(zerohedge.com) Welcome to the new normal recovery… if ever there was a headline that summed up the idiocy of the mal-invested distorted new normal, Wal-Mart just managed it:
- *WAL-MART CUTTING ORDERS AS UNSOLD MERCHANDISE PILES UP IN U.S.
So, it seems the “if we build it (or stock it), they will come (and buy)” mentaility has failed yet again… As we noted before, as goes Wal-Mart, so goes America…
Wal-Mart Stores Inc. is cutting orders it places with suppliers this quarter and next to address rising inventories the company flagged in last month’s earnings report.
U.S. inventory growth at Wal-Mart outstripped sales gains in the second quarter at a faster rate than at the retailer’s biggest rivals. Merchandise has been piling up because consumers have been spending less freely than Wal-Mart projected…
Sammie Wallace, 37, took a young girl hostage June 17, Midwest City police said. He was killed after a 30-minute standoff, which authorities say was a justified shooting.
The moment suspect Sammie Wallace snatched a 2-year-old girl from a shopping cart inside an Oklahoma Walmart.
Footage of a deadly hostage situation in a suburban Oklahoma City Walmart has been released by police.
The surveillance video shows the dramatic moments of June 17 as wanted felon Sammie Wallace grabs a 2-year-old girl inside the store, Midwest City police said. A police captain eventually shot the 37-year-old to death at point-blank range — action that was justified, according to police Chief Brandon Clabes.
“I mean we waited until the last second to use deadly force,” Clabes told NBC affiliate KFOR-TV on Friday. “No one wants to take a life, especially in the line of duty.”
Jan 30 (Reuters) – Walmart has started to limit sales of ammunition to three boxes per customer per day due to limited supplies, a spokeswoman said on Wednesday.
Sales of guns and ammunition have risen across the United States since the Dec. 14 shooting at a Newtown, Connecticut elementary school.
Walmart U.S., is the largest unit of Wal-Mart Stores Inc the world’s largest retailer and the largest U.S. gun seller. The Bentonville, Arkansas-based retailer had said that it works to strike the right balance between serving hunters and sportsmen and ensuring that it sells firearms responsibly.
“In order to take care of as many customers as possible, starting Thursday, Jan. 24, all ammunition sales were limited to three boxes per customer, per day as supply is limited at this time,” spokeswoman Ashley Hardie told Reuters on Wednesday.
Walmart was a charter member of New York City Mayor Michael Bloomberg’s coalition against illegal guns and adopted a 10-point code established by the Responsible Firearms Retailer Partnership that goes beyond what the law requires.
Data released on Monday by the Federal Bureau of Investigation’s National Instant Criminal Background Check System showed that nine of the top 10 days for firearms checks from Nov. 30, 1998, to Jan. 27, 2013, including Dec. 14, 2012, occurred since Adam Lanza killed 20 children and six adults at Sandy Hook Elementary School and then shot and killed himself. Lanza also killed his mother before the school massacre.
Walmart’s policy change was reported earlier by The City Wire, an Arkansas news outlet.