Remington Bankrupt?

[Bailey Guns]

Remington isn't the only gun company facing hard times. But companies go through bankruptcy all the time. It's not like they're going out of business.

[CapLock]

I have a Remington 700 that I bought new that shoots 2 inch plus groups. Next rifle I bought was a savage 10 fp. Half inch groups for half as much money. I've bought three savages in a row.
The Remington makes me feel like I bought an 800 dollar project gun.

[Jer]

Convenient timing with what must be millions in rebates pending.

[Martinjmpr]

Didn't Winchester go under a few years back, only to emerge under another name or another corporate shell?

[glock74]

Convenient timing with what must be millions in rebates pending.

I've been waiting for my rebate for almost 4 months. I don't think I will get it now.

[Ronin13]

That article is a bit odd... Black Friday 2017 saw a record number of gun sales BGC both at the NICS level and CBI here in CO. Perhaps Remington didn't reap many benefits from that, but I would hardly say demand for firearms has dried up. Maybe they're having a tough go of it, but all the industry folks I've spoken to have said that sales are up this year by comparison to last year- especially with the demand for Sig P320 (following the Army's decision- prior to the drop issue), and Glock sales are at an all time high. Also, a few are saying next year's SHOT Show is going to reveal some new products expected to be big sellers. The market is doing just fine. Perhaps some manufacturers aren't able to keep pace?

[Martinjmpr]

That article is a bit odd... Black Friday 2017 saw a record number of gun sales BGC both at the NICS level and CBI here in CO. Perhaps Remington didn't reap many benefits from that, but I would hardly say demand for firearms has dried up. Maybe they're having a tough go of it, but all the industry folks I've spoken to have said that sales are up this year by comparison to last year- especially with the demand for Sig P320 (following the Army's decision- prior to the drop issue), and Glock sales are at an all time high. Also, a few are saying next year's SHOT Show is going to reveal some new products expected to be big sellers. The market is doing just fine. Perhaps some manufacturers aren't able to keep pace?

I would guess that the types of firearms that are setting record sales are AR-type rifles and all sorts of handguns, mostly semi-autos. I don't know if Remington still makes the R15 but other than that, I can't think of anything that Remington makes that would fall into the "popular gun" category. The 700 has well documented safety issues, and I've never heard whether or not they finally resolved those. Either way, I would think the damage has been done based on internet reports, TV news hit pieces, etc. The smart thing for Remington to do, IMO, is to completely redesign the 700 and - most importantly - give it a completely new name so there is no association in the public mind to the old, dangerous 700's.

Bottom line, the bump in firearms sales is not likely to have helped Remington.

[brutal]

I have a Remington 700 that I bought new that shoots 2 inch plus groups. Next rifle I bought was a savage 10 fp. Half inch groups for half as much money. I've bought three savages in a row.
The Remington makes me feel like I bought an 800 dollar project gun.

FWIW, I have a stock 700P LTR that shoots 1/2 MOA with factory loads.

[rondog]

Remington's ass-raping of Marlin left a pretty bad taste in the Marlin lovers world. They're slowly getting better but there were a lot of turds produced.

[Scanker19]

Isn’t the 870DM (detachable mag) coming soon?