Gunmakers Are Losing Retailers That Dont Even Buy Guns
By Kim Bhasin and Polly Mosendz at Bloomberg
https://www.bloomberg.com/news/articles/2018-03-02/massacre-blowback-threatens-gunmakers-as-retailers-flee
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Recreational Equipment Inc., an outdoor-goods retailer that doesn’t sell guns, announced on Thursday that it halted all orders from Vista’s various brands. In a statement posted on its website, REI said it’s the responsibility of companies that sell firearms to seek out “common sense solutions” to prevent future mass shootings.
“We learned that Vista does not plan to make a public statement that outlines a clear plan of action,” REI said. “As a result, we have decided to place a hold on future orders of products that Vista sells through REI while we assess how Vista proceeds.”
The Running Room, a Canadian chain that also doesn’t sell firearms, stopped all new orders of CamelBak-brand packs because of its parent’s gun-manufacturing operation. Mountain Equipment Co-operative, a Canadian retailer with more than 5 million members, also announced it would cut ties with Farmington, Utah-based Vista. Chief Executive Officer David Labistour wrote an open letter to his customers to tell them that, effective immediately, MEC would suspend all further orders with Vista’s brands. Thousands of members called for MEC to stop selling Vista’s products, he wrote, and the company had to respond.
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Shares of Vista have fallen almost 19 percent, to $15.91, since the Feb. 14 attack. Seventeen people were killed in the mass shooting at Marjory Stoneman Douglas High School.
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