Remington to File for Bankruptcy Article

[Slugz]

http://www.thefirearmblog.com/blog/2018/02/08/remington-financing-bankruptcy/


Its a shame their quality control has gone down hill also. I was surprised to hear from a Gunsmith that the norm from him is that he cant get the scope base screws out on a new Remington. Majority of the time he has to drill them out and re thread them.

 

[Ikeepitcold]

Wow that’s a bad deal. They seemed to have started their downfall with the bad trigger, safety issues years ago. My hunting partner almost shot himself when he took the safety off and the gun fired. Bad deal.

 

[Slugz]

Wow that’s a bad deal. They seemed to have started their downfall with the bad trigger, safety issues years ago. My hunting partner almost shot himself when he took the safety off and the gun fired. Bad deal.

I agree....I noticed things staring to go downhill when they started producing the lower end rifle/scope packages. I think SPS series maybe.

 

[kidoggy]

pity . but if they are making trash , no great loss.

 

[Colorado Cowboy]

It is unfortunate, but IMO the Remington name will not disappear if they don't get financing. Someone will buy their name (& rights to produce) and Remington will still be sold. Winchester was sold several times and is still being sold with no connection to the original Winchester.

With respect to the trigger situation, it has been known about and under recall for many, many years. Unfortunately there are lots of 700s still out there that have not been fixed!

 

[Ikeepitcold]

I agree CC. Remington will always be around.

 

[sneakypete]

There's bad management lead to there down fall 970million in debt when other gun companies are doing fine and building better guns!

 

[mallardsx2]

No big loss to me if they go off the map. I've owned three of their guns. Sold them all within 6 months of owning them.

Dont know why I went back for a round three...lol

 

[johnsd16]

I just bought a 700 last week!! But it was made in 1985 (gunbroker). We dealt Remington when I worked in a gun shop from 1999-2008 and the quality absolutely went in the crapper. Fit and finish, mechanical issues, all of it. The economy type projects like the 710 and 770 are jokes and garbage rifles (I’m sure a few work). I have an 870 from the early 90s and it is a tank, but the 870s and wingmasters from recent times are no where near what they once were. 1100s and 11-87s were decent autos for their time but Remington didn’t keep up as others made better autos like the browning gold/win sx2, Benelli SBE, beretta extrema, etc. They floundered around trying to make the 11-87 supermag, then the 105cti. It was frustrating.

I own several Remingtons; 870 with 3 barrels, two 700s, two 121s, and an old 74. I like all of them but none are newer than the mid 1990s.

Right now, accessories for 870s and 700s are some of the most widely available. Will it continue if they go full belly up (which I doubt it will)?

 

[Fink]

I like how every article I read about it, blames it on gun sales lagging because Trump is president.

 

[Slugz]

There's bad management lead to there down fall 970million in debt when other gun companies are doing fine and building better guns!

Agree. They tried the cheap sales in big numbers plan and like other areas of industry/manufacturing ......they failed.

I have a whole safe of Remington rifles and shotguns. All older models with plenty of parts and upgrades available out h
there to keep em shooting tight groups for a long time.

 

[Slugz]

No big loss to me if they go off the map. I've owned three of their guns. Sold them all within 6 months of owning them.

Dont know why I went back for a round three...lol

What models/years did you have ?

 

[mallardsx2]

I had:

Remington 1100 .410 (2006 ish model) - Sold it because it constantly Jammed (Too bad because it was a beautiful gun...killed a couple of gobblers with it in the spring season actually)

Remington Versa MAX (2008?) - Sold it because it wouldnt cycle 2-3/4" loads. (My friends worked flawlessly)
Remington 11-87 Super MAG 12ga. (2003?) (Would not Cycle HOT crow 2-3/4" loads)

Never did care for their rifles because they didnt have a box magazine.

Having said that, I loaned my buddy 500$ for vehicle tires 10 years ago and held his 700 BDL in .270 (CHERRY CONDITION) as collateral.(I'll loan any of my friends money but only if they put something up as collateral worth more than they borrow haha) It DOES have the box magazine. It is still in my safe. I never fired it and honestly I doubt he ever did either. It has a leupold VX-2 scope on it too.... Still waiting on the 500$...lol I figure I'll give it to his son for a birthday present in 5 or 10 years when he is old enough to appreciate it. ha!

