Wal-Mart Puts Limit on High-Demand Item

by Nate Wooley | January 31, 2013 9:05 am

[1]Mega-retailer Wal-Mart (NYSE:WMT[2]) is restricting the amount of ammunition that can be purchased in its stores.

The store is allowing customers to buy only three boxes of bullets per day, Reuters reports[3]. The limit has been put in place due to limited supplies caused by unusually high demand.

A spokeswoman for the Bentonville, Ark., company said it was trying to strike a balance between serving its customers and selling firearms and supplies responsibly. Wal-Mart is largest U.S. seller of guns.

Spokeswoman Ashley Hardie told Reuters, “In order to take care of as many customers as possible, starting Thursday, January 24, all ammunition sales were limited to three boxes per customer, per day as supply is limited at this time.”

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Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/08/Walmart-register-check-out.jpg
  2. WMT: http://studio-5.financialcontent.com/investplace/quote?Symbol=WMT
  3. Reuters reports: http://www.reuters.com/article/2013/01/30/us-usa-guns-walmart-ammunition-idUSBRE90T1ES20130130
  4. Target Launches 6 Online-Only Brands: http://investorplace.com/2013/01/target-launches-6-new-online-only-brands/
  5. Warning! Swiping Your Credit Card Could Cost You More Starting Jan. 27: http://investorplace.com/2013/01/warning-swiping-your-credit-card-could-cost-your-more-starting-jan-27/
  6. JCPenney Accused of Concocting ‘Fake’ Prices: http://investorplace.com/2013/01/jcpenney-accused-of-concocting-fake-prices/

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