Walmart just lost $800-$1200 a month worth of business from me and probably will never notice or care. As far as a boycott having impact, in theory it could, in reality most will not inconvenience themselves or spend an extra few dollars to shop elsewhere. The 80/20 rule applies even when it comes to standing up for rights or beliefs.
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I think sportsmen have historically showed department stores that we absolutely have an impact. Every department store that I can remember who chose to stop selling firearms has at least filed for bankruptcy or has completely gone out of business. I was hoping that Wal-mart was watching and would hold out. I don't primarily shop there but them selling firearms and hunting items kept prices competitive. Anyone even remember Service Merchandise, Western Auto, Montgomery Wards? All examples of companies that used to sell guns and went out of business after giving in to pressure from people who never shopped at their stores!! I believe a boycott will definitely affect them!