Wal-Mart Could Be Impacted By Public Policy
Posted at 9:39 a.m. on April 5, 2013
Former Arkansas Sen. Blanche Lincoln (D), now with Alston & Bird LLP, has registered to lobby for Wal-Mart Stores Inc. Alston & Bird also registered Robert Holifield, former staff director to the Senate Finance subcommittee on International Trade, and former deputy staff director of the Commodity Future Trading Commission. They will lobby on “matters of importance to the retail industry.” Wal-Mart reported spending $6.13 million on lobbying in 2012. See lobbying profile.
Remington Outdoor Company Inc. (NC), a firearms and ammunition manufacturer, has registered to lobby on defense, firearms and environment issues. Specific lobbying issues include small arms sales, foreign military sales, legislation concerning assault weapons, background checks, and legislation to exempt lead ammunition. Otto Weigl is the lobbyist.
From Remington Outdoor Company Inc. annual report: “A substantial amount of Remington’s business come from one “national account” customer. Approximately 16%, 15% and 12% of our total sales for the years ended December 21, 2012, 2011, and 2010, respectively, and 14% of our accounts receivable balance for both years ended December 31, 2012 and 2011, were attributable to one national account, Wal-Mart. Our sales to Wal-Mart are generally not governed by a written long-term agreement. In the event that Wal-Mart significantly reduces or terminates its purchases of firearms and/or ammunition from us, our financial condition, results of operations or cash flows, could be adversely affected.”