'We know these decisions will inconvenience some of our customers, and we hope they will understand,' Walmart CEO Doug McMillon said.
On Tuesday, Walmart announced it would change its policies around gun sales in response to two deadly shootings at stores in Texas and Mississippi. The retailers also said it's"respectfully requesting" that shoppers stop openly carrying firearms in their stores. Walmart shares rose 1% to an all-time high on Wednesday following the news. The change was met with both praise and criticism.
On Tuesday, Walmart announced it would change its policies around gun sales in response to two deadly shootings at stores in Texas and Mississippi. The retailers also said it's"respectfully requesting" that shoppers stop openly carrying firearms in their stores. Walmart shares rose 1% to an all-time high on Wednesday following the news. The change was met with both praise and criticism.
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Watch business experts debate the effects of Walmart's revised gun policyWalmart is dramatically stepping back from ammunition sales. The retailer will discontinue all sales of ammunition for short-barrel rifles and handguns. Sam Zell, chairman of Equity Group Investments, Jeff Sonnenfeld, senior associate dean for leadership studies at Yale School of Management, and William Cohan, special correspondent for Vanity Fair, join 'Squawk Box' to discuss.
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