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Low, low prices: Target hammers Wal-MartWal-Mart brings pistols back After sharply cutting back aboard the digit of stores namely sold guns in 2006, Wal-Mart says they'll be obtainable repeatedly in approximately half its stores.
By Parija Kavilanz, senior writerApril 28,
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NEW YORK (CNNMoney) -- Wal-Mart said Thursday that it is bringing guns back to many of its U.S. stores in an exertion apt elevate slumping sales.
In 2006, Wal-Mart (WMT, Fortune 500), the world's largest retailer stopped selling guns in a cloud of its stores,
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Wal-Mart currently sells rifles, shotguns and ammunition in about 1,
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Those firearms will immediately be available at about half of Wal-Mart's 4,000 stores.
The retailer doesn't sell handguns in anyone of its stores,
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After suffering seven straight quarters of falling sales, Wal-Mart says that it is adding more merchandise kind to stores and becoming extra aggressive on amounts versus its opponents.
Reintroducing guns is chapter of the retailer's push, Wal-Mart speaker Lorenzo Lopez said.
Lopez said Wal-Mart is focusing on stores in areas where hunting and fishing are popular activities.
'We achieved there is broader appeal for guns in some areas because of sporting absences," said Lopez.
He likewise said that a great many the firearms sold by Wal-Mart are made in the United States.
Lopez said buyers will must complete appropriate forms and backdrop checks ahead they can buy guns at Wal-Mart.