Remington approaching bankruptcy
- Thread starter 308pirate
- Start date
They've been buying since 2007. They've added a lot of products and they also moved production to Alabama I believe. They've incurred a lot of debt. Now that gun sales have slowed and there are less firearms being sold in the last 8 or more years, it's not surprising. But I believe they are just reorganizing their debt. I'm sure they are going to their banks and asking for a longer term for their repayment plans.
They aren't going anywhere.
They aren't going anywhere.
...well, and as the buying public is recognizing that in a lot of ways, their competition is offering better bang for the buck in regard to their bread-and-butter products. For Joe Deerhunter, it's just tough to justify a BDL in a tupperware stock for $600+ when something like the Ruger American is available for about 60% of the price and offers similar (or better) features/quality.
As far as the enthusiast community goes, the R700 is no longer the only* game in town; stocks, triggers, etc... for non-Remington platforms are becoming more and more common.
*Traditionally, the Win M70 and the various Savages have enjoyed some aftermarket support, but not nearly to the extent of the R700
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