Remington declared bankruptcy this week amid an industry-wide decline in gun sales that began in 2017. With Democrats ousted from power in 2016, fears of restrictive legislation largely dissipated which has resulted in a slump in the market. Many smaller companies with unremarkable products saw booming sales in the Obama era and throughout the 2016 election cycle, but have fallen on hard times in the last 15 months as the likelihood of federal assault weapons bans and magazine capacity restrictions dwindled. The drop in demand has even caused some industry giants, such as Colt, to drastically reduce their workforce. When news broke regarding Remington filing for chapter 11 bankruptcy on Sunday, many firearms enthusiasts were not shocked in the least.
Since being acquired by Cerberus Capital Management in 2007 as the flagship of their firearms manufacturing holding company, Freedom Group, the overall quality of Remington firearms has taken a noticeable downturn. Complaints regarding barrels that form rust spots before ever being taken to the range, low-durability components, and general fit and finish issues, have been commonplace in reviews posted by many gun owners who have purchased Remington products in recent years. While their higher end precision rifles and competition level shotguns seem to be unaffected, their more affordable recreation and hunting guns have received little in terms of praise.
The most notable blunder on Remington’s part was the release of the R-51 pistol in mid-2014. During the years that saw massive spikes in the purchase of compact and sub-compact handguns aimed at the concealed carry market, Remington decided to toss their hat in the ring with a new take on one of their old designs. Rather than taking the time fine tune the engineering and carry out extensive testing, they hastily rushed the production of it trying to reach market and cash in. Before the R-51 hit the shelves, the folks at Remington decided to pad the pockets of a number of firearm publications in return for offering praise and hype in articles prior to release. When retailers began stocking and selling the pistol that was lauded by the likes of Guns & Ammo, among others, consumers were quick to realize they had been duped. The gun was a steaming pile of poor design, function, and reliability. Guns that were returned to the manufacturer for repair in mid to late 2014 did not begin shipping back to their owners until June of 2016. Remington lost even more credibility and respect from that debacle than they had in the years of poor quality control leading up to it.
In the years since the R-51, Remington has not fared as well as their competitors due in part to how out of touch they are with what consumers want, quality issues aside. So their bankruptcy was of little surprise to many gun enthusiasts. Leftists and their media outlets, however, saw this bankruptcy and decided that it was a result of their cries for infringement upon the Second Amendment. Outlets across the country, who do little to hide their agendas anymore, proclaimed that Remington went under due, at least in part, to the greatly exaggerated “nationwide demand” for stricter gun laws. They gleefully repeat the phrase, “Trump Slump,” with only negative connotations, disregarding that it is the result of people becoming less fearful that their government will tread on them. This bankruptcy has been forecast by industry insiders dating back at least six months, but, due to the timing, the left is fanning the fervor of emotional children by heavily implicating their screaming as the cause of this filing.
Business as usual for the left and its propaganda peddling media outlets. Do not buy into it.