 

[swampokie]

I'm not sure the 710 and 770 models were the downfall. I saw several sub moa 710s and my brother had one that was the most accurate stock rifle I ever saw. Yes they felt like u were holding a crosstie and I hated the box mags but id drop 300$ on one today if it was a 710. I have a 2005 700 cdl in 300 rum and I love it. Silky smooth and deadly! I think that a lot of manufacturers skimp on their economy models not just Remington. I think bad management with the return to a republican president is most likely the problem as mentioned. I have several new firearms from other makers that are cheap made and junky as hell. Its not just Remington.

 

[Slugz]

I'm not sure the 710 and 770 models were the downfall. I saw several sub moa 710s and my brother had one that was the most accurate stock rifle I ever saw. Yes they felt like u were holding a crosstie and I hated the box mags but id drop 300$ on one today if it was a 710. I have a 2005 700 cdl in 300 rum and I love it. Silky smooth and deadly! I think that a lot of manufacturers skimp on their economy models not just Remington. I think bad management with the return to a republican president is most likely the problem as mentioned. I have several new firearms from other makers that are cheap made and junky as hell. Its not just Remington.

Agree....bad management ......but how did the Republican President hurt Remington?

 

[swampokie]

Trump slump! Everyone eased up on buying guns and ammo when we got a gun friendly prez.

 

[280ackimp]

The stories are not good, faulty triggers/safeties and so on. Like many other companies Remington forgot what made them famous. The deviation from US made products to the off shore models wasnt good. I see this as an argument that could have started with the Wall street crowd to have pushed for lower cost, higher profit and bigger volume options. Shareholder VALUE !!!

The market wanted a low cost option to the rifles and shotguns being produced by Remington... thus they gave us express models. Then the price on those went up and they started pushing the custom shop options ...
Short term profit structure is one of the first death signals we see in any business model where mass production exists. I contend that the hunters of America would have done just fine without the lower quality Remington rifles and shotguns. We already had Marlin/Mosberg/Howa and Ruger. Ruger is doing ok but all is not well in CT/NH !!
Also who really thinks that the consumer market has room for another 9mm +380 and 45 acp pistol .... everyone makes them why did Remington? Cerberus wanted a part of frenzy, one that peaked 3 years ago and passed !!

Gun makers who have say in what they do will continue to do well because shooters know shooters and Wall street knows who ? Not the consumers in this instance ! Arms companies managed by fund managers and the ilk will rise and fall with the Wall street wimps who place emphasis on portfolio management and politics. Wall street buying groups have thinned our options for quality sporting arms as seen with Marlin (who owns them ???) and Smith who are both taking a beating in the consumer worlds largely due to QC issues and attempts to control manufacturing costs. Who would have thought we would have to buy S&W revolvers with locks on the side plate and no firing pin on the hammer? Marlins always worked ...always now that they were purchased and moved and given new tooling and new employees on the line ..... ask what happens next !
Its a good time to be a custom gunsmith - fixing factory issues on rifles is a good business. Custom rifles are 3k+ and take 12-16 weeks to deliver ? Re-Barrel jobs are 8-12 weeks and the good smiths have waiting lists!

Sad !

 

[Fink]

Trump slump! Everyone eased up on buying guns and ammo when we got a gun friendly prez.

Yes, in one years time, a Republican president played part in sinking a 200+ year old company, that had seen countless republicans before him. What kind of house of cards were they running?!

 

[swampokie]

Seems as though Remington cant give away its 22 ammo now. I didn't see any for six years and now I cant get down the isle in Walmart for all the bricks falling on me!! Times change peoples attitudes and fears change with it. I don't know how much having a liberal prez influenced the survival of Remington but with the massive gun and ammo sales during Obama era couldn't hurt. Those massive sales are not happening now. That's all I was saying

 

[BKhunter50]

Cerberus Capital Management has had Remington for a long time and is to blame for this. I used to be a manager at another company controlled by Cerberus - so I can tell you first hand how it operates. Cerberus cares nothing about anything other than making money. Once a company no longer takes pride in what it does and strictly cares about what the financial report looks like for the next quarter on Wall Street - things can go bad. Remington started out as a company passionate about the outdoors and providing a quality product to the public. This was what was key to their success. Once it was taken over by bean counters chasing dollars - the heart of what made Remington successful changed - and the product deteriorated.