2012 - 18:15 | 3080444 zerotohero
zerotohero's picture

u get the point

Wed, 12/19/2012 - 18:17 | 3080458 CrockettAlmanac.com
CrockettAlmanac.com's picture

That's it -- the pointy stake is for vampires. You're catching on.

Wed, 12/19/2012 - 18:22 | 3080487 zerotohero
zerotohero's picture

meh - not enough coffee today

Wed, 12/19/2012 - 18:24 | 3080495 SilverDOG
SilverDOG's picture

Surely, "pointy" and "wood" are his #1 distraction.

Wed, 12/19/2012 - 18:39 | 3080559 zerotohero
zerotohero's picture

uhoh gun lover and homophobe - nice combo

Wed, 12/19/2012 - 20:55 | 3081007 Hacked Economy
Hacked Economy's picture

How does homophobia factor into this thread??
 
 
 
"homo" = same
"phobia" = fear

So if someone disagrees with you, you're saying they're therefore afraid of you?  If you don't agree with my choice for my personal car, can I say you're afraid of cars?

Is there something you're not telling us?

Wed, 12/19/2012 - 23:04 | 3081415 CoolBeans
CoolBeans's picture

I think you hit a nerve w/Zero folks and Zero's become defensive about his sexuality.  He brought it up - not you guys.  Then again, he's probably used to bringing it up on his own anyway.

Thu, 12/20/2012 - 00:16 | 3081597 zerotohero
zerotohero's picture

meh i can go both ways my friend - no sensitive

Thu, 12/20/2012 - 00:34 | 3081624 Calmyourself
Calmyourself's picture

Actually you are more accurately a hoplophobe.  Full of logical fallacies as well but a good enema may cure that, I recommend puree of habanero usually works with uptight libs who are sure they are smarter than everyone.

Wed, 12/19/2012 - 18:30 | 3080521 Aurora Ex Machina
Aurora Ex Machina's picture

Oooh, snap. Love it.

 

Reminds me of "The Quick and the Dead"; bleating about "not enough coffee" isn't going to slow those vampires down, now is it?

Wed, 12/19/2012 - 18:38 | 3080553 zerotohero
zerotohero's picture

Lets all have a round table discussion about barrel length and bore size - THEN I will get a woody

Wed, 12/19/2012 - 19:19 | 3080707 CrockettAlmanac.com
CrockettAlmanac.com's picture

 

bore size

 

You've bored me endlessly. You should be proud.

Wed, 12/19/2012 - 19:22 | 3080720 Aloha
Aloha's picture

I do believe it's and it's general concensus here that you are incapable of achieving one.

You're great with the lefty labels, I will give you that. You've absorbed and repeat those so well.

You're here why?

Wed, 12/19/2012 - 20:52 | 3081030 zerotohero
zerotohero's picture

I salute you sir for the "great" - I am here as you are here - you blow smoke from your pie hole which you believe as do I - isn't that in your constipation - right to free speech - or maybe thats some other country

Wed, 12/19/2012 - 21:07 | 3081079 Aloha
Aloha's picture

No caps lock?

 

Wed, 12/19/2012 - 23:01 | 3081409 CoolBeans
CoolBeans's picture

....trolling, trolling, trolling....keep those keyboards rolling....

"Zero" fits perfectly.

Wed, 12/19/2012 - 22:59 | 3081405 CoolBeans
CoolBeans's picture

Hopefully sarc.

Otherwise you're still a zero.

Sorry...it was just wellin' up inside me.

Wed, 12/19/2012 - 18:19 | 3080467 Swarmee
Swarmee's picture

My rough read on this was to expect at least $29 Ag again very soon, possibly retest July prices, thanks for the heads up on the lease rates.

DCA is the name of the game, but sales are always welcome.

Wed, 12/19/2012 - 21:12 | 3081103 aphlaque_duck
aphlaque_duck's picture

That looks like a charting glitch to me. Is there another source for this data?

Wed, 12/19/2012 - 17:58 | 3080359 LMAO
LMAO's picture

Merikas' war economy and its' death and destruction branch is probably the only industry which is totally oblivious to the concept of channel stuffing.

Wed, 12/19/2012 - 17:55 | 3080360 Xibalba
Xibalba's picture

rather be carried by six than judged by 12

Wed, 12/19/2012 - 17:59 | 3080376 The Shootist
The Shootist's picture

Why not be carried by 30?

Wed, 12/19/2012 - 18:59 | 3080627 Freddie
Freddie's picture

Why not carry PMag 30's? 

Wed, 12/19/2012 - 18:06 | 3080408 Agent P
Agent P's picture

I hope you don't hold your gun backwards too.

Wed, 12/19/2012 - 18:16 | 3080448 johnQpublic
johnQpublic's picture

so you'd rather be dead than defend yourself?

really?

 

judged by twelve before carried by six ftmfw

Wed, 12/19/2012 - 18:40 | 3080567 Xibalba
Xibalba's picture

im not as think as you drunk i am

Wed, 12/19/2012 - 19:21 | 3080719 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

You can get a good look at a butcher's ass by sticking your head up there. But, wouldn't you rather to take his word for it?

Mr. Brady, Customer: [confused] What?

Wed, 12/19/2012 - 18:01 | 3080391 Waterfallsparkles
Waterfallsparkles's picture

I am not surprised.  What did the Government or the Police do to not only prevent the shooting but to intervene?  I goes to show that the Police cannot be there in time to prevent someone getting killed.  The only way to protect oneself is to be armed as well.

Interesting on Drudge today was Body Armor for Children.  Is that what we have come to?  Those Gun Free zones just seem to attract People trying to do the most damage.  Both the School and the Movie Theater were Gun free zones.

Wed, 12/19/2012 - 18:17 | 3080449 Frank N. Beans
Frank N. Beans's picture

gun free zone = open season on unarmed humans

way to advertise it

Wed, 12/19/2012 - 19:01 | 3080638 Freddie
Freddie's picture

Columbine - the cops stayed outside until the shooting stopped.  The kids and adults inside were calling on cell phones begging for help.

 

No more Lock Down BS.  If they hear any shots, pull the fire alarm and everyone runs out of the building.  It would have saved lives in Columbine and CT. 

Wed, 12/19/2012 - 19:46 | 3080801 Waterfallsparkles
Waterfallsparkles's picture

As I understand the Police were ORDERED to STAND DOWN until the Swat team came.  How many Children did we lose on that order?

Wed, 12/19/2012 - 22:56 | 3081399 CoolBeans
CoolBeans's picture

When I lived in southern CA - and now in FL - all of the open layout schools mean most of the classrooms have more than one door in/out.  Obviously more space to protect -- but during my time in northern MI, it sort of freaked me that the classrooms had one way in, one way out.  

Heck, homes require egress  -- why not schools?  Kids and staff need to be able to escape if possible.  That and having certain of the staff be properly trained and armed.  One armed officer in a school isn't going to cut it.  A shooter will know to get this fella first and after that - he'll have free reign.

Thu, 12/20/2012 - 07:38 | 3082008 Ain't No Sunshine
Ain't No Sunshine's picture

Long ago, schools never used to be fenced in....our children are kept in cages.

 

Wed, 12/19/2012 - 18:05 | 3080403 MrBoompi
MrBoompi's picture

Our peashooters are no threat to Uncle Sam, regardless of what the sweaty little doomsday preppers hiding in their bunkers think.

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