REI, LL Bean are the latest retailers to take steps against guns

REI in addition to L.L. Bean are the latest retailers to come out that has a stance within the ongoing gun debate, joining Kroger, Walmart in addition to Dick’s Sporting Goods following the Florida high school massacre.

Late Thursday, L.L. Bean tweeted which This particular will no longer sell guns or ammunition to anyone below age 21.

The privately held company sells firearms only at its flagship store in Maine. Those guns are focused on hunting, in addition to do not include assault-style firearms, high-capacity firearms, bump stocks or handguns, L.L. Bean tweeted on Friday.

REI, which does not sell guns, said This particular will stop purchasing products made by Vista Outdoor until the gun maker publicly states its plan to respond to the Florida shooting rampage which killed 17 people.

Vista products sold by REI included CamelBak water bottles in addition to Camp Chef stoves.

“We believe which This particular can be the job of companies which manufacture in addition to sell guns in addition to ammunition to work towards common sense solutions which prevent the type of violence which happened in Florida last month,” REI said in a statement.

“This particular morning we learned which Vista does not plan to make a public statement which outlines a clear plan of action,” This particular added. “As a result, we have decided to place a hold on future orders of products which Vista sells through REI while we assess how Vista proceeds.”

Vista did not respond to requests for comment. Shares of the company, which includes a market capitalization of $984 million, were down 10 percent Friday morning. The stock has lost about a quarter of its value since the Feb. 14 massacre.

On Thursday, American Outdoor Brands, formerly Smith & Wesson, saw shares plummet over 20 percent after reporting a large year-on-year sales decline. On Friday, the gun maker’s shares slid 2.6 percent.

American Outdoor Brands said its sales fell 32.6 percent year over year in its fiscal third quarter, which This particular attributed to challenging market conditions for firearms.

Leave a Reply

Your email address will not be published. Required fields are marked *

*

4 × one =