Friday, April 29, 2011

Revenue slide, Wal-Mart Selling Firearms Soon


Wal-Mart says it will immediately return the sale of firearms, including rifles and pistols, to more than 500 stores in the U.S..

Giant retailers stopped selling guns at hundreds of 3.600 stores in the U.S. in 2006, citing declining consumer demand.

But a spokesman said that the firearm be returned to the sales racks as part of an overall drive to return the product 8.000.

The news comes two months after Wal-Mart announced a reduction in per-seventh consecutive quarter in U.S. sales.

Wal-Mart will provide more merchandise in its stores in an effort to "offer customers the widest diversity of our products," said a spokesman Lorenzo Lopez.

He added that the firearm will be part of that encouragement, which he says has been planned for months.

"Several years ago we tried to streamline the diversity," said Lopez, referring to the decision in 2006 to reduce the supply of firearms in many Wal-Mart stores.

Wal-Mart currently sells rifles, pistols, and ammunition in about 1,000 locations in the U.S..

That will increase to half of his store under a change of 3.600 presented on Thursday (28 / 4).

Lopez said the Wal-Mart focus on areas where hunting and fishing are popular.

Sales of weapons that can be traced federal grow more than 12% in the first quarter of 2011. However, growth has mainly occurred on the gun, which is not sold by Wal-Mart.

Wal-Mart reported its seventh monthly decline in sales at U.S. stores due to loss of customers who switch to their rivals with cheaper price.

In the fourth quarter of 2010, sales in the same stores fell 1.8% in the U.S., but the company benefited from strong overseas sales.

Wal-Mart set a net income of 2.6 billion dollars in the fourth quarter, up from 9.4 billion dollars a year earlier.

During the year 2010, Wal-Mart's net income was 17 billion dollars, up from 14.9 billion dollars in 2009.

Figures profit was driven by cost cutting and strong international sales, benefited from currency exchange rate movements.

The company is losing customers in the U.S. mainland to the shops "dollar" after changing the strategy of "everyday low prices" to be selective price cuts.

They also reduce the range of goods on offer, a decision which the company says they regret it so far.

No comments:

Post a Comment