Gun retailers face backlash from BlackRock and New York comptroller – New York Business Journal

Gun retailers face backlash from BlackRock and New York comptroller - New York Business Journal

Changes continue to permeate businesses that sell firearms. BlackRock Inc. plans to block Walmart Inc. (NYSE: WMT) and Kroger Co. (NYSE: KR) from socially conscious exchange-traded funds (ETFs) because they sell firearms, according to The Wall Street Journal . Both retailers had said earlier that they would no longer sell firearms to people under the age of 21. Dick’s Sporting Goods Inc. has also been blocked, even though the chain announced that it will stop selling assault-style rifles at all of its stores nationwide following the Feb. 14 shooting at Marjory Stoneman Douglas High School in Parkland, Florida when 17 students and adults were killed. The news comes on the heels of an announcement from New York Comptroller Thomas DiNapoli . The financial watchdog sent letters to nine big-name companies asking them to consider whether gun transactions should be classified with restricted high-risk purchases like illicit drugs. DiNapoli reached […]

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