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#6979865 - 12/02/17 10:55 AM Remington may soon be out of business
Sweese Offline
Bird Dog

Registered: 07/03/15
Posts: 293
Loc: North Texas
I just read this recent article from the Motley Fool regarding Remington. It is sad to read that an American company with such a great history and with so many of us enjoying a Remington at some point in our lifetime, most likely an 870, 1100/11-87 or 700, this company may not make it.

Here is the article:

https://www.fool.com/investing/2017/11/30/is-this-major-gun-maker-about-to-go-bankrupt.aspx

Sales are down 78% year over year, a $60 million net loss for the first 9 months of 2017, they have over 1 billion in debt, and are burning through the cash reserves.

Who would have thought 10 years ago that the Obama administration would create such a boom for the firearms industry and the Trump administration a cooling off period, or the strong demand out there for pistols and assault rifles over general hunting firearms?
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#6979869 - 12/02/17 10:59 AM Re: Remington may soon be out of business [Re: Sweese]
SnakeWrangler Offline
THF Celebrity

Registered: 01/22/11
Posts: 34883
Loc: Over yonder.....
Hope they make it......
_________________________
"You're statistically more likely to be killed by Hillary Clinton than an NRA member. - PolitiDiva

"Death is permanent...everything else is temporary!"

"You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"

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#6979877 - 12/02/17 11:11 AM Re: Remington may soon be out of business [Re: Sweese]
JCB Online   content
THF Celebrity

Registered: 02/06/07
Posts: 23471
Loc: M.I.A.
Its their quality issues now days that's causing their business issues.....not the political climate.

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#6979883 - 12/02/17 11:31 AM Re: Remington may soon be out of business [Re: Sweese]
syncerus Online   content
Veteran Tracker

Registered: 12/01/08
Posts: 2666
Loc: Dallas, TX
When the head dies, the body follows. No bull market can compensate for incompetent management.
_________________________
NRA Endowment & DSC Lifer

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#6979884 - 12/02/17 11:31 AM Re: Remington may soon be out of business [Re: Sweese]
Walkabout Online   content
Tracker

Registered: 09/21/11
Posts: 513
Loc: Katy Texas
The old BDL's were well made quality guns. It's amazing to watch a successful corporation in a mad rush to produce a lower quality cheaper gun to enhance profits. I would be sorry to see them fail but they got exactly what they wanted. So, "ya miss me now"!

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#6979896 - 12/02/17 11:42 AM Re: Remington may soon be out of business [Re: Sweese]
QuitShootinYoungBucks Online   content
THF Trophy Hunter

Registered: 11/01/12
Posts: 8772
Loc: Lubbock, TX
Savages shoot well and really upped their game in their offerings.
Tikka is catching fire, quality product in every aspect, affordable.
Howa is making a push.
S&W and Ruger making big pushes in handguns sales
Ruger American series and Savage Axis really cut into the economy market
Federal, Hornady, and some others pushed new and better products in the ammo market.


Meanwhile @Remington:
Horrible marketing of new products and calibers. R15 and R25 could have lead the way in AR market but fell on their face
Endless trigger/quality issues in the main line, 700s.
870s are much ‘cheaper’ than they used to be
1st relaunch of R51 was a dismal failure, BAD quality
2nd relaunch not much better
1911 models are some of the worst 1911s offered
Importing Turkish rebranded knockoffs was a bad idea that furthered the ‘Remington quality sucks’ outcry.
Bad quality ammo

Let’s face it, the last 10-15 years has really damaged the brand, maybe to the point of no return.
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#6979901 - 12/02/17 11:46 AM Re: Remington may soon be out of business [Re: JCB]
FiremanJG Online   content
THF Celebrity

Registered: 12/16/08
Posts: 24542
Loc: Wolfe City, TX
Originally Posted By: JCB
Its their quality issues now days that's causing their business issues.....not the political climate.


