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Mar 25th, 2012
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Remington may soon be out of business #6979865
12/02/17 04:55 PM
12/02/17 04:55 PM
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Sweese Offline OP
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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?


Regards,

Jay
Photographer Afield
www.jayschwisow.com

Re: Remington may soon be out of business [Re: Sweese] #6979869
12/02/17 04:59 PM
12/02/17 04:59 PM
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Over yonder.....
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Over yonder.....
Hope they make it......


Originally Posted By: skinnerback
Milf does the trick.

"You're statistically more likely to be killed by Hillary Clinton than an NRA member. - PolitiDiva

"You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
Re: Remington may soon be out of business [Re: Sweese] #6979877
12/02/17 05:11 PM
12/02/17 05:11 PM
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Its their quality issues now days that's causing their business issues.....not the political climate.

Re: Remington may soon be out of business [Re: Sweese] #6979883
12/02/17 05:31 PM
12/02/17 05:31 PM
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Dallas, TX
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When the head dies, the body follows. No bull market can compensate for incompetent management.


NRA Patron & DSC Lifer
Re: Remington may soon be out of business [Re: Sweese] #6979884
12/02/17 05:31 PM
12/02/17 05:31 PM
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Katy Texas
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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"!

Re: Remington may soon be out of business [Re: Sweese] #6979896
12/02/17 05:42 PM
12/02/17 05:42 PM
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Lubbock, TX
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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.




https://web.archive.org/web/20170223065011/http:/www.rrdvegas.com/silencer-cleaning.html
Re: Remington may soon be out of business [Re: JCB] #6979901
12/02/17 05:46 PM
12/02/17 05:46 PM
Joined: Dec 2008
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Wolfe City, TX
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Originally Posted By: JCB
Its their quality issues now days that's causing their business issues.....not the political climate.


That's it.



800 Yard Steel Range
Precision Rifle Instruction
Memberships and Classes Available
Re: Remington may soon be out of business [Re: Sweese] #6979920
12/02/17 06:02 PM
12/02/17 06:02 PM
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Ruger, Winchester, and Savage brought out new economy models to market at Walmart. Remington revamped it flagship guns for Walmart. Bad bad idea.

Re: Remington may soon be out of business [Re: Sweese] #6980055
12/02/17 08:13 PM
12/02/17 08:13 PM
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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.


Professionally trained and certified pistol and license to carry instructor.
Re: Remington may soon be out of business [Re: FiremanJG] #6980063
12/02/17 08:21 PM
12/02/17 08:21 PM
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Houston
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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.

Re: Remington may soon be out of business [Re: Korean Redneck] #6980078
12/02/17 08:38 PM
12/02/17 08:38 PM
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Over yonder.....
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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......


Originally Posted By: skinnerback
Milf does the trick.

"You're statistically more likely to be killed by Hillary Clinton than an NRA member. - PolitiDiva

"You Cannot Simultaneously Be Politically Correct And Intellectually Honest!"
Re: Remington may soon be out of business [Re: Sweese] #6980153
12/02/17 09:56 PM
12/02/17 09:56 PM
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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.
Re: Remington may soon be out of business [Re: SnakeWrangler] #6980226
12/02/17 11:09 PM
12/02/17 11:09 PM
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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^^^^

Re: Remington may soon be out of business [Re: Sweese] #6980266
12/03/17 12:01 AM
12/03/17 12:01 AM
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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.

Re: Remington may soon be out of business [Re: Sweese] #6980305
12/03/17 12:44 AM
12/03/17 12:44 AM
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I don't think the brand will disappear. If they fold up someone will pick it up and try to make it go.




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.
Re: Remington may soon be out of business [Re: Sweese] #6980355
12/03/17 01:31 AM
12/03/17 01:31 AM
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Until Remington looses their military contract they are not going anywhere

Re: Remington may soon be out of business [Re: RiverRider] #6980364
12/03/17 01:39 AM
12/03/17 01:39 AM
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Originally Posted By: RiverRider
I don't think the brand will disappear. If they fold up someone will pick it up and try to make it go.


Agree, hope someone can get it and restructure to a good gun company again. Remington has made some bad moves under its current and previous ownership. Buying companies up then making changes so those companies developed issues like Marlin and H&R. Don't think the buyout of Dakota messed that small segment up but it does surprise me that it didn't.

