Remington Files for Bankruptcy

A mellow place for Bobcats to discuss topics free of political posturing

Moderators: rtb, kmax, SonomaCat

Post Reply
User avatar
CelticCat
Golden Bobcat
Posts: 9226
Joined: Thu Apr 01, 2004 12:55 pm
Location: Mt Vernon, WA

Remington Files for Bankruptcy

Post by CelticCat » Tue Feb 13, 2018 9:51 am

Just another sign of the declining firearms industry. I just got out of the industry myself, was getting concerned about my job security. It's taken a big hit since Trump was elected.


R&R Cat Cast - the only Bobcat fan podcast - https://anchor.fm/rrcatcast
Twitter - @rrcatcast

User avatar
allcat
Golden Bobcat
Posts: 7281
Joined: Mon Nov 02, 2009 5:13 pm
Location: 90 miles from Nirvana (Bobcat Stadium)

Re: Remington Files for Bankruptcy

Post by allcat » Tue Feb 13, 2018 11:19 am

CelticCat wrote:Just another sign of the declining firearms industry. I just got out of the industry myself, was getting concerned about my job security. It's taken a big hit since Trump was elected.
Isn't this more about getting rid of lawsuit liability than sales?


Joining the whiners club till we never lose a game again.

User avatar
CelticCat
Golden Bobcat
Posts: 9226
Joined: Thu Apr 01, 2004 12:55 pm
Location: Mt Vernon, WA

Re: Remington Files for Bankruptcy

Post by CelticCat » Tue Feb 13, 2018 12:29 pm

Remington was likely mismanaged for years, in additional to the lawsuits. I think the declining sales was probably the factor that pushed them over.

Most manufactures were down about 30-50% YOY in revenue and upwards of 80% profit, at least as of Q3 2017, since they had to essentially discount the sh*t out of everything for it to move.


R&R Cat Cast - the only Bobcat fan podcast - https://anchor.fm/rrcatcast
Twitter - @rrcatcast

Mr Lisle
1st Team All-BobcatNation
Posts: 1528
Joined: Tue Jan 01, 2013 11:45 am

Re: Remington Files for Bankruptcy

Post by Mr Lisle » Wed Feb 14, 2018 8:02 am

From what I read they are saying part of the reason for declining gun sales is a "reverse Trump effect". During the Obama years people were buying up guns in case there was actually a change in the second amendment. Now, with Trump an avid supporter of the second amendment, the fear factor has gone away and sales have "declined".



User avatar
RickRund
BobcatNation Hall of Famer
Posts: 3147
Joined: Tue Jun 22, 2010 6:08 pm
Location: Post Falls ID

Re: Remington Files for Bankruptcy

Post by RickRund » Wed Feb 14, 2018 9:16 am

Mr Lisle wrote:From what I read they are saying part of the reason for declining gun sales is a "reverse Trump effect". During the Obama years people were buying up guns in case there was actually a change in the second amendment. Now, with Trump an avid supporter of the second amendment, the fear factor has gone away and sales have "declined".
Makes very good sense...
I bulked up under Obama!! And also due to California's stand on firearms!



User avatar
CelticCat
Golden Bobcat
Posts: 9226
Joined: Thu Apr 01, 2004 12:55 pm
Location: Mt Vernon, WA

Re: Remington Files for Bankruptcy

Post by CelticCat » Wed Feb 14, 2018 10:43 am

Mr Lisle wrote:From what I read they are saying part of the reason for declining gun sales is a "reverse Trump effect". During the Obama years people were buying up guns in case there was actually a change in the second amendment. Now, with Trump an avid supporter of the second amendment, the fear factor has gone away and sales have "declined".
There is more to it than that, but that's certainly a part of it. A lot of inventory was built up in anticipation of a Clinton win, so the biggest problem the gun industry has right now isn't a pro-gun White House, it's excess inventory.

Manufacturers have discounted heavily to move product, retailers have absorbed some of this discount. Gun prices have been very low all year long, it'll be interesting to see if customers are willing to go back to the pre-discount prices with a pro-gun White House. I don't think so, which is why I got out. My company was too small to adsorb a few years in the red.


R&R Cat Cast - the only Bobcat fan podcast - https://anchor.fm/rrcatcast
Twitter - @rrcatcast

User avatar
WeedKillinCat
1st Team All-BobcatNation
Posts: 1750
Joined: Fri Sep 23, 2005 7:19 pm
Location: Billings Heights

Re: Remington Files for Bankruptcy

Post by WeedKillinCat » Tue Feb 27, 2018 2:48 pm

I would never support Remington after all of those years they knew they had a problem with the gun firing without the trigger being pulled. It was a simple inexpensive fix and they refused to take care of it.


1993 Agronomy
If You Want To Get To Heaven-----You Gotta Raise A Little Hell

Post Reply