Remington Seeks Financing To File For Bankruptcy

nomad 68 said:
This is what happens when a Capitol management company buys a firearms manufacturer. This may end up being the best thing to happen to Remington. A rebirth under new ownership may right the ship.
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I certainly hope so. I'd love to see the company taken over by some real gun people with help from financial advisers, rather than the gun folks being ignored for the sake of the next quarterly profit numbers.
Profits are good, but you can't make money selling inadequate firearms and ruining a storied brand name.
Now if they could fix that horrible trigger pull on my 597..............
 
philhut said:
Failure to maintain quality with unreliable in entry level products is a brand strategy that leads to failure.
There inexpensive guns are junk compared to competitors and the 22lr ammo which so many shooters start out with is some of the worst on the market...... who buys into Remington after that type of experience. I am certainly not the only one who has gone through this. There new pistol is a decent little gun but I waa not interested in buying a Remington product the brand damage is/was already done.

They blew it all selling junk 22lr....also denying a problematic trigger issue till the issue piled up sure didn't help either....


It's sad but many corporations are going to have financing come due this year in the USA and CANADA. My next prediction for failure non gun related is "The Hudson Bay Store".
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Hudson's Bay got bought out by some Yankee about 10 years or so ago. I've stopped thinking about it as a Canadian store anymore.
 
Ruger can make a rife that cost under $400 USD can can shoot out to a mile.

Remington can't build a R700 for under a grand that does the same.

Im no Ruger fan either, but the writing was on the wall.
 
I love the new 870.

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Hudson Bay was sunk the day they decided the route to success was to sell cheap Chinese crap at high prices. Remington updated and "improved" models which needed neither updating nor improving. In addition, they shifted operations, laid off skilled workers and sourced parts from Mexico. All moves meant to save them money but which did not work out as planned. Are they going to drag Marlin down with them?
 
Bummer. An industry subject to significant headline risk and falling consumer demand. Could they re-structure with their current line of products and go with a public equity offering? Might attract a lot of short sellers. ;)
 
So bring on the clearance bankruptcy sales....
Even at a steep discount I can't name one Remington gun that I really want. They make other products though I'm game to buy non 22 ammo and rem oil/degreaser on the cheap...
 
Sad to see this. But am also not surprised. Had a 700 way back that had many problems with it - feeding, action needed to be true, a faulty trigger (that was my doing I guess as I didn't clean the rifle properly using a bore guide). Anyway, I put some money into it to make it shoot. The 783 I had was honestly a good shooter, just ugly. Quality is everything. I don't know if Rem has done anything to keep the rifle current so it kind of falls into the background when all the other rifle companies are introducing new gear and with impressive quality and accuracy.
 
Sad to see this. Remington tried to meet the demands of the make it cheap crowd that didn't want to pay for quality with plastic stocks, sand blasted finish on steel , and internals made to please the cheapo buyers. This is the result when you reduce a $1000 gun to $400. and try to make the same model in 20 diferent configurations .

To bad they didn't keep with a limited number of models like they did in the 50's and 60's . The cheapo market took them down. I have 50's wingmasters that are still slick as snot on a log , 60's 1100's that never fail , and a 700 BDL that looks as good as it shoots with the deep blue and fine walnut as well as a few more . Compare the BDL to the SPS and it's loke comparing aa International Scout to a Hummer.

I wouldn't trade the Remington's I have and will have more .
 
The sad thing is there top end stuff is still good (except for the trigger).

Hope they pull it together because the 700 and 870 are some of my favourite designs.

Sign of the economic times ... there will be others.
 
its sad. i love the rem 700 but can't see my way to buy a new one. i have many old ones and a few customs on the 700 action. a friend bought a new one last year and had lots of issues inc failure to eject and a crappy trigger he replaced. still not sorted out and he won't hunt with it. i wish they would concentrate on the 700 line and make it good again with some semi customs instead of the cheap plastic crap.
 
SuperCub said:
Actually the 783 is a pretty decent rifle, but it took took or three other cheap gun failures to get to the 783 first. Not sure why they didn't just put a floorplate on the Marlin X7 and go with that.

No comment on the 22s. I shoot a 10/22 instead and buy used/older 700s instead of new.


You're right.
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It's really too bad they dropped the Marlin X7. From what I've read and heard its a good shooter for what they cost.
 
Don't be surprised if the plants or at least rights to the name are purchased by a foreign company already in the firearms or ammo business. "Angry" US trade policies are the perfect recipe for an off-shore company to walk in and buy some of the assets including intellectual property to establish or expand its American market footprint. IF they can restore the once-upon-a-time quality standards, they could do well. Think outside the box, think outside the borders.

Or they could just go under.
 
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