That's it.
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#6979920 - 12/02/17 12:02 PM Re: Remington may soon be out of business [Re: Sweese]
gusick Offline
Pro Tracker

Registered: 07/19/13
Posts: 1518
Ruger, Winchester, and Savage brought out new economy models to market at Walmart. Remington revamped it flagship guns for Walmart. Bad bad idea.

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#6980055 - 12/02/17 02:13 PM Re: Remington may soon be out of business [Re: Sweese]
jeffbird Online   content


Registered: 03/09/09
Posts: 2919
A corporation going through a chapter 11 bankruptcy just helps it reduce and restructure debt down to manageable levels. It might end up with a better operating budget, which could help produce better products. The big losers are the holders of debt and pensioners.

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#6980063 - 12/02/17 02:21 PM Re: Remington may soon be out of business [Re: FiremanJG]
Korean Redneck Offline


Registered: 06/24/09
Posts: 2521
Loc: Houston
Originally Posted By: FiremanJG
Originally Posted By: JCB
Its their quality issues now days that's causing their business issues.....not the political climate.


That's it.


I highly dislike obama in many ways but he never actually did anything real to the gun industry. In fact, the biggest growth ever was under his presidency.

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#6980078 - 12/02/17 02:38 PM Re: Remington may soon be out of business [Re: Korean Redneck]
SnakeWrangler Offline
THF Celebrity

Registered: 01/22/11
Posts: 34883
Loc: Over yonder.....
Originally Posted By: Korean Redneck
Originally Posted By: FiremanJG
Originally Posted By: JCB
Its their quality issues now days that's causing their business issues.....not the political climate.


That's it.


I highly dislike obama in many ways but he never actually did anything real to the gun industry. In fact, the biggest growth ever was under his presidency.
He went after banking rules making it harder for companies in the gun business to stay in business......
_________________________
"You're statistically more likely to be killed by Hillary Clinton than an NRA member. - PolitiDiva

"Death is permanent...everything else is temporary!"

"You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"

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#6980153 - 12/02/17 03:56 PM Re: Remington may soon be out of business [Re: Sweese]
P_102 Offline
Pro Tracker

Registered: 09/23/08
Posts: 1089
Loc: Grapevine
It was the biggest growth ever because everyone was afraid of what he might do in the future.
Remington simply failed to keep up with their competitors offerings. The trigger debacle was a major factor...JG is 100% correct in that they could have gained leaps and bounds by partnering with Timney, instead they kept having problems.

P_102
_________________________
Do not trifle in the affairs of dragons, for thou art crunchy and taste good with ketchup.

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#6980226 - 12/02/17 05:09 PM Re: Remington may soon be out of business [Re: SnakeWrangler]
Cool Mo D Offline
Extreme Tracker

Registered: 04/15/11
Posts: 4971
Loc: E. TX.
Originally Posted By: SnakeWrangler
Originally Posted By: Korean Redneck
Originally Posted By: FiremanJG
Originally Posted By: JCB
Its their quality issues now days that's causing their business issues.....not the political climate.


That's it.


I highly dislike obama in many ways but he never actually did anything real to the gun industry. In fact, the biggest growth ever was under his presidency.
He went after banking rules making it harder for companies in the gun business to stay in business......

This^^^^

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#6980266 - 12/02/17 06:01 PM Re: Remington may soon be out of business [Re: Sweese]
ralph Offline
Veteran Tracker

Registered: 09/03/04
Posts: 2467
I would hate to see the name disappear. I hope the company can recover one way or another but they do have a steep hill to climb.

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#6980305 - 12/02/17 06:44 PM Re: Remington may soon be out of business [Re: Sweese]
RiverRider Online   content
THF Trophy Hunter

Registered: 11/11/07
Posts: 7971
Loc: Wise Co.
I don't think the brand will disappear. If they fold up someone will pick it up and try to make it go.
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I'm here to give and receive knowledge, not affirmation or adoration. If you don't like it, mierda dura. Intellectual honesty is not for fragile egos.

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