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Long Range Hunting & Shooting
New Owner of Remington Arms Talks of its FUTURE
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<blockquote data-quote="JimFromTN" data-source="post: 2001353" data-attributes="member: 113268"><p>Obama was one of the greatest gun salesmen the the gun industry ever had. Electing democrats are great for business. It sends republicans into a panic and they buy up all their product. One of the reasons remington went belly up was because Trump got elected. Gun manufacturers were expecting Hillary to win so the ramped up production before the election expecting a panic. Sales plummeted and Remington's profits went to zero. The reason Remington went belly up was because of their parent company Cerberus, not because of poor quality control of their product resulting in loss of sales so I am not sure if they will address those issues mentioned here. Oh and they did move production to a red state, Huntsville Alabama which didn't seem to help. They even filed bankruptcy in Alabama. On a positive note, Cerberus did make a profit off of Remington even though Remington filed bankruptcy. I imagine some of their business decisions which caused them to profit from Remington ultimately caused Remington to fail. Apparently, they liked to transfer debt around and Remington ended up with more than they could deal with. </p><p></p><p>I have owned a dozen rem 700's and they were all great shooters but I have never shot a $379 rem 700 with scope from Walmart so I imagine there are some not so great of quality rem 700's. Remington has made allot of deals with big box stores to produce cheap rem 700's. I know they have contracts with Walmart, Academy sports, Dicks sporting goods, as well as Gander Mountain which is out of business. I am sure there are others. I don't think they will be willing to give up those contracts in order to stop producing low grade 700's.</p></blockquote><p></p>
[QUOTE="JimFromTN, post: 2001353, member: 113268"] Obama was one of the greatest gun salesmen the the gun industry ever had. Electing democrats are great for business. It sends republicans into a panic and they buy up all their product. One of the reasons remington went belly up was because Trump got elected. Gun manufacturers were expecting Hillary to win so the ramped up production before the election expecting a panic. Sales plummeted and Remington's profits went to zero. The reason Remington went belly up was because of their parent company Cerberus, not because of poor quality control of their product resulting in loss of sales so I am not sure if they will address those issues mentioned here. Oh and they did move production to a red state, Huntsville Alabama which didn't seem to help. They even filed bankruptcy in Alabama. On a positive note, Cerberus did make a profit off of Remington even though Remington filed bankruptcy. I imagine some of their business decisions which caused them to profit from Remington ultimately caused Remington to fail. Apparently, they liked to transfer debt around and Remington ended up with more than they could deal with. I have owned a dozen rem 700's and they were all great shooters but I have never shot a $379 rem 700 with scope from Walmart so I imagine there are some not so great of quality rem 700's. Remington has made allot of deals with big box stores to produce cheap rem 700's. I know they have contracts with Walmart, Academy sports, Dicks sporting goods, as well as Gander Mountain which is out of business. I am sure there are others. I don't think they will be willing to give up those contracts in order to stop producing low grade 700's. [/QUOTE]
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New Owner of Remington Arms Talks of its FUTURE
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