Remington should be a power house in the industry, they have excellent gun designs. Unfortunately the owners didn't know what they were doing or who their customers were. Their polymer guns were a disaster, their quality has suffered for a while.
I hope someone can bail them out and they stay in business.
From the article: Remington’s sales have declined in part because of receding fears that guns will become more heavily regulated by the U.S. government, according to credit ratings agencies. President Donald Trump has said he will “never, ever infringe on the right of the people to keep and bear arms.”
Well, yeah, then there's the more important fact that they can't made a decent gun to save their... company.
And speaking of bankruptcy and potential reorganization, any speculation on who will be next?
As for Remington, nothing like a good old self inflicted wound allowed to fester and turn gangrenous. Sorry to see them go, but when you do not listen to your customers and can not see the iceberg dead ahead because you are blind to where you are going, your ship will sink when you strike the iceberg.
Well, sadly that's what happens when a company is owned by a greedy conglomerate who is more concerned about making money by means of securing the rights to as many brands as possible then sell junk under the guise of a respectable brand rather than making the quality of the products offered by the brands which they own so high that they develop a strong reputation which folks will happily spend their money on.
It's pretty clear that Freedom Group doesn't care at all about quality or pricing, but rather fullfillimg their role as one of the many modern day cartoonishly evil corporations who you would imagine is run by Scrooge McDuck, C. Montgomery Burns, or Mr. Eugene Krabs given just how absurdly, unabashedly greedy they are that they barely even try to hide the fact that they're offering inferior products at inflated prices.
*sighs* I miss the good old days when the reputations carried by brand names actually meant something while the fly-by-night businesses run by crooks were easily spotted and the extremely greedy corporations were well publicized by journalists with strong moral obligations who would denounce them for their callous greed.
Greed is what makes capitalism work so very much better than socialism. It's the pursuit of profit that motivates. It's why the government is so inefficient and mucks up everything it touches. I don't blame greed or "greedy capitalists" for Remington's rumored demise, I blame poor management, simple. If they were just greedy, they'd have done it right and made money.