They made some very bad decisions / cost cutting things that just didn't work out and quality suffered, word of poor QC and decisions got out and cut into sales big time.

I think someone with the $ could pick up Marlin and H&R and bring them back to profitable companies. It will take a far different outlook and control from the top to to survive thought.

Re: Remington may soon be out of business [Re: Sweese] #6980399
12/03/17 02:14 AM
12/03/17 02:14 AM
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It's hard to be upset when a company gets what they deserve. They design a bad product, build it poorly, and charge a high price.

Re: Remington may soon be out of business [Re: Sweese] #6980499
12/03/17 03:32 AM
12/03/17 03:32 AM
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probably has a lot to do with all the newer guns in the same price point or lower that are not known quality issues. I cant dog remington but they sure can be hit and miss on quality in the last 5 years. All the recalls they have had hasnt helped any either I'm sure.

Re: Remington may soon be out of business [Re: QuitShootinYoungBucks] #6980629
12/03/17 11:17 AM
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Originally Posted By: QuitShootinYoungBucks
Meanwhile @Remington:
Horrible marketing of new products and calibers.

To include the raping and pillaging of Marlin Firearms and creating firearms with that roll stamp of no value. It was a boom for Henry Repeating Arms!


Re: Remington may soon be out of business [Re: jhenderson] #6980630
12/03/17 11:22 AM
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Originally Posted By: jhenderson
probably has a lot to do with all the newer guns in the same price point or lower that are not known quality issues. I cant dog remington but they sure can be hit and miss on quality in the last 5 years. All the recalls they have had hasnt helped any either I'm sure.
Not just better quality, but much better overall performance. They shoot more accurately, have a trigger that doesn't need to be immediately replaced, and offer a smoother action. And for less money...

The question IMHO is why anybody would buy a new Remington over the other offerings (Tikka, Savage, Ruger, Howa, etc...even Mossberg is a better value at this point).

Re: Remington may soon be out of business [Re: FiremanJG] #6980648
12/03/17 11:55 AM
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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.
Yep...and it's disheartening to me. I own two of the sweetest old BDLs you ever saw. They used to be an awesome firearms company. It's sad to see them circling the toilet. The company as it stands now doesn't represent what the company used to be but time simply doesn't stand still...companies will always rise and fall just like countries do.

Last edited by Deerhunter61; 12/03/17 12:00 PM.
Re: Remington may soon be out of business [Re: Sweese] #6980659
12/03/17 12:20 PM
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Older Remington rifles, even the old regular ADLs were nice guns. Hard to beat a good broken in wingmaster. I don't know why Remington decided to go to hell with their quality of these guns. I can't stand a 870 express now days. Hate the new Remington 700s. They should have kept everything the same and then if they wanted to produce a lower budget rifle they could have at least made something on par with weatherbys vanguard series rifles.

Last edited by CTK84; 12/03/17 12:21 PM.
Re: Remington may soon be out of business [Re: Sweese] #6980665
12/03/17 12:36 PM
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I'm a huge Remington supporter. That's because about 40 years ago my Dad bought me a 700, BDL, and soon after that I bought an 870. Fast forward to five year ago, I bought a Remington 700, 5R Milspec. That's Remington's top of the price scale rifle. After a year or so and a couple 100 rounds, I ponied up some more coin and put in a Timney trigger. The gun is a fantastic shooter, and I'll hunt with for the rest of my life. Three years ago I wanted something a little more mobile and lighter. I bought the same caliber in a Tikka CTR. More features, less $ and shoots just as well. Bought my stepson a rifle for his 30th, and without hesitation went with Tikka. For my price point on a rifle, Remington lost me to Tikka.


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Re: Remington may soon be out of business [Re: Sweese] #6980691
12/03/17 01:14 PM
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Doesn't Remington own other old firearm companies? I think Marlin is one of them.

"As one of the largest manufacturers in the world of firearms and ammunition, we have some of the most globally recognized brands including Remington, Bushmaster Firearms, DPMS/Panther Arms, Marlin, H&R, The Parker Gun, Tapco, Advanced Armament Corp., Dakota Arms, Nesika, Stormlake, Timbersmith and Barnes Bullets."


Dan,

Spring, Texas
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