The Bobcat Nation

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.

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?

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.

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".

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!

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.

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.